All articles by Jonathan Minter
Jonathan Minter
Jonathan is the editor of Motor Finance magazine. You can reach him at jonathan.minter@verdict.co.uk
Record high used car values in July: BCA
The average value of a used car reached £7,706 in July, up £831 or 12% year-on-year, according to the latest data from the British Car Auctions (BCA) Pulse Report.
LaFerraris commanding £1m premium over list price: Oracle Finance
Ferraris hybrid supercar LaFerrari has been commanding premiums of £1m over its £1.2m list price, according to prestige car finance provider Oracle Finance.
Lloyds asset finance businesses post H1 growth
Lex Autolease and Black Horse, the asset finance businesses belonging to Lloyds Banking Group, recorded strong growth for the first half of 2013 in results posted today.
FCA: “the industry is starting to rise to the challenge.”
FCA chief executive Martin Wheatley has said there are signs that companies and boardrooms are beginning to pro actively make changes to put consumers “at the heart of the way they do business” in the FCA’s first Annual report.
H1 European car sales up 5.8%: JATO
European new car sales in the first half of 2014 were up 5.8% year-on-year, according to data provider JATO, after car sales in June grew 4.3%, compared to the same period in 2013.
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Swiss lessors could face hefty fine in price-fixing investigation
Switzerland’s antitrust regulator, The Competition Commission Secretariat Services (COMCO), is investigating nine motor leasing companies in the country on suspicion of collaborating over price.
American finance outpacing Western Europe: Linedata
Despite a return to growth over the past twelve months, a combination of regulation pressures, client behaviour and bank governance mean that the world is a different place for lessors in 2014, according to Linedata, who have termed this the new normal in its 2014 global lending and leasing survey.
Leaseurope asset finance director to step down
Jacqueline Mills, director of asset finance and research at Leaseurope, is to step down from her role and leave Leaseurope, effective 4 July 2014.
Dara Clarke, White Clarke Group passes away, aged 65.
Dara Clarke, chief executive officer of White Clarke Group, passed away on Sunday 25 May, after being struck by lightning while hosting a charity golf match in Watford the preceding Thursday.
Element to buy PHH Arval
Canadian equipment finance company Element Financial Corp is finalising a deal to buy US based PHH Corps auto fleet leasing business, PHH Arval, for approximately $1.4bn (1.0bn) after the boards of both companies approved the deal, Reuters is reporting.