140g/km is the new 160g/km, says CLM
Rob Wentworth James, CLM head of sales and marketing, said: ‘The message that lower CO2 equals intrinsically lower costs and lower taxes is now gaining impetus. By making the right vehicle choice now, fleet decision-makers can make cost savings running into several thousand pounds over the typical three-year life of a vehicle.
‘The cumulative effects of the various tax increases are starting to hit home, and will continue to do so for the next few years. Businesses will see their fleet costs rising in future unless they take action now.’
CLM says the latest round of rises in Benefit-in-Kind taxation, Vehicle Excise Duty, fuel duty, a new “showroom tax” plus planned increases to National Insurance have combined to increase the cost burden. It added that it is increasingly giving customers advice on using whole-life costs to define vehicle choice.
‘With the newly announced tax rises starting to take effect, there has never been a better time to instigate a fleet review aimed at selecting the most cost-efficient vehicles and cutting overall operating costs,’ Mr Wentworth James said.