All articles by MF Editorial
MF Editorial
Arrears and debt collection: Preparing for trouble
Arrears and debt collection: Preparing for trouble As arrears increase and underwriting tightens motor lenders face an uncertain 2008, Brian Rogerson finds The Credit Services Association (CSA), which represents some 95 per cent of the UK debt collection industry, forecasts that the figure for the consumer credit total passed for collection will rise to around £22.7bn by the end of 2007 (see chart 1)
Sales of used superminis trump small family cars
Sales of used superminis trump small family cars The supermini compact cars like the Renault Clio and Nissan Micra has become a favourite of second-hand car buyers in the UK, according to information services company Experian. Latest used car statistics show that sales of superminis overtook sales of small family cars referred to as the lower medium segment to become the best-selling used car segment in the first half of the year
Car fleet win and carbon neutrality
Car fleet win and carbon neutrality Yorkshire-based fleet lessor Zenith Vehicle Contracts has won a deal to provide 300 company cars to Otto UK, a direct mail company.Terms for the deal were not announced
Pendragon: Profit forecast cut
Pendragon: Profit forecast cut Car dealer Pendragon has said that its profits for full-year 2007 will be £12m lower than predicted, sparking a 35 per cent slide in its share price.
A mixed year
A mixed year With the warm feelings that come from Christmas cheer and a large advocaat snowball I shall sit back and reflect on 2007 and sum it up from a brokers perspective The biggest event of the year for me was the sad loss of my best friend, confidant and advisor my mum, who has been the biggest supporter of mine and will be dreadfully missed
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Pendragon lowers profit forecasts
Pendragon lowers profit forecasts Car dealer Pendragon has said that its profits for full-year 2007 will be £12m lower than predicted, sparking a 35 per cent slide in its share price
Fleets’ carbon footprint falling
ALD Automotives study into company car emissions is therefore welcome news, as the fleet management and leasing company found that the CO2 output from the company cars it provides has fallen by 40 per cent in four years.
Arnold Clark: Scottish dealer looks south with acquisition
Arnold Clark: Scottish dealer looks south with acquisition Scotland-based dealer group Arnold Clark has increased its presence in the English motor retail market with the acquisition of Patterson Motor Group, for an unnamed sum
Business as usual’ as motor lender rebrands
Business as usual as motor lender rebrands Motor finance house Capital Bank has almost completed a large-scale rebranding effort, and from December 4 2007 will be known as Bank of Scotland Dealer Finance, reflecting its strong link to parent bank HBOS.
Riding out the storm
On September 26 2007 the Financial Services Authority (FSA) published the finding of its latest review of payment protection insurance (PPI) in the manner of a headmaster addressing errant schoolchildren.