All articles by MF Editorial
MF Editorial
Rate cut the ‘right call’
Rate cut the ‘right call’ The Bank of England’s decision to cut interest rates by 25 basis points to 5.5 per cent on December 6 was welcomed by the Retail Motor Industry Federation’s Sue Robinson, director of the National Franchised Dealers Association, who said: “With consumer confidence fragile, the Bank of Englands decision to cut interest rates was the right call
Worsening outlook for motor finance
Worsening outlook for motor finance Maryann Tan takes a look at the year-end picture for motor lenders and lessors against the backdrop of the worsening credit crunch Turmoil in the financial markets, casually brushed off only months ago as an incident from which the motor finance market was fairly insulated, is beginning to have knock-on effects on the sector
Captive restructures its divisions
Captive restructures its divisions BMW Group Financial Services (BMW GFS) has restructured its management team and subsidiaries following a strategic review, BMW GFS chief operating officer Richard Schooling told Motor Finance.
Festive cheer?
A headline from Motor Finances April edition seems prescient: US mortgages cause trouble for motor finance house The financier in question was GMAC, whose ResCap mortgage subsidiary reported pre-crunch operating earnings in 2006 of only $182m – down substantially from 2005s comparable figure of $1bn
Emissions data to benefit used car dealers
Emissions data to benefit used car dealers With Vehicle Excise Duty (VED) on high CO2-emitting vehicles due for a hike next year, and, to a lesser extent, the growing number of carbon conscious consumers, used car dealers are finding it worthwhile to include CO2 emissions data to the profiles of cars they sell even though they are not legally obliged to do so.
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On the road to adding value
On the road to adding value John Osborne assesses the impact of telematics on asset management for fleets and finance companies
PPI guide for consumers published
PPI guide for consumers published A guide to payment protection insurance (PPI) that will be made widely available to consumers has been launched by the Finance & Leasing Association (FLA), in conjunction with the Association of British Insurers (ABI).
Captive’s Q3 results down, but still profitable
Captives Q3 results down, but still profitable Ford Motor Credit (FMC) has reported a pre-tax profit of $546m (£259m) in Q3 2007, down from $730m (£346m) in the same period last year.
Sting in the tail
As author of the e-book An Insider Guide To Car Finance I am now starting to receive complaints and questions from customers who feel that they are being ripped off by the end of contract charges imposed by just a few contract hire companies
Q3 profits up at BMW Financial Services on back of strong sales
Q3 profits up at BMW Financial Services on back of strong sales The finance arm of manufacturer BMW has reported strong results for the third quarter Revenues at BMW Financial Services were up 32 per cent to 3.6bn (£2.5bn) (compared with 2.7bn (£1.9bn) in Q3 2006) and profit before tax grew by 4.9 per cent to 191m (£133m), from 182m (£127m) in the same period last year In the nine months to September 30 2007, revenue at BMW Financial Services grew by 21.6 per cent to 10.1bn (£7bn), and profit before tax increased by 5.2 per cent to 563m (£392m).