Chinese brands are taking over the European market
The UK is responsible for 30% of all Chinese car sales in Europe. Chinese brands such as BYD, Omoda and Jaecoo have seen a huge increase in UK sales recently, with BYD capturing 2.54% of market share in 2025. But why is this happening, and what does it mean for incumbent, established manufacturers in both the UK and global markets? Not to mention how it could impact consumers?
2026 Outlook: Salary sacrifice growth forecast as used EVs and cheaper models prevail.
A clear trend identified by the BVRLA is the growing importance of salary sacrifice, with 90% of leasing companies anticipating an increase in uptake among large corporate customers, as employees increasingly seek cost-efficient ways to access vehicles, particularly electric vehicles (EVs), as part of their overall compensation package.
Autumn Budget supports fleet EVs and salary sacrifice
Jeff Whitcombe of BCF Wessex decodes the Rachel Reeves Budget which has implications for employers and raised NIC, but provides continued support for electric vehicles and salary sacrifice.
Salary sacrifice remains supported in the October 2024 budget
With the government’s commitment to support the take-up of electric vehicles (“EVs”) by maintaining competitively low BiK tax rates from 2028 to 2030, the Chancellor has provided the clarity and certainty required by company car and salary sacrifice providers.
Developments for Gensen users
The BCF team have updated AFRs for Gensen as well as the Glossary and FAQs to help keep your consultants abreast of legislation and market developments. The filtering and car images have been upgraded, too.
Salary sacrifice is still the cheapeast way to get your drivers in to EVs
July’s BVRLA Leasing Outlook reports that the product grew an astonishing 41.2% to reach a total of 35,134 cars. However, not all leasing brokers are offering customers the option of a salary sacrifice product. Brokers can capitalise on this growing sector of the market and open up further sales channels.