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Eco-cars add to fleet admin burden
Date: 20 May 2009
The administration burden on fleets looks set to reach record levels this year following news the number of cars on offer is rocketing, according to car data and residual value experts at CAP.
New car sales may be down but CAP has seen 653 new car variants added to price lists in April and 1487 for the first four months of 2009. Both figures are records for the industry.
David Saville, vehicle data quality supervisor, said: "This is the highest volume of new variants ever added in a month. At the core of all these new variants appears to be the race to reduce CO2 as manufacturers seek to benefit from new tax rules in the company car market and attract private customers who wish to avoid punitively high VED rates.
"In particular there have been a lot of stop/start technology variants introduced by Volvo and Audi. We are also seeing many more special edition variants as manufacturers attempt to send a stronger value for money message into the currently troubled new car market."
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