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).
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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.