Company Car Today

Used market ‘hotting up’: BCA

The used market is seeing “significant and noticeable” growth in the wake of lockdown restrictions being eased in England, according to remarketing giant BCA.

Average values rose by more than 15% during the week commencing 12 April, equating to a £1,223 rise in sale price across the company’s BCA Online and BCA Buyer app platforms.

The company also said that conversion rates improved and sold volumes jumped by 17.0%, while performance against guide values also increased by 1.7 percentage points to 101.9%.

Stock from corporate sellers was up by 2.2% (£269) on the previous week to reach its highest point of the year at £12,337.

“The lifting of some Lockdown restrictions, the continued good news about the vaccination rollout and the cautiously improving economic outlook has generated a lot of positivity in the used vehicle sector,” said Stuart Pearson, COO BCA UK.

BCA continues to sell exclusively online, with physical auction sites not yet reopening.

Logistics firm pledges to go electric-only for company car fleet

CEVA Logistics is to move its entire fleet of more than 220 cars to electric by 2025, with the first vehicles arriving this month and more than half electric by the end of next year as leases come to be renewed.

CEVA logistics electric vehiclesThe company, which includes models from Kia, Mercedes, Audi and Tesla on its fleet, claimed that all its managed sites are now using 100% renewable energy, so vehicles charged at these locations will be carbon neutral.

“This change has been possible through the vision and passion of our people and has been a collaborative endeavour with all team members,” said CEVA Logistics procurement director Europe Jamie Foster. “Everyone was committed to change and confident that it could be achieved, and we are now able to make this announcement.”

EV drivers warned to hunt down cheapest electricity deal

Electric car drivers could be costing themselves more than £1,000 by not hunting down the best electricity tariffs, according to Rightcharge.

“Compared to a standard tariff, having an EV-friendly energy tariff is incredibly cheap – to the point where a homeowner can charge their car at home and reduce their total energy bills at the same time,” said Charlie Cook, founder of Rightcharge.co.uk. “A fleet driver who does 20,000 miles a year can save up to £1,250 a year, so drivers really can’t afford to miss out on the savings available if they change to the right deal.”

The price comparison expert claimed that a driver covering 20,000 miles per year would expect to pay around £2,599 in electricity bills from one of the big six energy suppliers, which includes £1,454 for charging their car. But switching to a lower-cost alternative EV energy tariff could, according to Rightcharge, cut the annual household bill to £1,349, including £459 to charge their EV.

 

£50m for workplace charging, BCA reports ‘solid’ start to 2021, Range Rover tops Tracker stolen list

Analysis: Fleets central to EV growth