All articles by MF Editorial
MF Editorial
Supermarket synergies for retailer
Car supermarket chain Motorpoint has linked up with the UKs largest supermarket chain Tesco in a cross-promotion marketing campaign that will allow holders of Tescos Clubcard loyalty scheme to redeem their Clubcard points at Motorpoint – for four times their face value
Add-ons help win new “sky-high” deals
Add-ons help win new sky-high deals Brian Rogerson talks to the new head of Lombard Vehicle Management about keeping customers – and brokers – happy This November Lombard Vehicle Management (LVM), part of Royal Bank of Scotland (RBS) won the Best Motor Vehicle Finance Provider title at the National Association of Commercial Finance Brokers (NACFB) awards It is the second time in three years that the company has won the award and prompted Adam Tyler, NACFBs chief executive, to tell Motor Finance: The result was voted by NACFB members and LVM won by quite a large margin, especially on criteria such as speed of decision, appetite for risk and ease of documentation.
Small fleet leasing: Untapped potential
Small fleet leasing: Untapped potential Ashley Martin looks at small fleet leasing, and finds that there is huge room for growth in sub-25 vehicle fleets – if only SMEs can be converted from cash
Hidden dangers of the ‘grey fleet’
Arval defines the grey fleet as “drivers who use their own car for business travel and that often sit outside the normal company car policing, reporting and communication channels”
LCVs for Homeserve
LCVs for Homeserve Fleet management and leasing company Inchcape Fleet Solutions has delivered 70 light commercial vehicles to Homeserve, an emergency home repair and insurance provider.
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Q3 profits up at German captive
Revenues at BMW Financial Services were up 32 per cent to 3.6bn (£2.5bn) (compared with 2.7bn (£1.9bn) in Q3 2006) and profit before tax grew by 4.9 per cent to 191m (£133m), from 182m (£127m) in the same period last year. In the nine months to September 30 2007, revenue at BMW Financial Services grew by 21.6 per cent to 10.1bn (£7bn), and profit before tax increased by 5.2 per cent to 563m (£392m).
Alternative fuels and hybrids
Alternative fuels and hybrids Professional buyers just don’t see high numbers of electric and hybrid vehicles reaching the used market, which makes it difficult to gauge demand and almost impossible to suggest growth
Interest rates held at 5.75 per cent
Interest rates held at 5.75 per cent The Bank of England’s monetary policy committee has decided to keep interest rates at their current level of 5.75 per cent, for the fourth month in a row
New entities after Daimler-Chrysler split
The changes will also affect the companies’ UK arms. As of November 1 Mercedes-Benz Cars (Mercedes-Benz passenger cars, smart, Maybach) and Commercial Vehicle (Mercedes-Benz, Mitsubishi Fuso) will be operated by Mercedes-Benz UK Limited, with the retail subsidiary to become Mercedes-Benz Retail Group UK Limited.
Media figure attacks PPI ‘protection racket’
Media figure attacks PPI ‘protection racket’ The selling of payment protection insurance (PPI) has come under attack in the past few days, after the launch of a campaign urging consumers who purchased the product to find out whether they are entitled to claim a refund from their finance provider.