All articles by Verdict Staff

Verdict Staff

Cutting carbon, cutting costs

Steve Moody finds how leasing firms are coping with the green agenda during an economic downturn As the recession hit hard, many business sectors were concerned that the green project had been derailed, with survival and cost cutting the boardrooms preoccupation

On the move

A round-up of motor finance and fleet leasing industry people moves in October

Software and systems update

Monthly round-up of technology and systems news in the motor retail finance and fleet leasing world

Fleet deals

Over 350 Fiat commercial vehicles are to be delivered to Scottish Southern Energy (SSE), thanks to a five-year, fully maintained contract hire deal funded by Lex Autolease. The vans – a mix of Fiorinos and Doblo Cargos – have been prepared to the energy companys specifications, said Fiat Professional, which is supplying the CVs, with a newly-designed bespoke racking system, while the Fiorinos come with passenger airbag, larger 15-inch wheels, Michelin energy saving tyres, parking sensors and panelled bulkheads

Behind the figures

Each month, Motor Finance analyses results posted by lessors and motor financiers over the previous four weeks to discover the latest trends In a difficult year for captive motor finance providers, Volkswagen Financial Services (UK) Limited (VWFS) saw the repercussions of the financial crisis on its bottom line.

Barclays’ challenge to PoS sales ban partially successful

The Competition Appeal Tribunal (CAT) has ruled the CC must revisit its decision, included in its proposed remedies package, to impose a ban on selling PPI at the same time as a credit agreement known as the point of sale prohibition (POSP) as the CC had, in the CATs view, not sufficiently considered the loss of convenience for consumers.

Behind the figures

Reporting on an exciting future ahead, Leasedrive Velo Limited reported 10 percent growth in turnover, to reach £15.7 million in the year ending 31 December 2008

Behind the figures

With the cost of sales nearly doubling, BMW Financial Services (GB) Limited made a pre-tax loss of £84.5 million in the year ending 31 December 2008, down from a profit of £24.6 million the previous year.

On the move

Industry group the SMMT has created the position of business development manager for electric vehicles

Features

Tony Worthy: Motor month

New car registrations rose 6 percent in August to 67,006 units This was the second successive month of growth and builds on the 2.4 percent gain in July, as the scrappage incentive scheme continues to influence the market positively.