All articles by MF Editorial
MF Editorial
Hammond Group: Dealer sets sights on growth
Hammond Group: Dealer sets sights on growth Brian Rogerson visits the Hammond Group to find how it is using technology to help it through the current market downturn As a family business with limited resources in staff and capital, the medium-sized East Anglia-based Hammond Group has achieved much with tight management control and adept use of technology
Corus contract extension worth £24m
Corus contract extension worth £24m Lloyds TSB autolease (LTSBa) has won a three-year extension of its fleet deal with steelmaker Corus, with the deal worth an estimated £24m up until the end of 2009.
A certain lack of certainty
A certain lack of certainty Sometimes I despair of government.This is not a party-political point, just the uninformed observation of a humble citizen who marvels at how with all those resources, clever people and committees, the government can still manage to mess things up This months example concerns the Assets Recovery Agency,which was set up to seize criminals illgotten gains.The Commons Public Accounts Committee has just announced that the Agencys launch was illplanned and its goals unrealistic.Worse, it has spent three times as much as it has recovered
£24m Lloyds TSB autolease deal with Corus extended
Lloyds TSB autolease (LTSBa) has won a three-year extension of its fleet deal with steelmaker Corus, with the deal worth an estimated £24m up until the end of 2009. LTSBa will provide Corus with a fleet of between 1,600-1,800 vehicles, with 600 new vehicles delivered every year on a contract hire basis with full maintenance and accident management cover.
Starter interrupt devices hit the UK
Starter interrupt devices hit the UK UK company is to launch starter interrupt devices for use in leased or financed cars, with the aim of cutting debtor delinquency rates
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Public sector: £270m government car leasing framework agreed
Public sector: £270m government car leasing framework agreed The government has developed a framework for car lease agreements, and has announced the names of the 10 fleet leasing companies who have been appointed as approved suppliers
New channels, new opportunies
Brian Rogerson sought the opinions of several motor leasing brokers to determine what degree they rely on the internet as a tool for obtaining and processing new business Q:How do you track, collect and process customer approaches via the online channel?
Customer segmentation could unlock potential in used car finance
Jo Tacon looks at the 2008 Used Car Market Report from BCA The annual Used Car Market Report from BCA is in its 18th year of publication, and presents a mixed picture of the health of the sector
First fines levied for PPI mis-selling in motor retail sector
The Financial Services Authority (FSA) fined GK Group Ltd, George White Motors Ltd, Ringways Garages (Leeds) Ltd, Ringways Garages (Doncaster) Ltd and Parks of Hamilton (Holdings) Ltd a combined total of more than £175,000 for “shortcomings” in the sale of PPI alongside car and motorbike loans The FSA had previously imposed public censures – but not fines – on motor retailers Eastern Western Motor Group and Cathedral Motor Company for failings in their PPI sales processes, in December 2006 and February 2007 respectively.
September an ‘exceptionally weak’ month for new car sales
New car sales tumbled last month amid plummeting consumer confidence The September figures from the SMMT showed that new car registrations were down 21.2 per cent year on year to 330,295 units