Mike Bailey, CAVA Finance 0161 222 9599
News, Taxis

Earlier this year it was announced that new incentives were being introduced for taxi drivers, resulting in Electric Taxis being exempt from higher tax rates in order to promote the use of zero emission capable vehicles. The Shadow Business Secretary, Rebecca Long-Bailey also recently announced that a Labour government would invest £5.8 billion into the UK’s automotive industry in a bid to accelerate the shift to EVs.The proposal has been welcomed by those in the industry who feel this acknowledges the important role which fleets play in helping the UK toSEE DETAILS

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News

Records released by highways England show that a huge number of breakdowns occurred in the financial year 2018/19. 224,225 breakdowns were recorded which sees an increase of a fifth in just two years. Why are we seeing more breakdowns? Well, the average age of cars is increasing. Back in 2003 the average age of a vehicle was 6.8 years old, rising to 7.8 by 2015 and as of last year 8.2. As we know, with old age comes a few health implications! Traffic volumes have been ruled out as a cause ofSEE DETAILS

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Coach, Minibus/Coach Finance

Cast your mind back a few years or so and hybrid and electric vehicles were still relatively uncommon. However, recent reports support the prediction that by 2040 electric vehicles will dominate the market. Bloomberg New Energy Finance estimates that more than 80% of sales of new buses and around 60% of sales of light commercial vehicles will be for electric options by 2040. Even the iconic London double decker bus is going electric, with 100 electric buses joining fleets in the Capital from Chinese EV manufacturer BYD alongside the Optare MetrodeckerSEE DETAILS

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News

“UK car production declines for 12th month” “Nissan confirms plan to cut 12,500 jobs globally” “Brexit: UK car production plunges” That’s just a snippet of the headlines we’ve all become far too familiar with over the last few months. This blog isn’t politically motivated but aims to discuss openly the proposed (and current) impact of Brexit uncertainty on the UK Vehicle production and finance industries. Of course, for CAVA, if there’s a drop in vehicle production, we want to know about it as it will potentially impact our business too, in a ripple effect. WhereSEE DETAILS

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News

Call us old fashioned but here at CAVA we don’t think anything can beat good old snail mail. Unless it’s your Birthday often do you receive something in the post that isn’t a bill or junk mail? Of course, email is quicker and cheaper. And it is a means for us to keep in touch with our customers and share our news. Whilst we do send out emails, we have taken note from Royal Mail who found in a study that 57% of customers who receive something directly from a companySEE DETAILS

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