GRIDSERVE has secured a £200m investment from Infracapital – the infrastructure equity investment arm of M&G Plc – to support its mission to deliver sustainable energy on the scale needed to move the needle on climate change.
FLEET and business sales have taken the brunt of the decline in new car registrations during 2022 as car manufacturers favour more profitable retail channels.
July saw new car registrations fall for the fifth consecutive month: a 9.0% drop and a total of 112,162 cars.
Year-to-date the total is 914,241, down 11.5% on 2021.
According to the SMMT, the fall was down to supply issues, particularly the ongoing shortages of semiconductors. The industry organisation has now downgraded its forecast for 2022 to a fall of 2.8% over 2021 which would mean a market total around 1.6 million new cars. However, to achieve that figure the market would have to stage a significant recovery from its current run rate.
EV leasing demand continues to drive the new car market, with a 72% increase in Q2 reports Leasing.com
Wiltshire leasing broker Wessex Fleet is planning to move to new offices by the end of September to create a better working environment
The BVRLA has helped to secure much-needed regulatory clarity around the legal status of rental and leasing firms in the vehicle supply chain
Production increases could see new car pricing come under pressure, according to Stellantis CEO Carlos Tavares.
Leasing broker CBVC Vehicle Management is the leasing provider behind the new LV= Electrix website from the insurance giant
The FCA has issued a new Consumer Duty which sets the guidelines for finance sales by brokers to consumers and small businesses.