All articles by Lorenzo Migliorato
Lorenzo Migliorato
Toyota FS operating income up 18% in year to March
Toyota’s financial services operating income grew 18% in the year ending March, totalling £1.9bn (JPY 283.9bn).
Volkswagen FS contracts up 8.8% during Q1
Volkswagen grew its financial services business 8.8% year-on-year in Q1, writing just under 2m contracts during the period.
LeasePlan Q1 profits down 5.4% due to Germany and Turkey charges
Profits for LeasePlan were down 5.4% year-on-year during Q1, to €138m, due to impairment charges in Germany and Turkey.
ALD income stable at €328m in first quarter
ALD Automotive reported gross operating income of €328m (£289m) for the first quarter of 2018, in line with the previous year.
SMMT: April registrations up 10% against 2017 VED rise
Registrations for new cars were up 10% year-on-year in April, figures from the Society of Motor Manufacturers and Traders (SMMT) have shown, totalling 167,911 vehicles.
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Rating agencies warn on early termination of longer PCPs
The UK’s PCP market is under pressure from a rise in voluntary terminations (VTs), rating agencies Moody’s and DBRS have said in separate notes.
Vauxhall faces criminal investigation for Zafira fires
The Driver and Vehicle Standards Agency (DVSA) has opened a criminal investigation into Vauxhall’s handling of the fires that affected its Zafira B model between 2009 and 2015.
Volvo Cars UK appoints national leasing manager
Volvo Cars UK has appointed a national leasing and residual value (RV) manager, a newly-created role reflecting increased focus on RV resilience.
VRA calls for equipment checklist on used cars
The Vehicle Remarketing Association (VRA) has encouraged manufacturers to provide used vehicle dealers with a checklist of detachable equipment that is essential to functioning.
VW in talks to manage, supply fleet for China’s Didi
The Volkswagen group is in talks to manage and supply part of Chinese ride-hailing company Didi Chuxing’s fleet, it has been reported.