All articles by MF Editorial
MF Editorial
Painful contractions?
As retail lenders and fleet lessors continue to amalgamate, and grow ever-larger, so the software infrastructure behind them requires greater capacity. Scalability has become the smart industry word and in its shadow has come several industry acquisitions especially from the US outwards.
Lessor wins £1.8m housing group deal
Lessor wins £1.8m housing group deal Fleet management and leasing company Lloyds TSB autolease (LTSBa) has won a deal to provide company cars and LCVs to the Orbit Housing Group Ltd, which manages over 27,500 homes and provides housing, care and support services.
Fleet lessor Ryland bought by Ogilvie
Fleet lessor Ryland bought by Ogilvie Fleet hire company Ogilvie Fleet has acquired Ryland Unity Vehicle Solutions from its parent, Rybrook Holdings
EurotaxGlass’s and Navteq to study impact of satnav on residuals
EurotaxGlasss and Navteq to study impact of satnav on residuals EurotaxGlass’s has teamed up with Navteq, a specialist in mapping and mobile navigation applications, to embark on three-year study on the impact of navigation systems on automotive residual values
Used vehicle values falling?
EurotaxGlasss has warned fleets that used car values will fall by an average £400 this year, because of the slowdown in the economy and because there are too many used cars for sale
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Fewer motor traders fold in 2007 but outlook still cloudy
Fewer motor traders fold in 2007 but outlook still cloudy Business failure among motor traders posted a 22.3 per cent decline in 2007 but the trend may be reaching a point of inflection, according to the latest insolvency figures from Experian, an information services company
Dispute over used price predictions
Dispute over used price predictions A disagreement over the direction of the used car market has arisen between the British Vehicle Rental and Leasing Association (BVRLA) and market information provider, EurotaxGlasss
Loss-making Summit sold
Loss-making Summit sold Cambria Automobiles Ltd is to acquire loss-making Summit Motors Investment (UK) Ltd, from its owner, Sumitomo Corporation of Japan
The on-off on-off balance sheet debate
The on-off on-off balance sheet debate Im not sure whether there was ever a Golden Age for the UK vehicle leasing industry but if there was one it was certainly before I joined in 1980 It must have been great in the Old Days when there were fewer contract hire companies, you could get bucket-loads of capital allowances on company cars and accounting standards were less prescriptive than they are now
£2.2m public sector fleet win for Inchcape FS
£2.2m public sector fleet win for Inchcape FS Inchcape Fleet Solutions (IFS) has won a £2.2m, three-year contract to provide fleet management services for the Maritime and Coastguard Agency (MCA), part of the Department for Transport, beating five other fleet management companies to the prize The deal will see IFS managing a fleet of cars and commercial vehicles for the MCA, and arranging fleet maintenance, fitting out replacement vehicles, arranging maintenance of boat trailers, disposing of surplus vehicles and accident management for the fleet of about 400 vehicles and 200 trailers, according to the contract award notice.