All articles by MF Editorial
MF Editorial
Win for Camden Motor dealership
Win for Camden Motor dealership A motor dealer has won at least the first round in a significant VAT case involving commission receipts from finance companies On May 21 the London VAT Tribunal released its ruling in favour of Camden Motors (Holdings) Ltd, representing Vauxhall, Ford and Renault Nissan dealerships within its corporate group. Dealers recover in full the VAT paid on cars purchased for trading stock, since they must charge VAT on the onward car sales
Deal signed with non-GM manufacturer
Deal signed with non-GM manufacturer Fleet management and leasing company Masterlease has signed a deal with an unnamed manufacturer to provide it with white-label leasing services Robert Kingdom, head of marketing and business development at Masterlease said at the Motor Finance Europe conference: I cant announce the name, but we have just signed our first non-General Motors manufacturer white label, and we are in negotiations with two other providers.
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Tie-up with Vauxhall to target SME fleets
Lombard Vehicle Management (LVM) has announced a joint campaign with Vauxhall to market the manufacturers cars and vans to SMEs, with specially-negotiated rates LVM said that almost every Vauxhall model and derivative is available, with prices predicated on a three-year, 30,000 mile basis The push is part of its strong ongoing commitment to SMEs, LVM said
RMIF buys back parts of ReMIT
The Retail Motor Industry Federation (RMIF) is to buy back some parts of the ReMIT training business from the administrators of Carter & Carter Group, which collapsed following the death of its founder and chief executive Philip Carter in a helicopter crash in May 2007
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Lessors urged to back Roadsafe campaign
Consultancy RoadSafe is calling on fleet and leasing companies to support its government-backed Driving for Better Business campaign, which aims to promote safety among business drivers.
Rebrand and new strategy for Arnold Clark VM
Arnold Clark Finance, the contract hire subsidiary of the Scottish dealer chain, has rebranded to Arnold Clark Vehicle Management (ACVM). A spokesperson for ACVM said that the new name better represented the companys comprehensive range of vehicle leasing products and services, as well as its commitment to customer services. The management team has not undergone any changes as a result of the rebranding exercise, and there will be no change to activity at the dealership level.
Budget 2008: Fuel tax rise postponed
The proposed rise in fuel duty has been postponed from April 2008 until October 1 2008, chancellor of the exchequer Alastair Darling announced in todays Budget speech.The decision was cautiously welcomed by both the RAC and the AA.
Dealers urged to plan for emergencies
A new consultancy has been launched with the aim of helping motor retailers put business continuity plans in place to help them cope with unexpected setbacks – such as the credit crunch of recent months, or last years devastating floods across large swathes of the UK.
Promising the earth
Many software providers believe their clients have misconceptions regarding systems updates A common accusation is that lenders and brokers underestimate the amount, and level, of resource that will be needed to be assigned to a successful system implementation.