All articles by Jo Tacon
Jo Tacon
Federation looks at ‘car dealer bank’
The Retail Motor Industry Federation (RMIF) is looking into setting up a standalone motor finance industry facility.
Lessor grows SME business by 50%
Deliveries of fleet vehicles to SME customers of Lombard Vehicle Management grew by 50 percent in the past year, the leasing company said.
Innovative company car scheme for accountancy firm’s staff
Working in conjunction with an established contract hire provider, professional services firm Deloitte has announced an innovative new company car scheme for its staff, which it said is unique in the UK.
Best practice in company car management
Fleet consultant Colin Tourick is the editor of a new book, Managing Your Company Cars: Expert Opinion, which, in over 550 pages, sets out best practice in this complex area.
Going against the flow
Jo Tacon asks Gary Jennison why he thinks now is the time to enter the non-prime lending arena.
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Walden prepares to leave Lex, as Stead takes reins at combined fleet lessor
Jon Walden, managing director of Lex since 1999, is to leave the business at the end of March.
New player in non-prime PoS finance
A new player has entered the non-prime point-of-sale motor finance market. Moneyway is already operational, and started lending to dealers on 3 February– even though the decision to set up a motor finance company focusing on non-prime and near-prime customers was only made in November, said CEO Gary Jennison.
Editor’s Letter: All change at the top
The announcement by Lloyds Banking Group that it is to combine its two fleet arms, Lloyds TSB Autolease and Lex, heralds a sea-change in the UK fleet market (see Walden prepares to leave Lex, as Stead takes reins at combined fleet lessor).
Managing the downturn
Jo Tacon finds that now more than ever, keeping up with the back-end of the lending processis taking centre stage for motor lenders.
Fleet lessor closes to new business
Fleet management and leasing company Siemens Motor Contracts (SMC) has closed to new business as of mid-December.