All articles by MF Editorial

Phone still beats web among fleet customers, survey finds

Fleet customers still prefer telephone to internet for a variety of services, according to a survey by Lombard Vehicle Management

Heart of Midlothian gets 24 Citroëns from Lex

Football club Heart of Midlothian has taken delivery of 24 Citrons in a deal arranged by David Reid of M&D Vehicle Management, with contract hire provided by Lex on a two-year, 20,000 mile basis

Car sales scam hits lessors

Car sales scam hits lessors A substantial motor fraud in South Wales has left over 30 finance companies facing losses, while consumers face repossession of new cars which they thought they had purchased outright for cash.

Merger to create motor finance giant

Merger to create motor finance giant Fundamental changes in the fleet and motor finance market are on the horizon, following last months dramatic news that two of the UKs largest banks are to combine their operations.

More regulation on the horizon?

Regulation is a hot topic at present for Europes automotive finance and leasing industry, going by the subject of discussions at this months Leaseurope and Eurofinas joint annual convention Although the sun made a good showing over Madrid, a sober atmosphere prevailed over the two-day event entitled Navigating through change after rounds of frank opening speeches set the predictably unhappy economic scene.

Barclays Asset & Sales Finance closes to broker-introduced business

Barclays Asset & Sales Finance offers vehicle finance – hire purchase and finance leases – to clients, as well as financing a wide range of other types of assets.

GMAC UK not following US arm’s lead in restricting loans

While GMAC in the US has restricted car loans to non-prime consumers, the former captives UK arm has not significantly slowed its support for new car approvals, said managing director for sales and marketing, Dennis Foley There has been a very slight tightening in GMAC UKs underwriting due to overall economic conditions, but we are still working together with General Motors GM and Vauxhall to support dealers and customers.

Carrier Letter

Provecta ECO arrangement gives green cars for Fitzpatrick staff

Contract hire firm ALD Automotive has signed a three-year tyre management contract with Kwik-Fit Fleet, developing a four-year partnership between the 47,000-strong fleet operator and the maintenance provider, which has 670 centres and 200 mobile units The contract will offer 247 service to ALD customers through Kwik-Fits Fleet Service Centre, plus tyre safety checks as part of ALD Automotives DriveSafe suite of risk management initiatives.

JATO: Tough market conditions hit Europe’s YTD new car sales

JATO: Tough market conditions hit Europes YTD new car sales EDITED PRESS RELEASE Market down 2.3% Year-to-Date (YtD) Market down 8.7% in June