All articles by MF Editorial
MF Editorial
New operational team at Lex
They are: Andrea Pendlebury, associate director of customer operations; Paul Gibbons, associate director of fleet admin; Dave Tanner, associate director of maintenance; and Paul Kerrigan, associate director of operational delivery.
GE Fleet
Petrol is starting to outshine diesel as the fuel of choice for company cars, according to GE Capital Solutions, Fleet Services quarterly Company Car Trends (Q2 2007) report For Q2 2007, only 1.6 per cent of fleets reported a rise in the number of diesels on their fleet compared to 25.1 per cent for the same period in 2006
Counting the costs
Counting the costs Failure by a party to a dispute to reasonably consider alternative dispute resolution procedures (ADR), including mediation, can result in severe costs sanctions being imposed by the court
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.
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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
Zenith Vehicle Contracts works fleet magic for Merlin
Insurance claims company Merlin Professional Claims Services has awarded the contract for its 100-strong fleet to independent lessor Zenith Vehicle Contracts
Lombard Vehicle Management secures Jewson LCV deal
Lombard Vehicle Management has won a contract to provide 600 light commercial vehicles to building products supplier Jewson and Saint-Gobain, a supplier of construction, manufacturing and consumer building materials The LCV fleet requirement includes specialist vehicles ranging from standard panel vans to dropsides, Lutons with tail-lifts and glass carriers, delivered in a variety of colours and liveries to support Jewson, Graham, Solaglas and other Saint-Gobain businesses,” LVM said.
Lack of sub-prime finance threatens part-exchanges
Lack of sub-prime finance threatens part-exchanges Dealers who fail to appraise part-exchanges realistically risk damaging their profits, Manheim has warned, as private purchasers grow ever scarcer, and trade buyers become choosier about the condition of the vehicles they will consider. Manheim Auctions & Remarketings MD Mike Pilkington said: Apart from general consumer concerns over car running costs, the credit crunch is restricting the number of potential retail buyers in the market.
Financier offers ‘time out’ to motor loan customers
Financier offers ‘time out’ to motor loan customers Carlyle Finance has introduced a new tool to help its dealer partners sell motor finance alongside cars: the “Time Out” loan. Designed to give customers a month off making payments every year, Carlyle said it expected the Time Out initiative to help dealers during what is a difficult time for motor retailers. Under the terms of Time Out, an agreement which would originally have run for 24 months will instead run for 26 (i.e. 24 2), and a 36-month agreement for 39 (36 3)