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Irrespective of your which side of the divide you are on; Brexit hasn’t been an easy ride for fleet owners. Before we’ve even left we’ve seen turmoil in the car industry, fluctuations in financial markets cause fleet insurance quotes to rise and fall and speculation on everything from the future of emissions to vehicle excise duty rates.
With the prospects of a no-deal exit on the rise as the 31st October draws closer – something given real impetus by Boris Johnson’s strong showing in the preliminary rounds of the Tory leadership election – what could a no deal Brexit mean for vehicle fleets?
In this latest blog from Getaquoteinsurance, the fleet insurance specialists – we look at the numbers and the evidence behind the partisan shouts to see what life could be like in a post Brexit world.
Traditionally the Spring Statement is not something that fleet owners and company cars drivers look forward to. Within the Chancellor’s red case are often unwelcome and costly changes such as in increase in fuel duty, a change to the Ogden Rate, a rise in insurance premium tax (IPT) which will lead to high fleet insurance quotes, or a hike in vehicle excise duty (VED). Happily, this year there may be less to worry about. Brexit is taking up pretty much all of the government’s time and with a £15bn tax surplus he could, in theory at least, look to give drivers some much-needed relief.
Are Electric Vehicles The Only Way Forward For Fleets?
The calls for fleet owners to switch to cleaner vehicles has become almost constant in the past 12 months. With pressure mounting on both local and central government to clean up their air act and car buyers continuing to desert diesels in droves, drivers are increasingly looking for cleaner, greener fleets. Up to now most attention has been focused on electric fleets, but are there alternatives to this accepted fuel solution?
2018 will probably be remembered as the year that the electric vehicles came under serious consideration by fleet owners. Electric cars have rarely been far from the news in the past year and are increasingly being taken as a viable alternative to diesels. Advances in technology, the introduction of clean air zones, improvements in vehicle ranges and spiralling fuel prices have all lead to a surge in electric vehicle sales.
2018 hasn’t been the easiest year to be a fleet manager. Fleet insurance quotes have risen owing to the changes in the Ogden Rate and rises in Insurance Premium Tax, the use of diesel vehicles have become more and more problematic with many hailing the death of diesel cars and fuel prices are back on the rise thanks to the fall in Sterling following last year’s Brexit vote. Yes, things are tough out there and with many predicting hikes in fuel duty come the Budget and with the electric fleets still just a nice idea for many, things look set to remain difficult.
Saving money on all aspects of running your fleet – be it saving on fleet insurance cover or saving on fuel costs – has never been more important. And to help you do just that, here’s our 2019 guide to reducing your fleet costs and keeping your vehicles where they belong: on the road.
Diesel is no longer the most popular fuel source for fleet vehicles in the UK. What was an unthinkable idea even a year ago has now become a reality according to new figures from the Society of Motor Manufacturers and Traders (SMMT) which reveal petrol now has 53.2% of the fleet market, up almost 13% on Q1 2017. That diesel has lost its fleet crown is a significant development and one that many environmentalists and advocates of clean air might well welcome.
Having looked at electric fleets it seemed only logical to look at the other big thing in fleets at the moment, self-driving fleets. Self-driving or autonomous cars have gone from pipedream to reality in an astonishingly short space of time. The first attempts at driverless cars came in the 1920s with radio-controlled versions, but it has only really been since the early 2000s with the US military’s investment in driverless car research and later in 2009 with Google’s unveiling of their first autonomous cars that progress has accelerated.
The latest development has been taxi firm Uber’s launch of a fleet of autonomous taxis in Pittsburgh back in August 2017, something that has been (thus far) a success. With the pubic (slowly) coming to terms with the idea of driverless cars will we soon see driverless fleets plying our roads? And if so, what are the benefits and what are the implications for fleet insurance and fleet insurance providers such as Getaquoteinsurance? Let’s take a look at these issues in turn.
There has been a lot of talk about the electric fleet cars in recent months. This has been fuelled by the government’s decision to ban ‘traditionally’ powered vehicles by 2040, leading manufacturers such as Volvo deciding to build nothing but hybrid and electric cars by 2019 and the introduction of the Tesla 3, arguably the most important car in the world. These announcements have caused great excitement in the fleet world – not least in the insurance sector as the number of fleet insurance quotes for electric vehicles has started to rise.
While it would be fair to say that there’s a good deal of misunderstanding when it comes to car fleet insurance – many are surprised that fleet cover can be taken out on just 2 vehicles – it's as nothing when compared to lorry fleet insurance or truck fleet insurance.
As a small or medium sized business owner whether they have considered taking out truck or lorry fleet insurance and they invariably reply that it’s not for them as they don’t have a huge number of lorries and other heavy goods vehicles (HGVs) in need of cover. But as with car fleet insurance, truck and lorry fleet insurance can be for them as it’s a far more flexible type of cover than you might think…
The fleet car and business car sector has become a regular target for change in the Autumn Statement and 2016’s was no different. In his speech, The Chancellor announced changes to the tax bands that surround fleet cars, to fleet insurance tax and to the way drivers fund their company cars. What do these changes mean for fleet and company car drivers though? In this blog, we’ll look at the ramifications of these important changes for fleet managers and fleet car drivers.