CD Auction Group launches finance scheme
Online car remarketing company CD Auction Group has unveiled a finance scheme aimed at reducing risk for fleet operators and vendors.
According to the company, the new Fleet Crystallisation programme will guard auction vendors against falls in future residual values, by agreeing to pay vendors a negotiated value for any vehicle within 56 hours of it arriving on site, and guaranteeing they are not left with unsold vehicles by taking full responsibility for remarketing.
Roger Woodward, managing director of CD Auction Group, described the finance programme as unique to the company, and said it had "the potential to transform the cashflow of companies sending their vehicles to our online auction."
Not updating OS’s could costs fleets dear
Fleets still using the Windows XP operating system may be compromising their online security after Microsoft ended its support for the OS in April, according to fleet solution provider Chevin.
Without Microsoft’s support, no new security patches will be issued if a new weakness is found, or if it comes under malicious attack from viruses.
Ashley Sowerby, managing director of Chevin said "While it is not an open-and-shut case, these fleets may be placing themselves at risk. They may have other security protection in place, such as firewalls and anti-virus software, but XP is always going to now be a vulnerability in their systems."
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Fleets could halve prices by comparing offers – Compare My Fleet
Fleet owners could be paying over 50% more than they should for vehicle lease rates by remaining with the same supplier, according to rate comparison website Compare My Fleet.
Mark Pritchard, director of Compare My Fleet, said the difficulty in comparing lease rates caused vast differences in price for identical vehicles.
He said: "Pricing isn’t that transparent and it’s quite hard to compare. Looking at the initial results we’ve had, it’s absolutely astounding because for some vehicles, even fairly standard ones, the price range is 52%."
"If you don’t compare the market you could be paying over half as much again."
ACFO seminar to address "industrial" scale fines to fleet chiefs
Fleet decision-makers are struggling under the legal, financial and administrative consequences of "industrial" scale fines for parking and motoring offences, as local authorities increasingly rely on CCTV to spot infractions.
ACFO, an industry body representing fleet decision-makers across the UK, has announced it will hold a seminar entitled "Another Fine Mess?" for its members on 3 June in Loughborough, to discuss issues including liabilities for both employers and employees, the fine and appeal process and related HR matters.
According to research published by Churchill Car Insurance, in 2013 parking fines imposed by local councils on motorists totalled £255m.
Tusker directors choose EVs
The entire executive board of directors at salary sacrifice provider Tusker have opted for electric vehicles (EVs) as their company cars, according to the company.
Chief Executive Officer, David Hosking, Chief Operating Officer, Mark Sinclair, and Chief Commercial Officer, Iain Carmichael, all chose BMW i3s, while Chief Financial Officer, David Brockwell, selected a Nissan Leaf.
The initiative follows a 250% increase in EV orders from Tusker itself, following the company’s 2014 drive to promote them to customers on its SalarySacrifice4Cars (SS4C) scheme.
Alphabet E-Valuation tool helps pinpoint EV benefits
Fleet provider Alphabet has launched a tool capable of analysing a fleet’s existing vehicles and highlighting where electric vehicles (EVs) could replace existing cars and vans and increase cost efficiency.
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By GlobalDataSee more at : Alphabet launches E-Valuation tool and grows funding team
