All articles by Verdict Staff
Verdict Staff
VWFS global results spur target of 10m cars
The Volkswagen Group has declared its ambition to sell 10m vehicles in a year is on track following 8.3m vehicle deliveries in 2011 and buoyant revenue across the group, including Volkswagen Financial Services (VWFS). VWFS operating profit for the year was 1.2 billion (£1bn), up 28.76% from 932m (£784m), and leading Volkswagen to declare it a key success driver VWFS signed off 3.1m new finance, leasing and insurance contracts worldwide in 2011, an increase of 16.2 per cent compared with 2010, and following the announcement late last year of grand plans for European market growth.
Optimistic’ independents approve 50% of loans
According to exclusive research conducted by Motor Finance last month, just under half of all proposals sent to independent finance houses are being approved, with 60% of this amount being approved automatically.
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Where prizes are tangible, loyalty follows
Consider the recent Bribery Act when incentivising your sales staff, says Peter McDonnell.
FLA Vehicle Recovery Scheme (in association with HPI Crushwatch)
FLA Vehicle Recovery Scheme data (in association with HPI Crushwatch)
On the move
Formerly MD of Renault Retail Group, he led a strong resurgence in the companys results, most recently achieving a return to a 5% market share last year.Darren Payne has been appointed as sales director for Renault UK Formerly director for fleet and commercial vehicle operations, Payne now heads a sales department combining the previously separate commercial operations (sales network and franchising operations) and fleet and commercial vehicle operations departments.
FLA motor finance statistics
November 2011 data and analysis from the FLA for new and used cars, bought by consumers and business.