All articles by MF Editorial
MF Editorial
Vans for housing group
Vans for housing group Lombard Vehicle Management (LVM) has won a sole-supply agreement with Calico Housing to provide it with a fleet of car-derived Vauxhall vans on a contract hire basis. Calico facilities manager Julia Brown said: Lombard was our existing supplier, but we conducted a rigorous tender and they emerged as the clear winners. Burnley-based Calico manages 4,500 rented houses.
Colin Tourick
Inflation is creeping up, petrol prices have rocketed, government borrowings are rising, the housing market is in trouble and new car sales have slowed
Excellent year for captive in 2007
The lions share of Honda’s financial services businesses sales came from the North America operation, Honda Finance Corp (see table 1), where year-on-year net sales rose by 33 per cent to JPY483.9bn (£2.4bn), although all international regional groups saw sales increase, with particularly strong growth in Asia (excluding Japan), up 57 per cent
Welcome Car Finance cuts back non-prime lending
Welcome, part of Cattles plc, announced that, following a review of distribution channels and its product portfolio, it has made a business as usual strategic decision to stop working through third-party dealerships and brokers, in common with many lenders in the mortgage market, to maximise profitability whilst looking to grow the business in Welcome Car Finance.
ANZ firm looks to break into UK software market
A major player in Australia and New Zealand in the area of specialist software for the automotive sector has launched a UK business unit Turners NetResult (TNR) has achieved what it described as market saturation in the Antipodes for its software product offering, which are aimed at wholesale financiers, auction houses, remarketers and dealer groups
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Online rental management from Inchcape Fleet Solutions
Inchcape Fleet Solutions is to launch a web-based rental management system, IRental, at the end of April, which will allow customers to place, view and amend vehicle hire bookings 247 whilst also complementing the companys current rental process, IFS said.
New data transfer system for LeasePlan
LeasePlan has signed a deal with Riverbed Technology to deploy the technology companys wide-area data services system across its UK offices.
Vertu: 2008 results to meet expectations
Motor retail group, Vertu Motors plc is to report that full year financial results are in line with market expectations.In a trading update on March 5, Vertu said it expanded operations with the opening of a new Bristol Street Motor Nation used car outlet in Doncaster in March.
IMI backs launch of motor industry consulting group
A network of independently verified motor industry veterans, the Motor Industry Consultants Group (MICg) has been launched with the wholehearted support of the Institute of the Motor Industry (IMI), which said it originally initiated the group as a forum for like-minded members of the IMI.
Bad news inside a mixed bag
For the car finance sector, the main news coming out of the Budget statement on March 12 concerns capital allowances (CAs) and related aspects of business expenditure on cars, affecting contract hire and leasing deals.