All articles by MF Editorial
MF Editorial
Dealers urged to safeguard customer data
The National Franchised Dealers Association (NFDA), part of the Retail Motor Industry Federation, has warned dealers that they need to take more care with customers’ data to avoid falling afoul of the Data Protection Act.
Fleet provider plans double-digit growth
Fleet provider plans double-digit growth Fleet solutions provider Fleet Alliance is predicted to deliver around 3,600 new vehicles during 2007, according to managing director Martin Brown
Layne Consulting: New PoS system comes to market
Layne Consulting: New PoS system comes to market A new point-of-sale IT system for motor dealers and motor finance brokers is about to be launched While promising to provide the full feature set of traditional bespoke asset finance systems, such as CAP data, bank and address validation, and text message updates, POS Xpress will be offered to customers on a pay-as-you-go basis, said director Daniel Layne
Views sought on PPI
Views sought on PPI As part of the ongoing investigation into the way payment protection insurance (PPI) is sold, the Competition Commission has published a consultation document on its emerging thinking on the PPI sector, and has said it is far from making up its mind on how the product is sold
Orientalisation of UK motor industry?
One question is are there potential implications for the automotive industries and vehicle financial services?
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HR Owen mystery bidder backs off
HR Owen has announced that preliminary discussions with a potential bidder have come to nothing, after the unnamed interested party decided it no longer has a strategic interest in making an offer for HR Owen, the retail chain announced. Chief executive of HR Owen, Nicholas Lancaster said: Whilst this unsolicited approach was an encouraging endorsement of our strategy to focus on our luxury and specialist dealerships, as a board, we are unanimous in our belief that HR Owen continues to have an excellent future and we remain confident that we will, over the coming years, deliver significant shareholder value.
Arval warns of the ‘grey fleet’ danger
Arval defines the grey fleet as “drivers who use their own car for business travel and that often sit outside the normal company car policing, reporting and communication channels”
GMAC parent to bid for Northern Rock?
The private equity group Cerberus is reported to be interested in acquiring troubled UK mortgage lender Northern Rock
Motor Businesses’ insolvency down 19 per cent
Motor Businesses’ insolvency down 19 per cent Research by Experian, the global information solutions company, has found that failures amongst motor traders fell by 18.8 per cent for the third quarter of 2007, compared to the same period of the year before These figures come from a review of 34 industries in the UK, which also identified that the number of businesses going bust this year dropped by an overall 27.2 per cent the fourth biggest improvement compared to other business sectors
Bearing Point: Fleets going for independents
Bearing Point: Fleets going for independents The flow of fleet servicing business to non-franchised dealers looks set to grow, Brian Rogerson finds