All articles by Antonio Fabrizio
Antonio Fabrizio
Fleet association steps up efforts
The growing number of challenges being faced by the UK fleet industry has meant its representative body, the Association of Car Fleet Operators (ACFO), has been focusing more of its efforts on protecting its members interests, as well as strengthening its membership base.
Contract extensions save firms £1.3bn in 2009
Lease contract extensions for cars and vans have become so popular following the economic downturn they may have saved companies as much as 1.5bn (£1.3bn) in 2009 across Europe, according to recently published research by GE Capital.
Outstandings growth
Fresh from winning a motor finance company of the year award last month, Carlyle Finance told Motor Finance it is “not resting on its laurels” but is investing heavily in innovation.
Law firms target collections
Law firms battle for top spot in collections outsourcing Several law firms have responded to the increasing demand for outsourcing services by investing heavily in collections services.
Captive close to recovering stolen cars
A motor finance captive company is struggling to recover its six high-value vehicles after they were illegally transported to a foreign jurisdiction, Motor Finance has learned. Roger Potgieter, the motor finance partner at law firm Shoosmiths, which is assisting the captive, said the motor finance client has managed to get the port authorities in Northern Cyprus to hold the vehicles, even though the alleged fraudsters have demanded their release.
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LeasePlan UK broker arm implements Leaselink platform
Network, the fleet broker arm of LeasePlan UK, has implemented the e-procurement platform from online solutions company Ebbon-Dacs across its network of franchisees. The Leaselink platform, which allows brokers to source and order new fleet vehicles electronically, is expected to deliver cost savings of 10 to 15 percent over traditional methods of sourcing vehicles, the Oxford-based company has said
Company car contract extension saves ?1.5bn across EU
European companies saved almost 1.5bn in 2009 through company car contract extensions, a recent GE Capital study has found. The leasing and fleet management company said that a 12 month extension from 36 to 48 months saved companies an average of 12.5 percent per month on the leasing cost. On average, contracts increased from 36.7 months in 2007 to 40.5 months in 2009 across the seven markets studied (France, Germany, UK, Netherlands, Spain, Italy and Belgium), the lessor said.
Key appointments at BVRLA
The British Vehicle Rental and Leasing Association (BVRLA) has appointed Neil Cunningham as its new vice-chairman. He has over 25 years experience in the vehicle rental industry, and was responsible for Hertzs entry into the car sharing market in 2008.
Electric vehicle battery lease ‘the way forward’, says Glass’s
Manufacturers should tackle electric vehicle (EV) battery ownership issues to protect residual values from dramatic falls and develop battery lease strategies, according to vehicle valuation specialist Glasss.
GE-owned Broadway expand Stoke on Trent centre
Broadway Motor Company has expanded the capacity of its Stoke on Trent used van and truck centre following a growing demand from buyers. Broadway Motor Companys national sales leader Ian Griffiths said: We are finding ready custom for all kinds of trucks and vans, and the site is among the fastest for stock turnaround in our branch network, which is always a good indicator of how well a used vehicle outlet is operating.