Used vehicle prices to rise or fall in wake of Brexit???

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Used vehicle valuation experts are divided on their view as to whether prices will fall in the wake of the UK’s decision to leave the European Union.
 
Rupert Pontin, director of valuations at vehicle information provider Glass’s, said: “If the Brexit voters are correct in their thinking, it could create greater prosperity for the country in the long term but, over the next few months and years, the road is likely to be very bumpy. 
 
“Markets will be affected, as will the value of the pound, and we expect to see consumer confidence tail off until the view of the way forward becomes clearer.
 
“For the motor industry, all of these developments are very likely to have negative effects including a period of instability for new and used car sales, as well as an increase in pre-registration activity and downward pressure on [used car] values.”
 

Highway Code to change ready for automated cars

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A major consultation on changes to the Highway Code and insurance to help pave the way for automated cars to be used on British roads has been launched by the government.
 
Under the proposed measures, rules will be changed so automated vehicles can be insured for use on the roads.
 
In addition, the Highway Code and regulations are to be altered so advanced driver assistance systems that change lanes on the motorway and park the vehicle by remote control can be used safely.
 
Cars with advanced driver assistance features, like remote control parking and motorway assist, are expected to be on sale in Britain in the next two to four years with automated and driverless vehicles expected on the roads any time from the mid-2020s onwards.
 

The hidden cost of Grey Fleet need not be invisible!

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The size of Britain’s ‘grey fleet’ and the cost of mileage claims is “invisible” to UK company bosses and “a blind spot in the government’s transport strategy”, according to a new report.
 
Now the British Vehicle Leasing and Rental Association (BVRLA) is calling on the government to tackle the challenges of the UK’s ‘grey fleet’, following publication of the report which it says shows the true cost of employees using their own cars for work purposes.
 
The UK’s ‘grey fleet’ - employees who drive their own cars on business trips - comprises 14 million cars, 40% of all vehicles on the road, and costs employers more than £5.5 billion a year in mileage claims and car allowances, it is calculated in the report. Collectively some 12 billion business miles are driven each year on Britain’s roads by employee-owned cars.