All articles by MF Editorial

Recycling initiative in Lombard Vehicle Management van deal

LVM general sales manager Matt Dale said: With the ability to manage entire van builds and supply chains in-house it was a natural step to develop this service, especially at a time of increasing pressure on costs and environmental concern.

Leasedrive Velo’s £2.1m sale-and-leaseback deal

Commercial director of Leasedrive Velo, Roddy Graham said that the leasing companys transparent approach along with its online fleet management system Drive:Manager had been key deciding factors in Palmer & Harveys choice, which followed a competitive tender.

Advantage Finance profits up 30 per cent in H1

Advantage Finance, a specialist sub-prime motor finance lender, has grown its audited profits for the six months to July 2008 to £1.6m, up 30 per cent compared with the same period in 2007

Remarketing agreements with Manheim extended

Remarketing agreements with Manheim extended GMAC Finance and FCE Bank have extended their agreements with Manheim Auctions The auction company will dispose of vehicles returned to GMAC through early termination, repossession or from PCP customers for three more years from 2009 Manheim will run a dedicated sales programme for GMACs fully reconditioned stock at five of its auction centres Bristol, Birmingham, Glasgow, Rotherham and Wimbledon

Network’s brokers get accreditation

Membership of the association is one of the measures Network, part of LeasePlan, announced to its fleet brokers as part of a programme of changes to the way Network does business, in order to improve standards among its fleet brokers.

Facing a decade of change

Stuart Walker discusses the challenges facing public sector fleets Public sector fleets have hit the headlines in recent years

Alphabet and Alphera temporarily close to new business

BMW Group has “temporarily” ceased new business origination at Alphabet and Alphera, the manufacturer said

Liquidity shortage causes increased caution in car replacements

Tesco staff offered personal leasing pilot with Lombard Vehicle Management

The staff of UK supermarket Tesco have been offered personal car leasing through a tie-up between the supermarket and fleet management and leasing company Lombard Vehicle Management The scheme, accessed through a password-protected website, is separate from Tescos company car scheme for staff, said Tesco spokesman Matthew Dransfield While Tesco employs over 250,000 people in the UK, making it the countrys largest private employer, the number of those eligible for the private leasing scheme was not disclosed.

GMAC Financial Services reports loss of $2.5bn

GMAC Financial Services reports loss of $2.5bn GMAC Financial Services, the automotive, real estate, insurance and commercial business financier, reported a net income loss of $2.5bn for the second quarter of 2008, down $2.7bn from a net income gain of $293m in Q2 2007. GMACs loss was predominantly the result of $716m impairment in vehicle operating lease assets in the automotive finance business, due to declining vehicle sales and lower prices for some used vehicles segments