All articles by MF Editorial
MF Editorial
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
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.
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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
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