All articles by MF Editorial
MF Editorial
Sharing the benefits and spreading the cost
One new trend which may in the future have an impact on the numbers of company cars on the road is car-sharing, which is becoming easier to organise thanks to the internet, and thanks to official support from the government. Car-sharing is still a niche activity, which is unsuitable and impractical for a majority of employees However, anecdotal evidence would suggest that rising fuel costs are encouraging growth in formal and informal sharing arrangements
Stamp of approval for defleet service provider
Royal Mail has chosen Manheim Auctions as the regional de-fleet auction centre for the North East and Scotland
Low emission vehicles sub-120g km
It will come as no surprise to anyone involved in used cars that the combination of rising fuel prices, the threat of increased Vehicle Excise Duty and the economic downturn has dampened motorists enthusiasm for bigger, thirstier cars
Five-year LCV contract hire deal for housing group
The entire fleet of residential rental and leasehold management company Nottingham City Homes is to be replaced with over 300 Citron Dispatch and Relay vans The new fleet contract was arranged by Citron dealer Springfield Motor Group, with contract hire provided by Grosvenor Contracts Leasing
Welcome Car Finance’s increase in H1 pre-tax profits
The car retail and hire purchase division of financial services group Cattles, Welcome Car Finance (WCF), has grown its pre-tax profits for the six months to June 30 2008 by 88 per cent compared with the same period last year, to £3.7m (H1 2007: £2m) Vehicle sales across WCFs 12 outlets grew by 10.8 per cent to 7,455 units, boosting income by 12.8 per cent to £58.6 per cent (H1 2007: £51.9m)
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Network’s brokers to get BVRLA accreditation
Membership of the association is one of the measures Network, part of LeasePlan, announced to its fleet brokers as part of a programme of changes to the way Network does business, in order to improve standards among its fleet brokers
New consultancy package for SME fleets
New consultancy package for SME fleets Fleet management consultancy Fleet Operations has launched Fleet Complete, a package aimed at SME fleets of between 5-200 vehicles.
US financier restricts lending
US financier restricts lending The US arm of finance house GMAC is to restrict its new car finance to prime customers in a move which could spell further trouble for GMACs former parent, General Motors.
Private purchasers: Not so innocent?
A recent FLA briefing looked at the issue of so-called innocent private purchasers of repossessed cars who are not what they seem Jo Tacon reports on a thorny problem for financiers A hire purchase customer defaults on a car loan The finance companys arrears management process swings into action; the car is eventually tracked down and repossessed
Strong Q3 revenue growth for Banque PSA Finance
The captive finance arm of PSA Peugeot-Citron, Banque PSA Finance, has reported Q3 sales growth year-on-year of 7 per cent to 534m£457m (Q3 2007: 499m£427m) – despite sales at its parent company falling by 7.1 per cent to 10.2bn (£8.7bn)