All articles by MF Editorial
MF Editorial
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.
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
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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
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.