All articles by MF Editorial
MF Editorial
LCV rental specialist expands further
LCV rental specialist expands further Light commercial vehicle hire specialist Northgate plc has released its half-year results, which show that profits before tax grew by 16 per cent to £43.9m in the six months to October 31 2007 – and announced on the same day that it has acquired Hampsons Self Drive Hire Ltd.
Interest rtes cut the ‘right call’
Interest rates cut the ‘right call’ The Bank of England’s decision to cut interest rates by 25 basis points to 5.5 per cent on December 6 was welcomed by the Retail Motor Industry Federation’s Sue Robinson, director of the National Franchised Dealers Association, who said: “With consumer confidence fragile, the Bank of Englands decision to cut interest rates was the right call.”
Vauxhall retailers give BEN an early Christmas present
Vauxhall retailers give BEN an early Christmas present The motor industry charity BEN was the grateful recipient of a munificent donation from the Vauxhall Retailer Association
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
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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?
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”