All articles by MF Editorial
MF Editorial
Straight from the horses’ mouths
Straight from the horses mouths Motor Finance asked a number of vehicle finance brokers for their views on the current market; this is what they said The brokerages we surveyed ranged in size from three employees to over 130; the majority placed business both for fleet and individual customers Of those that worked in areas other than vehicle finance, equipment finance was the most popular (25 per cent), although commercial mortgages, investments, pensions, marine and aviation finance were all mentioned as other avenues explored.
Hunter being hunted?
Stock-watchers have noticed that the same buyer moves in to buy shares in the beleaguered car retail group, which issued two profit warnings in recent months, whenever the shares fall A potential bidder could be attracted by Pendragons property portfolio, although following a £400m sale-and-leaseback of its land assets last year, it is unclear how much value any corporate predator could extract from Pendragons remaining land book
Pendragon results 2007: Revenues flat, profits fall
Pendragon results 2007: Revenues flat, profits fall In its full-year results for 2007, motor retailer Pendragon announced its revenues had stayed flat year on year – but that profits were cut in half
Achieving the green dream
Achieving the green dream The 2002 company car tax rules created a step change in people’s thinking as some drivers were hit very hard Following the 2002 changes to the way that company cars were taxed, instead of rushing into small, low-emission or alternative-fuel cars people looked for ways around the system
Anti-vehicle fraud unit recovers cars worth £1.5m
Anti-vehicle fraud unit recovers cars worth £1.5m The Association of Chief Police Officers Vehicle Crime Intelligence Service (AVCIS) has announced the recovery of fraudulently-obtained vehicles worth over £1.5m since the establishment of the unit in September 2007
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Builder switches ECO provider
Builder switches ECO provider Morgan Ashurst, a construction company, has changed to Provecta Car Plan for provision of its employee car ownership (ECO) scheme, after becoming dissatisfied with the provider of its previous car ownership scheme.
New car sales rise in 2007
New car sales rise in 2007 The Society of Motor Manufacturers and Traders (SMMT) reported that overall new car sales in the UK in 2007 rose to 2.4m, up 2.5 per cent year on year
FLA acts on two fronts
FLA acts on two fronts The threat of increased VAT impositions on HP and conditional sale contracts (including PCP deals) has been causing concern to the credit industry on two levels. The most immediate concern involves moves by HM Revenue & Customs (HMRC) to prevent finance companies from recovering VAT paid on overhead costs attributable to these deals
Indian office opening for Mondial
Mondial Assistance has opened an office in New Delhi, India, making the company “the very first international roadside assistance company to start operations in India,” Mondial said. The opening of the new office coincided with the announcement by Ford that it has chosen Mondial to provide its customers with roadside assistance services in five major Indian cities – New Delhi, Bombay, Chennai, Bangalore and Pune.
A dying art?
The UK has long been heralded as possessing the most mature fleet leasing and retail automotive finance market in Europe – second only to the US, most observers would admit, and not far behind at that