Transforming vehicle lending

The term “Electric Vehicle” (EV) has traditionally been used to encompass all types of electric vehicles, including hybrid and battery-powered vehicles.

Advanced Driver Assistance Systems of ADAS technology can vary from car to car but can include: Speed Assistance—Using the car’s cameras, road map data, or both, it can identify road limit speed signs and warn the driver of their existence audibly. It can also continue to warn the driver that they are exceeding the speed […]

The Government has introduced a series of adjustments to its Zero-Emission Vehicle (ZEV) mandate, which is designed to accelerate the shift from fossil-fuelled vehicles to zero-emission, primarily electric vehicles (EVs), to help reduce pollution and cut greenhouse gas emissions.

Respected automotive industry experts Cox Automotive has forecasted that used EV values will stabilise this year in what it expects to be a broadly flat market, with sales of slightly over 7.6 million used vehicles.

And it wasn’t even a close contest with petrol and diesel cars written off at more than double the rate of electric vehicles (EVs). The study, which examined data from 2015 to August 2024,  established that 0.9% of EVs under five years old had been written off, compared to 1.89% of petrol and diesel vehicles. […]

The Zero Emission Vehicle Mandate, or ZEV, has been in place since January 2021. It requires car manufacturers to ensure that a certain percentage of all new cars they sell are zero-emission, which means fully battery electric vehicles (BEVs).

There is nothing new about a car losing money from the moment it leaves a dealer’s forecourt. Apart from a brief period in the aftermath of the global pandemic when there was a shortage of new cars, the fact is that cars lose money and some more than others.

By January 1st 2025, all independent used vehicle dealers must become SAF (Specialist Automotive Finance) approved (or equivalent) to continue offering finance through any lender who is a Finance & Leasing Association (FLA) member and…

Electric vehicle batteries should now last 20 years or more on average, according to new data from Geotab, which provides telematics – vehicle and asset tracking solutions to over 50,000 customers in 160 countries.