Resource Library

The number of company cars – as recorded by HMRC – grew 80,000 units in tax year 2023/24, reaching 840,000. This is the third consecutive year of volume growth, but still short of the high watermark set in 2015/2016, when 960,000 company cars were recorded.

The Industrial Strategy launched yesterday (23 June 2025) sets out the Government’s long-term plans for growing the UK economy, raising living standards and building resilience and security.

BVRLA Chief Executive Toby Poston comments; June has been a busy month in Westminster. In the last three weeks we’ve heard the Comprehensive Spending Review, which paved the way for the respective long-term strategies for the UK’s Infrastructure and Industrial development.

The Government has launched its 10-year Industrial Strategy, outlining a long-term plan to grow the UK economy, raise living standards, and support key sectors. For the automotive industry, the newly released Advanced Manufacturing Sector Plan is of particular relevance.

HM Revenue & Customs (HMRC) has updated its guidance around the transition rules for double-cab pickups, relating to Benefit-in-Kind (BiK) changes that came into force in April this year, following input from the BVRLA.

Last week’s Budget was publicised beforehand as being a painful one, with difficult decisions needing to be made. Its contents demonstrated the challenging economic climate facing the nation, but did contain some green shoots around road transport decarbonisation.

The new Labour government is currently finalising the details of its first major fiscal event since winning the election this summer. Chancellor Rachel Reeves' delivers the Budget next week (30 October) and she has forewarned the public that this will be a 'painful' one.

The UK new car market rose 1% in the key ‘74’ plate change month of September, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).

This week the BVRLA has been championing the interests of members at the Labour Party Conference in Liverpool. Alongside partners the Association of Fleet Professionals (AFP) and Auto Trader UK, discussions have been taking place with MPs and Conference delegates to educate them on the value of rental and leasing industry, and highlight the challenges it faces.

Government decarbonisation targets are at risk unless it acts now to strengthen demand for used electric vehicles, warns the BVRLA.

The BVRLA recently made a submission to Government ahead of the Autumn Budget (30 October).

BVRLA’s annual Parliamentary Reception at the House of Lords last week brought together over 150 parliamentarians and guests. Supported by AutoTrader, the event featured key insights into the state of the used BEV market.