All articles by MF Editorial
MF Editorial
Citroëns delivered to hire firm
Citrons delivered to hire firm Eurodrive Vehicle Rental has taken delivery of 20 Citron vehicles, split between cars and light commercial vehicles, supplied by the Citron Coventry dealership with the vehicles supplied through a 12-month, 20,000-mile non-maintenance hire contract arranged through Citron Contract Motoring
HMRC opens door to more claims following VAT decision
HMRC opens door to more claims following VAT decision EDITED PRESS RELEASE Motor retailers will be able to reclaim even more overpaid VAT following a decision made by HM Revenue & Customs (HMRC), according to the RMIs National Franchised Dealers Association (NFDA).
RCI Banque achieves pre-tax profit of ?460m in 2007
RCI Banque achieves pre-tax profit of 460m in 2007 A 6 per cent fall year on year saw RCI Banque, the financing arm of manufacturer Renault, make a pre-tax profit of 460m (£348m) in the 12 months to December 31 2007, with net profit at 316m (£239m)
Microvans
For the second user who does not need huge load carrying potential, such as pizza delivery or florists, mobile hairdresser or security guard, the microvan can be a practical choice cheap to buy and run, individual to look at, easy to drive and park and doesnt fill up the drive or block the light from the neighbours living room
Woolley steps down at Black Horse
Woolley steps down at Black Horse John Woolley will be stepping down as managing director of Black Horse Motor & Leisure finance at the end of March by mutual agreement
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Cross-border VAT loophole to close
Cross-border VAT loophole to close In December the EU’s Ecofin inter-governmental council reached agreement on new VAT rules for determining the place of supply of services for cross-border transactions like car fleet leases
Welcome H1 growth for non-prime motor lender
Welcome H1 growth for non-prime motor lender Hire purchase specialist Welcome has grown its turnover in the first half of 2007 by 51 per cent year on year to reach a total of £203m, it was announced. The growth was achieved despite a slump in UK motor hire purchase over the period, with a 2.4 per cent overall decline recorded by the Finance & Leasing Associations statistics. Welcome, part of non-prime specialist Cattles plc, said the growth was due to the success of the divisions hire purchase field sales team in developing our national network of used car finance introducers.
Supermini MPVs
Supermini MPVs The Supermini-MPV is a relatively recent attempt by manufacturers to merge the benefits of two sectors, creating a small and manoeuvrable MPV designed for city streets The aim is to give lots of practicality in a compact package, with flexible seating, a tall shape for good visibility and plenty of interior space. It is not a concept that has bedded down totally with motorists or fleet managers, but does offer something different in the new or used marketplace.
Darling: ‘2008 Budget to be heavily influenced by sustainability’
Darling: ‘2008 Budget to be heavily influenced by sustainability’ Chancellor of the Exchequer, Alistair Darling has said that environmental sustainability will be at the heart of his 2008 Budget – and gave a strong indication that the transport industry will be a target for new, green legislation.
Fuel rates win tops good year for association
To top it all, in November HM Revenue & Customs (HMRC) announced new rules on when and how the Advisory Fuel Rates (AFR) for company car drivers are reviewed and published