All articles by MF Editorial
MF Editorial
Fleet RVs suffer November tumble
Fleet RVs suffer November tumble Average fleet and lease residual values fell to £6,714 in November, British Car Auctions (BCA) reported, down £293 on the previous month and £631 behind Septembers figure
Battle looms over “cooling-off” rights
In motor finance the most significant effect of the draft in its present form would be the introduction of a 14-day cancellation or cooling-off period after all consumer credit agreements are signed
Medium panel vans
Medium panel vans The one tonne, short wheel base van is the core of the used light van market
RMIF achieves record profit of £26m
RMIF achieves record profit of £26m The Retail Motor Industry Federation (RMIF) has gone from a loss in 2006 to a profit in 2007, thanks to the sale of its ReMIT training business in May 2006
Fleet lessor cuts a competitive edge
Fleet lessor cuts a competitive edge This September Zenith Vehicle Contracts won three new contracts to manage fleets totalling 265 vehicles The deals bring the total of Zeniths fleet, leased or under management, up to around 18,000 and were achieved only three months after the company completed its third management buy-out in less than four years.
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Dealer failures fall in Q3
Dealer failures fall in Q3 In Q3 2007 business failures among dealers fell by 18.8 per cent compared with the same period in 2006 – but this does not necessarily mean that the sector is in good health, data company Experian has warned.
Financier’s Q3 results hit by mortgage troubles
Financiers Q3 results hit by mortgage troubles Finance house GMAC has released its Q3 2007 results, showing a consolidated net loss of $1.6bn (£770m) for the quarter, up from a net loss of $173m (£83m) in the same period in 2006 The finance houses ResCap mortgage division reported an operating loss of $1.8bn (£863m), down from operating income of $83m (£40m) in Q3 2006, due to unprecedented disruptions in the mortgage financing markets and adverse trends in home price appreciation, GMAC said
The best way to defleet?
What is the best way for a contract hire company to defleet its cars
GMAC’s Q3 results hit by mortgage troubles
GMAC’s Q3 results hit by mortgage troubles Finance house GMAC has released its Q3 results, which show that the company has taken a significant hit from its exposure to the ongoing turmoil in the US sub-prime mortgage sector, and from disruptions in global capital markets The finance houses ResCap mortgage division reported an operating loss of $1.8bn (£863m), down from operating income of $83m (£40m) in Q3 2006, due to unprecedented disruptions in the mortgage financing markets and adverse trends in home price appreciation, GMAC said
Black Horse pilots new risk-based PoS tool
Black Horse pilots new risk-based PoS tool On November 1 Black Horse Motor Finance launched a pilot scheme to test AutoRate Plus, its new point-of-sale (PoS) tool.