All articles by Verdict Staff

Verdict Staff

Motor Month

The April registrations posted the best monthly growth of 2008, up 5,505 units to 175,668, with diesel market share hitting a record 45.4%

Motor Month

March car registrations were up 0.5 per cent to 451,642 for the month on 2007 figures Supermini registrations rose by up 4.3 per cent in the month to account for 35.3 per cent of the market Diesel and alternatively-fuelled vehicle volumes also grew, up 7.7 per cent and 14.7 per cent respectively

On the move

GE MONEY GE veteran and former GE Capital executive William Cary has been promoted to the position of president and chief executive officer of GE Money. Cary joined GE in 1986 as a member of the Financial Management Program and served in a number of financial positions. Since February 2006 has served as president and CEO of GE Money Europe, Middle East and Africa, the largest group within GE Money.

View from the US

View from the US As vehicle manufacturers and auto financiers struggle with declining sales volume, full-size sport-utility vehicles are only adding to their misery

Welcome H1 growth for non-prime motor lender

Welcome H1 growth for non-prime motor lender Hire purchase specialist Welcome has grown its turnover in the first half of 2007 by 51 per cent year on year to reach a total of £203m, it was announced The growth was achieved despite a slump in UK motor hire purchase over the period, with a 2.4 per cent overall decline recorded by the Finance & Leasing Associations statistics. Welcome, part of non-prime specialist Cattles plc, said the growth was due to the success of the divisions hire purchase field sales team in developing our national network of used car finance introducers.

On the move

Malcolm Earp has been appointed main board director at apd the automotive management and research company

Uncategorized

The changing landscape

At the recent LeaseuropeEurofinas Joint Annual Convention, the heads of many of Europes leading financial institutions gathered together to share information and to find out their peers views on the current issues making waves for everyone in the credit and leasing industries – and, of course, to say hello to old friends and new faces, and to catch up on industry gossip.

Uncategorized

Growth in H1 profits at international lessor

Growth in H1 profits at international lessor LeasePlan Corporation has released its H1 2007 results, which show that the international fleet management and leasing company made a net profit of 126.3m (£85.5m) in the six months to June 30 of this year LeasePlans total fleet under management increased by 1.8 per cent to 1.28m units, with the number of financed units growing by 1.3 per cent some 12,600 units to 960,000.The lessor now has a lease contract portfolio worth 13.7bn (£9.3bn), after growth during H1 of 3.6 per cent

On the move

Experian has appointed Charlotte Hogg as managing director UK & Ireland Prior to her engagement she was executive of Discover Financial Services and ran the NYSE-listed companys UK credit card business, Goldfish

Anti-vehicle fraud unit recovers cars worth £3.9m

Anti-vehicle fraud unit recovers cars worth £3.9m Since operations began in September 2007, the Association of Chief Police Officers Vehicle Crime Intelligence Service (AVCIS) has announced the recovery of 289 cars, worth £3.9m, on behalf of Finance & Leasing Association (FLA) members.