All articles by Verdict Staff

Verdict Staff

Features

Across the pond

Cash is increasingly popular for purchases, lending criteria becoming more difficult to determine. NEW PURCHASESSour investments spur cash sales While some people are counting their pennies, others are putting down thousands of dollars in cash for new and used vehicles.

Behind the figures

Each month, Motor Finance analyses results posted by lessors and finance companies over the previous four weeks to discover the latest trends in the industry.

Software and systems update

Leasedrive Velo launches mileage capture product Vehicle management provider Leasedrive Velo has launched a new mileage capture product.

On the move

Nigel Steads two-year tenure as chairman of the BVRLA has come to an end, and Kevin McNally has been named as the associations new chair. McNally is regional senior vice-president for Northern Europe and the Americas at lessor LeasePlan.

Across the pond

The days of lenders wooing dealers with fancy vacations and front-row tickets to baseball games are gone. Thanks to the tightening credit market, dealers are now courting lenders while trying to learn the ins and outs of what financiers want.

Tony worthy: Motor month

New car registrations fell by 24 percent in April. The market has fallen by 245,184 units or 28.5 percent during the first four months of 2009. Diesel penetration has slipped, but demand for small cars continues to grow.

Mandelson rebuked by BoE for car finance aid ‘delay’ comments

The Bank of England has denied it is to blame for delays to a scheme to give liquidity assistance to car finance firms.

Fleet deals

Tusker acquires Allen Fleet Services…Charity renews its company car fleet…Saab Contract Hire closes its doors…

Software and systems update

Two new deals for fleet software firm…Swiss software system selected by Mazda…IT firm has designs on brokers…

On the move

Andy Bell, director of First Vehicle Leasing, has been named as director of the National Association of Commercial Finance Brokers vehicle finance division…Charles Peugeot has been tapped to head up Citron UKs new CV sales division