All articles by MF Editorial
MF Editorial
FMG Support wins Autolease contract
Lloyds TSB Autolease has awarded a three-year contract to provide accident and incident management to FMG Support, following a competitive tender.
Ratings warnings for Banque PSA and RCI Banque
The grim outlook for the motor industry has prompted a warning over possible ratings downgrades for two captive finance companies.
Welcome Finance stops new business
Welcome Finance is to stop lending to new customers, it was announced.
Lombard Vehicle Management grows SME business by 50 per cent
Deliveries of fleet vehicles to SME customers of Lombard Vehicle Management grew by 50 percent in the past year, the leasing company said.
BCA: Used car values rise in December
Auction house BCA has reported a modest rise in used car values in December, with an average price across all sectors of £4,836 – a £13 betterment month on month.
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New CEO at the RMIF
Rob Foulston hasbeen appointed chief executive of the Retail Motor Industry Federation (RMIF).
Data provider bought by US firm
US firm Solera Holdings has bought vehicle validation services provider HPI for $117.4m (£82.1m).
December new car sales show further fall
The number of new cars sold in December fell by 21.2 per cent to 108,691 (Dec 07: 137,960), a fitting end to a dismal year for car retailers.
In the public interest
John Maslen finds that lessors prepared to commit for the long term can find public sector fleets a fruitful source of business.
Interest rates cut to historic low of 1.5 per cent
The Bank of England today announced that interest rated are to fall to their lowest ever level– 1.5 per cent.