All articles by MF Editorial
MF Editorial
Strong fleet growth for European lessor
BNP Paribas-owned pan-European lessor Arval has reported strong growth in its leased fleet of 8.7 per cent in 2007, against the background of a total fleet leasing market that grew by only 1.7 per cent Arval currently leases some 538,000 vehicles, with a managed fleet of another 90,000, meaning it operates 628,000 vehicles overall and is the second-largest European fleet lessor
Alliance & Leicester Commercial Bank funds new premises for dealer
Sportscar dealership Boss Performance of Bury, Lancashire, has bought new multi-million pound premises using funding provided by Alliance & Leicester Commercial Bank (A&LCB)’s Manchester Business Centre.
Rapid Response Vehicles for ambulance service from ING Car Lease
Contract hire company ING Car Lease is to provide 80 Rapid Response Vehicles (RRVs) – specially converted Vauxhall Zafiras – for Yorkshire Ambulance, on a four year100,000-mile lease contract.
Profits up for HR Owen
Luxury retail specialist HR Owen announced that it made pre-tax profits of £2.8m for the year ended December 31 2007, up from £0.7m in the year-ago period.Revenue swelled from £159m at the end of 2006 to £184m, up 15 per cent.
Banque PSA Finance delivers strong 2007 results
Banque PSA Finance (BPSAF) has released its annual results for 2007, which show that the captive managed to grow operating income by 0.7 per cent to 608m (£462m), despite what it described as a highly volatile banking environment. Net banking revenue was up by 2 per cent year on year, to 981m (£745m) (2006: 962m £730m).
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icenet provides growth platform for northern broker
North Riding Finance (NRF) was established some eight years ago. Its head office is in Harrogate with other branches at Hull and Barnsley. It sources business principally from motor dealers over the north of England and deals predominantly in prime motor deals with some non-prime included as appropriate. It has a panel of around 15 funding sources all well-known names.
Citroëns delivered to hire firm
Citrons delivered to hire firm Eurodrive Vehicle Rental has taken delivery of 20 Citron vehicles, split between cars and light commercial vehicles, supplied by the Citron Coventry dealership with the vehicles supplied through a 12-month, 20,000-mile non-maintenance hire contract arranged through Citron Contract Motoring
HMRC opens door to more claims following VAT decision
HMRC opens door to more claims following VAT decision EDITED PRESS RELEASE Motor retailers will be able to reclaim even more overpaid VAT following a decision made by HM Revenue & Customs (HMRC), according to the RMIs National Franchised Dealers Association (NFDA).
RCI Banque achieves pre-tax profit of ?460m in 2007
RCI Banque achieves pre-tax profit of 460m in 2007 A 6 per cent fall year on year saw RCI Banque, the financing arm of manufacturer Renault, make a pre-tax profit of 460m (£348m) in the 12 months to December 31 2007, with net profit at 316m (£239m)
Microvans
For the second user who does not need huge load carrying potential, such as pizza delivery or florists, mobile hairdresser or security guard, the microvan can be a practical choice cheap to buy and run, individual to look at, easy to drive and park and doesnt fill up the drive or block the light from the neighbours living room