A weekly round up of fleet news including vehicle safety recall and the FLA’s August finance figures.
CDL VIS, Experian and HPI join ReCare scheme
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Vehicle provenance check providers, CDL Vehicle Information Services (CDL VIS), Experian and HPI have joined the free-to-use electronic vehicle safety recall system, ReCare, in order to improve the precision of recall data.
The ReCare programme, created by online solutions company Ebbon-Dacs with the support of the BVRLA, provides a single location for manufacturers to list their safety recall notifications.
The three provenance check providers will each be supplying free vehicle checks for the ReCare scheme, rotating duties annually, with CDL VIS acting as the initial provider.
Roger Powell, divisional head of CDL VIS said the company were "delighted" to be involved with Experian and HPI whilst Robert Pilkington, managing director of Ebbon-Dacs’ Leaselink division, said "CDL, Experian and HPI all believe in Ebbon-Dacs’ philosophy that ReCare should be provided at no cost, for the good of the industry, and have said how delighted they are to be involved.
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By GlobalDataThe ReCare scheme was revealed last September after the BVRLA appointed Ebbon-Dacs to deliver an efficient, free-to-use recall system for its members.
FLA: used car fleet volumes rise as new volumes fall
The number of used cars being bought on finance by businesses in August rose by 17% compared to the same time last year, to 3,442, according to figures released by the Finance and Leasing Association (FLA).
The report shows an 87% increase for the 3 months to August, and a 36% increase in sales over the 12 preceding months, which saw 57,583 used vehicles financed.
The used car figures are in stark contrast to new car volumes, which saw a YoY drop of 4% for August, to 23,035. For new cars bought on finance by businesses, the three months to August and the 12 months to August saw respectively a 5% fall and a 9% rise, with 397,392 new vehicles financed since August 2011.
