Manchester hosts this week’s Leasing Broker Forum

The next Leasing Broker Forum is taking place at Old Trafford Cricket Ground in Manchester this Wednesday 23 May and there’s still chance to book a place.

Suzanne Taylor from Shoosmiths will be presenting at the forum talking about the FCA motor finance review and giving leasing brokers important insights into what the regulator has discovered so far and what they are looking at in more detail.

The half-day event starts with lunch at 1pm, followed by presentations from 2pm and a chance to chat to network and chat to industry colleagues from 4.30pm. 

BVRLA Position Papers summarise policy asks

The BVRLA has produced a set of Position Papers to provide an at-a-glance overview of the association’s view and desired intentions on a range of priority issues including Air Quality, Motor Finance, Taxation and Vehicle Terrorism.

These one-page documents contain a brief summary of the issue and make clear what we are asking of policymakers on behalf of the sector.

They also include ‘Top 5 key messages’ and some suggestions of how members can help to support our activities as we work to protect the interests of the vehicle rental and leasing sectors.

Q4 2017 Quarterly Leasing Survey

The BVRLA has published its latest Quarterly Leasing Survey results, showing that the size of the total business leasing sector for cars and vans has grown to 1.343 million, an increase of 8,000, up 0.6% year-on-year.

Total car leasing (all leasing types) grew by 2% year-on-year down from 6% in Q3 2017 and down 12% year-on-year.  Whist PCH grew by 20% in Q4 2017 the growth rate has continued to decline since it peaked in Q2 2016 at 55%.

BVRLA Christmas opening times

The BVRLA closes for the Christmas and New Year break at lunchtime on Friday 22 December and re-opens the morning of Tuesday 2 January 2018.

The next issue of the BVRLA Weekly Update will be published on Monday 8 January 2018.

The team at the BVRLA would like to thank members, partners, suppliers and all those who have supported the association’s work throughout 2017.

Merry Christmas and Happy New Year!

Early introduction of the London Ultra Low Emission Zone (ULEZ) will punish fleets

The British Vehicle Rental and Leasing Association is disappointed that commercial vehicle operators have not been given enough time to prepare for the early introduction of the Central London Low Ultra Low Emission Zone on 8 April 2019.

Commenting on the Mayor’s announcement BVRLA Chief Executive Gerry Keaney said:

“The ULEZ will now come into effect seventeen months earlier than originally planned and many commercial fleet operators will face a big financial challenge in trying to upgrade their vehicles ahead of schedule.

Regime change afoot for FCA-regulated firms

The Financial Conduct Authority (FCA) is tightening up its rules, replacing the current Approved Persons Regime with the Senior Managers and Certification Regime (SM&CR). The regime has already been operating in the banking sector for some time and will next year extend to the financial services sector.

This change will affect all FCA-regulated firms including non-UK firms with permission to carry out regulated activities in the UK, and it will focus on three key areas:

1. The Senior Managers Regime
2. The Certification Regime
3. Conduct Rules

Oxford aims to have the world’s first Zero Emission Zone by 2020

Oxford’s City and County Councils have announced their intention to introduce a Zero Emission Zone in the city by 2020, which will prevent all petrol and diesel vehicles from entering parts of the city centre.

Under the proposals, only electric vehicles will be permitted within the Zone from 2020, and plans include expanding the zone to include the entire city centre from 2035.

Birmingham seeks input on clean air zone plans

Birmingham City Council is looking for business input as it undertakes a feasibility study exploring the best ways to address air quality. It is particularly interested in the views of local businesses that rely on logistics and whether they have the potential to reduce the associated emissions from this. Birmingham is canvassing opinions via an online survey, which closes on 9th October and can be found here.

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