All articles by Antonio Fabrizio
Antonio Fabrizio
LeasePlan UK and Tusker reap the benefits of salary sacrifice schemes
Tusker, a fleet management and leasing company, told Motor Finance last month that it had recently won salary sacrifice contracts with FTSE-listed company, Ultra Electronics, and also with Subsea 7, a sub-sea engineering and construction company.
Fleet deals, April 2010
Ignition Credit has just announced a deal with the Formula Renault UK Championship The motor finance house said it will provide the financing for half of the cars for this years motor tournament. Simon North, promoter for Formula Renault, said: Ignition Credit was recommended to me and they have put together an excellent financing package at a very competitive rate
Software and systems update April 2010
Fleet buyers who use e-procurement technologies rather than traditional methods such as phone and fax are saving between 10% and 15% on new vehicles, according to Ebbon-Dacs. The Oxford-based online solutions provider said its research shows that by using e-procurement and electronic tracking of vehicles in the order pipeline, companies can generate significant savings, through reduced acquisition and administration costs, improved productivity, fewer errors and increased efficiencies.
The online weapon
Leasing companies both large and small are profiting from advancements in online technology
2010 Budget: “little for road users”, says BVRLA
The 2010 Budget statement was more of a pre-election statement than a Budget with precious little for road users, according to the BVRLA chief executive John Lewis. He said: By doing nothing to reduce grey-fleet encouraging AMAPs rates or the 3 percent diesel surcharge, the government has yet again failed to remedy the inequalities in its emissions-reduction strategy. He added that the Chancellors decision to halve company car tax for ultra-low carbon cars was a nice gesture” that should have been made in the Pre-Budget Report
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RMIF: Budget only provides a few positives
The 2010 Budget announced today hasnt addressed the key issues affecting the retail motor industry but only provided a few positives, according to the Retail Motor Industry Federation (RMIF). The association said that the increase in the annual investment allowance to £100,000 per year will be an incentive for businesses to invest in capital equipment, but has not been taken far enough for some businesses that make large scale capital investment, such as truck fleet operators.
Staggered fuel duty rise not enough, say industry figures
But according to RMI Petrol chairman Brian Madderson, Darling failed to mention that, in addition to the 1.0 ppl duty increase from 1 April, he has already taken measures to claw back a duty incentive provided to the refiners for biofuels production.
2010 Budget: leasing industry shows disappointment
Julian Rose, head of Asset Finance at the FLA, said: While any support for business is welcome, the governments announcement of an increase to the annual investment allowance has missed the opportunity to help the majority of cash-strapped British businesses to invest via leasing.
Manheim strengthens CV team
James Davis becomes general manager of CV operations for Manheims three auction centres of Leeds, Gloucester and Haydock, which are solely dedicated to commercial vehicles.
New head speaks out
Antonio Fabrizio talks to John Davies, chairman of the newly-launched Vehicle Remarketing Association. A new trade body for the UK vehicle remarketing industry has just been launched, with the aim of providing more support to companies handling used cars and commercial vehicles and dealing with residual values on a daily basis. According to its founders, the Vehicle Remarketing Association (VRA) effective from the beginning of this month will be representing the interests of an industry which, in the UK alone, is estimated to handle and transact over 1.8m vehicles each year, worth in excess of £9bn.