All articles by Saad Ahmed
Saad Ahmed
90% of cars have ‘unrealistic’ MPG claims
Only 10% of cars meet their stated miles per gallon (MPG) fuel economy claims, according to research by motoring website Honest John.
Daimler to launch ‘connect business’ services for fleets
Daimler Financial Services will launch Mercedes-Benz Connectivity Services GmbH, a connectivity service for business fleets, on 1st April 2017.
NextGear Capital passes £1bn in wholesale vehicle funding
NextGear Capital has funded more than 142,000 vehicles in the UK and Ireland since its launch in 2014, with a total value of over £1bn.
American Express: Average Briton spends over £5000 running a car during its lifetime
UK car owners spend an average of £5,670 in costs to run a car over its typical lifetime of three years and 10 months, according to research from American Express.
Paragon: 79% of brokers say low interest rates driving used car finance growth
Paragon Car Finance has found that brokers consider low interest rates to be the primary driver of used car finance growth, according to its Headlight Report.
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Information Commissioner fines Honda over ‘marketing’ emails
Honda Motor Europe has been fined £13,000 by the Informational Commissioner’s Office (ICO) for sending hundreds of thousands of emails related to marketing.
Moneyway’s ‘mixed year’ sees impairment costs double to £14.6m
Moneyway saw its impairment losses double from 2015’s figure to £14.6m, due to an increase in voluntary terminations from customers.
FCA Group appoints ROI to support its offering for fleets
Fiat Chrysler Automobiles (FCA) Fleet and Business has appointed fleet support agency ROI to manage aspects of its offering for fleets.
Wesleyan’s Errington appointed as chair of FCA smaller business practitioner panel
The Financial Conduct Authority (FCA) has appointed Craig Errington, group chief executive of Wesleyan, as chair of its smaller business practitioner panel.
BMW: Finance and leasing rose 11% to €123bn in 2016
Total credit financing and leasing business volumes at BMW Group grew by 11% to €123bn in 2016, according to the group’s annual results.