All articles by MF Editorial
MF Editorial
Lessor doubtful of sale as crunch continues
Lessor doubtful of sale as crunch continues Fleet management and leasing company Leasedrive VELO is up for sale – but commercial director Roddy Graham told Motor Finance that the continuing uncertainty in the financial markets had probably scuppered the independent lessors chance of finding a suitable buyer in 2008.
Coping in a cold climate
In 2008 UK motor lenders are facing a completely different marketplace to even 12 months ago
Lloyds TSB autolease wins £1.8m housing group deal
Fleet management and leasing company Lloyds TSB autolease (LTSBa) has won a deal to provide company cars and LCVs to the Orbit Housing Group Ltd, which manages over 27,500 homes and provides housing, care and support services.
European auto ABS issuance grinds to a halt
European auto ABS issuance grinds to a halt The volume of European auto asset backed securities (ABS) issuance in 2008 will be hard-pressed to repeat the bumper performance of 2007, according to debt ratings agency, Fitch Ratings.
1,600-vehicle fleet deal for lessor
1,600-vehicle fleet deal for lessor Vehicle lessor Lex has announced the signing of a multi-million pound deal with Aviva, the UKs largest insurance group, to provide outsourced fleet services for Avivas 1,600 company car drivers.
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CASEBOOK: TITLE DISPUTES
CASEBOOK: TITLE DISPUTES Fairfax Gerrard Holdings Ltd and others v Capital Bank plc (now Bank of Scotland Plc by substitution) is a reminder that retention of title clauses are a clumsy and unreliable method of taking security over an asset, including over motor vehicles
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.