All articles by MF Editorial
MF Editorial
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
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.
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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.
Lloyds TSB autolease’s web route to a greener fleet
Lloyds TSB autolease’s web route to a greener fleet Lessor Lloyds TSB autolease (LTSBa) has launched a website that aims to set out to fleets exactly how they can run a safer and cheaper fleet and help the environment at the same time through implementing examples of green best practice
BCA: September RVs weaker
Despite ongoing uncertainty in the economy, the latest price data from BCA shows that average prices for used cars continued to rise in the third quarter However, September was relatively weaker than both 2006 and 2005, and there are concerns that values could come under pressure in the final quarter of 2007.
FLA publishes PPI guide for consumers
A guide to payment protection insurance (PPI) that will be made widely available to consumers has been launched by the Finance & Leasing Association (FLA), in conjunction with the Association of British Insurers (ABI). The guide, which explains the basics of PPI as well as what consumers should look out for when buying a PPI policy alongside taking out a credit agreement, can be found on the FLA website
The fleet finance outlook
The fleet finance outlook The general perception is that car leasing and contract hire is less exposed to credit crunch concerns compared with consumer car finance.The packaging of collateralised debt obligations for onward sale in financial markets whether through securitisation bond issues, or through the bank conduit vehicles of the kind that have hit liquidity problems in the funding of mortgage loan books has been used fairly widely in consumer car lending, but much less so in leasing and contract hire