Figures disclosed from the Finance & Leasing Association (FLA) show that in the year ending March 2017, the total market for new car finance was £18.6bn, while used-car financing rose to £13.9bn. This large increase in the leasing market demonstrates a shift in the way both fleet and retail customers procure and use their vehicles. Leasing provides the driver with more flexibility in vehicle options and payment plans, which only widens the mobility spectrum.
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Good news for the UK manufacturing market, the government will invest £246m in a number of Catapult Centre-like organisations to promote the development of electric car batteries in the UK.
As you may already know, following the Government’s Budget update last month, there have been some changes relating to the laws surrounding diesel cars which are due to come into effect from April next year. These changes only affect passenger vehicles such as company cars. Commercial vehicles, such as LCVs, are exempt from the new rules.
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