All articles by Saad Ahmed
Saad Ahmed
SMMT: Record 8.2m used cars sold in 2016
A record 8.2m used cars were sold in the UK in 2016, representing a 7.3% increase year-on-year, according to the Society of Motor Manufacturers and Traders (SMMT).
The Warranty Group appoints Green CEO for European business
The Warranty Group has appointed Richard Green as chief executive officer for its European business operations, effective 13th February 2017, replacing Gary Jennison.
Equifax: 50% of customers wont spend over 20 minutes applying for finance online
Twenty minutes is the limit for 50% of customers when applying for finance online, according to research by credit reference agency Equifax.
Daimler FS: Portfolio reached €133bn in 2016 as contracts up 14%
Daimler Financial Services increased the value of its portfolio saw new contract volumes increase by 14% in December 2016 year on year, increasing the value its portfolio to €133bn (£112.9bn).
Alfa partners with database company NuoDB
Asset finance software provider Alfa has partnered with NuoDB, a database company, in a move which Alfa says could reduce database license fees for their clients.
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BCA: Used values up 3.3% in January to £8,619 for near-record
The average value of a used car sold at BCA rose 3.3% year on year to £8,619 in January, achieving the second highest headline figure since records began in 2005.
BVRLA: Five-fold increase in VED will damage car rental industry and environment
The British Vehicle Rental and Leasing Association (BVRLA) has called upon the UK government to halt plans to increase Vehicle Excise Duty (VED) fivefold, arguing that it will damage the car rental industry and harm efforts to combat high emissions.
MotoNovo updates self-service finance option
MotoNovo Finance has updated its app-based self-service finance option in 500 dealerships, which it claims will increase control and transparency for customers, and protect dealer incomes.
Epyx launches vehicle allocation tool for fleets
Automotive technology provider epyx has launched Select, a vehicle application tool designed to manage owned assets such as fleets.
UK among the cheapest countries in Europe to own a car
The UK is one of the cheapest countries in Europe in which to own a car, according to fleet lessor LeasePlan.