All articles by Isabella Grotto

Isabella Grotto

IASB and FASB fail to converge on lease accounting

Despite years of attempts, complete convergence on lease accounting has ultimately failed to materialise, as the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) prepare for their final meeting on lease accounting next month.

Car buyers increasingly cautious – The Funding Corporation

The number of car buyers “maxing out” their borrowing ability is on the decline as consumers choose vehicles priced below the loan amount they qualify for, according to motor finance lender The Funding Corporation.

Close Motor Finance expands motorcycle division

Close Motor Finance has added three motorcycle account specialists as part of plans to expand its service to dealers in the sector.

Car Loan 4U makes senior marketing and tech appointments

Macclesfield-based car finance provider Car Loan 4U has appointed Katy Lomax as marketing director and Martin Jones as chief technology officer, as part of an ongoing expansion strategy.

Passenger car registrations continue to rise in June – ACEA

Car registrations in Europe were up 4.5% in June compared to the same period in 2013, according to the European Automobile Manufacturers Association (ACEA).

Part-exchange vehicle values rise in June – Manheim

Part-exchange vehicle values increased an average of 1.8% to £3,135 in June compared to the previous month’s figure of £3,077, according to car auction company Manheim.

Used car values continue to climb – BCA

The average value of used cars has continued to climb, rising £174 in the second quarter of 2014 compared to the first three months of the year, according to the latest figures released by the British Car Association (BCA).

Battery lease schemes key to used EV sales

Car manufacturers who provide a battery lease scheme for used electric vehicles (EVs) will be rewarded by a “dramatic” increase in sales, according to Shoreham Vehicle Auctions.

Intelligent Car Leasing first ever to accept Bitcoin

UK lease broker Intelligent Car Leasing is to accept Bitcoin as a method of payment for the handling charge on all new cars leased.

Renault registrations soar in Europe

French car manufacturer Renault saw its sales increase 13% in Europe during the first six months of 2014, according to mid-year sales figures released this week.