All articles by MF Editorial
MF Editorial
An expensive oversight
But the case below is a timely reminder that, even where a party is successful, a failure to provide an accurate and realistic costs estimate at the outset of the case, or to update it at regular intervals when the estimate is exceeded, may lead to the court imposing sanctions and restricting costs recovery
Lex: Daily customer service monitoring for dealers
Lex: Daily customer service monitoring for dealers Lessor Lex has introduced a new performance monitoring tool for the 1,800 dealers who service its clients cars, which will allow dealers to check the feedback they receive from Lex drivers – on a daily basis
Alphabet names short-sighted danger for fleets
Alphabet names short-sighted danger for fleets Fleet provider Alphabet has conducted a study into what it terms cant see, wont see drivers – namely those who need to wear glasses to drive safely yet take to the roads specs-less, even though by doing so they run the risk of prison time if an inability to see is found to be a contributory factor in a serious crash
Experian: Dealer failures fall, but sector still under pressure
Experian: Dealer failures fall, but sector still under pressure In Q3 2007 business failures among dealers fell by 18.8 per cent compared with the same period in 2006 – but this does not necessarily mean that the sector is in good health, data company Experian has warned
New PoS system comes to market
While promising to provide the full feature set of traditional bespoke asset finance systems, such as CAP data, bank and address validation, and text message updates, POS Xpress will be offered to customers on a pay-as-you-go basis via its internet site, http:www.posxpress.co.uk, said director Daniel Layne
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Icenet: Prestige broker deal win for IT company
Icenet: Prestige broker deal win for IT company Icenet has won a deal with Oracle Finance (Oracle) to implement its automotive software system Peter Brook, director at Oracle explained that the companys previous system could no longer cope with the volume of transactions and staff were constantly tied up with keying in applications to funders systems. As the business expands further, he said, this would have left us open to inefficiencies, missed opportunities and slow service levels, which is unacceptable in this marketplace
Credit Crunch: ‘Worst has passed’?
Initially triggered by difficulties in the US sub-prime market, the crunch has seen many financial institutions lose a lot of money as collateralised debt obligations – which bundled up sub-prime consumer credit products into tradable investment vehicles – went sour amid rising levels of arrears and bankruptcy and a downturn in the US housing market
Car dealers not trusted with personal data
46 per cent of respondents to a poll carried out on behalf of data company Experian said they least trusted car dealers, ahead of insurance companies (34 per cent), internet companies (33 per cent), and national and local government (32 per cent)
And our survey said.
As an association, we are often approached by lenders and funders who are looking to use brokers a route to market. Many of these institutions, who have cut back on their own internal sales force, come on board as NACFB Patrons (lenders are not able to become members as they are not brokers themselves) to get access to that all-important broker market. Of course, becoming a Patron is no guarantee that brokers will choose to put business your way, although there is certainly evidence to suggest that the more involved with the Association a Patron becomes, the higher their profile with the members and therefore the more likely a broker is to use their services.
BMW Group creates two new divisions
BMW Group creates two new divisions Edited press release As part of the companys strategic realignment, the BMW Group will create two new divisions as of October 1, 2007 The new division Corporate and Brand Development, will be headed by our former director of corporate planning, Dr Friedrich Eichiner