Author page: Nick Sharpe

Remarketing sector frets over boom in values

BCAs new Retail Ready channel

THE booming market in used car prices is causing concern for the remarketing sector as it worries about when and how the market might go off the boil. The Vehicle Remarketing Association (VRA) says it is still seeing rising prices during autumn at a time when values would normally be written down. Concerns about the economic impact of ending furlough and potential…

First view of new electric VW SUV

VW ID.4 rear static

SO this is the first sight we’ve had of the brand new electric Volkswagen SUV. It’s called the ID.4 and follows the launch of the ID.3 hatchback which has just started to ship to customers in the UK. The compact electric VW SUV has a range of 323 miles (520km) from a 77kWh battery. The electric motor provides 150kW (203PS) power, giving…

Kia outlines future EV product plans

Kia president and CEO Ho Sung Song outlines EV strategy

KIA is aiming to be a significant player in the EV market. The company already has the Kia Soul EV and Kia e-Niro EV, but it has unveiled a strategy to have seven new dedicated battery electric vehicles to launch by 2027 across several vehicle segments. These are part of its Plan S strategy which will see the company expanding its BEV…

Chantal Gorman appointed Alphabet chief risk officer

Chantal Gorman Alphabet

BROKER funder Alphabet has announced the appointment of Chantal Gorman as its new chief risk officer. Previously Goran was the company’s head of controlling, a position she has held for the last six years. Gorman, who was part of ING before the integration of the leasing company into Alphabet, has extensive experience, with more than 25 years of expertise in the vehicle…

BVRLA issues guidance note on Combi vans

Ben Thompson with Vivaro Tourer Edition Nav Double cab

FOLLOWING the HMRC v Coca-Cola case over the definition of Combi or Double Cab vans for benefit-in-kind purposes, which the HMRC won, the BVRLA has released a guidance note to assist members. Written in conjunction with HMRC, the guidance reflects the current position on Combi van, but the BVRLA warns may be subject to change if there are appeals in ongoing cases…

VAT treatment of early termination fees

Business woman looking at early termination fee

THE BVRLA is advising members to consult an HMRC paper on the VAT treatment of early termination fees. Following a recent judgement in the Court of Justice of the European Union, VAT is now liable. “Most early termination and cancellation fees are therefore liable for VAT. This is the case even if they are described as compensation or damages,” says the HMRC.…

OLEV sees surge of PICG applications

Rise in PICG applications

OVER the last few months, OLEV has seen a dramatic rise in the number of applications for the government’s Plug-in Car Grant (PICG). According to a BVRLA report, the demand is higher than expected and applications may take longer than expected. The BVRLA says that OLEV is working closely with the Vehicle Certification Agency (VCA) which checks and approves applications to the…

Uber aims to electrify half of its European rides

effect of Uber electrification of fleet

UBER has committed to electrifying 50% of its fleet that operate in European capitals by 2025. The ride hailing company will also make all its rides in Europe and North America fully electric by 2030. The outcome is the result of a sustained campaign by environmental group Transport & Environment and seven NGO partners to focus on the environmental impact of the…