Have you heard of WLTP? The EU have developed a new test called the Worldwide Harmonised Light Vehicle Test (WLTP) which is being rolled out on all new vehicles that come to the market. The WLTP will replace the New European Driving Cycle (NEDC) test procedure for establishing the official fuel consumption and CO2 emissions figures for new vehicles.
WLTP aims to provide more realistic test conditions that reflect ‘real world’ driving and therefore give a more accurate basis for assessing a vehicles fuel consumption and emissions figures. This new testing will apply to all new vehicles registered from September 1st 2018. The new test will apply across the board to all manufacturers which may result in a shortage of some new vehicles or even a cut of some vehicle models. To counter this, manufacturers are holding good stock levels which means that now may be a great time to buy!
As WLTP is more accurate, the new test figures will most likely result in an increase in the declared fuel consumption and/or CO2 emissions figures that apply to your vehicle.
What does WLTP mean for you?
- An increase in fuel consumption and CO2 emissions figures will result in an increase in the VRT which will likely result in an increase in the vehicle’s purchase price.
- An increase in the vehicle’s purchase price will result in an increase in Benefit-in-Kind due to be paid by employees who have been provided with a company car.
- Increased CO2 emissions figures will also result in an increase in the vehicle’s Annual Road Tax.
- As the new testing will apply to all new vehicles registered from September 1st 2018, now may be a great time to buy before prices increase.
If you have any further questions, please contact our sales team today on 01-4605250.