All articles by MF Editorial
MF Editorial
One Stop Shop Finance wins supermarket supply deal
One Stop Shop Finance wins supermarket supply deal North-eastern vehicle and asset finance broker One Stop Shop Finance has agreed a deal with car supermarket Tyneside Autoparc to supply point-of-sale motor finance for all customers at the Autoparcs 25 individual used car dealerships.
FLA responds to interim Competition Commission report on PPI
FLA responds to interim Competition Commission report on PPI The head of the Finance & Leasing Association (FLA) has called for more standardisation of information when customers take out payment protection insurance (PPI) with finance agreements – but has argued that PPI still has an important role to play for consumers, despite recent controversy.
Gentoo group awards commercial vehicle contract
Gentoo group awards commercial vehicle contract Sunderland-based construction and housing amenities firm Gentoo Group has awarded a contract to supply vans to Daimler Fleet Management The total final value of the contract was £3.3m; in all, 19 fleet providers submitted tenders for the contract, with the deal awarded on the basis of cost (60 per cent weighting) and technicalqualityenvironment (40 per cent).
Auction sales starting to suffer from slowdown, says Manheim
Auction house Manheims monthly Market Analysis report shows that after a relatively strong first quarter of 2008, the UK wholesale used car market has certainly started to slow down mid-way through the second quarter.
JCT600 raises turnover but sees profits fall in 2007 results
JCT600 raises turnover but sees profits fall in 2007 results JCT600 raises turnover but sees profits fall in 2007 results The retail group JCT600 announced a mixed result in its 2007 year-end accounts, with organic turnover up 3.3 per cent year on year to £555m, but with like-for-like operating profits down 8.8 per cent to £14.9m, due to reduced margins in vehicle sales and increased expenses, JCT600 said.
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Credit crunch puts consumers off buying cars
Credit crunch puts consumers off buying cars A survey by Voxpopuk.com on behalf of an online retailer found that the majority of respondents said that the current credit crunch would not put them off buying big-ticket items such as a car.
Three fleet companies to share council contract
Three fleet companies to share council contract Arnold Clark Vehicle Management, Automotive Leasing and Ogilvie Fleet have been awarded contracts to provide East Renfrewshire Council with employee car leasing services. Whenever a new vehicle is required to replace a vehicle at the end of its three-year lease contract, the three fleet lessors will be invited to place bids for the new lease, with the contract then placed with the company which provides best value, said Diane Pirie, the councils corporate procurement officer.
Large panel vans
Large panel vans There is plenty of choice in the new van market for any business requiring a large van, and parcel delivery fleets, glazing companies, and contact hire organisations usually snap them up.
New motor finance division launched
New motor finance division launched Fortis Lease UK, part of the Fortis banking group, has established Fortis Vehicle Finance, one of four divisions within the lessors UK operations. This new business includes the companys vehicle finance-related activities, including retail motor point-of-sale finance, dealer vehicle stocking finance and fleet funding.
Zenith Vehicle Contracts buys Provecta
Independent vehicle leasing company Zenith Vehicle Contracts has bought employee car ownership specialist Provecta for an undisclosed sum The deal means that Yorkshire-based Zenith is now the UKs largest independent leasing, fleet management and vehicle outsourcing business in the UK with a combined fleet of some 26,000 vehicles, Zenith said. The tie-up also gives the Northern lessor a base in the South of England, as Provecta is headquartered in Reading.