All articles by MF Editorial
MF Editorial
Cost taking precedence over choice for fleets – survey
GE Fleet’s quarterly Company Car Trends report found that the typical company car policy has shifted from favouring human resources concerns to seeking the most cost-effective fleet solution Commercial leader at GE Fleet, Gary Killeen commented: “During the last decade or even longer, companies in growth industries habitually placed the driver at the heart of their company car policies
Support for charity needed in stormy times
It provides care and support to people connected to all areas of the motor industry, from manufacture of cars, motorbikes and bicycles and their parts, to sales and repair and indeed finance.
Protection for customers during downturn
Insurance giant Allianz and captive BMW Financial Services have joined to create a new insurance product for BMW customers, called BMW Protect The income protection policy provides life and critical illness cover, paying out a lump sum, while the accident, sickness and unemployment cover will make finance payments on customers behalf for up to a year
Equity release boosts scrappage numbers
The UK governments £2,000 scrappage incentive for cars over 10 years old has given a boost to dealerships, accounting for an estimated 60,000 extra sales between the schemes launch on April 22 and June 7, according to the Department for Business, Innovation and Skills
Lloyds Banking Group announces new name for merged fleet lessor
The name of the integrated business formed from the merger of the two major fleet lessors owned by Lloyds Banking Group Lex and Lloyds TSB Autolease has been announced Lex Autolease will be the new brand identity for Lloyds fleet management and leasing operation, which, with a fleet size of over 360,000 vehicles, will be by far the largest fleet operator in the UK.
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BMW FS trying to secure banking licence
In an attempt to get more favourable access to capital from the German central bank, luxury vehicle manufacturer BMW is looking to secure a banking licence for its financial arm, sources said.
Lombard VM lowers rental costs for customers
Lombard Vehicle Management has announced the launch of a new rental product for customers.
VW – Porsche merger: ‘No decision’ yet about finance arms
The proposed merger between Volkswagen and Porsche will not have any immediate effects on the UK operations of the carmakers respective finance arms, a spokesman for Volkswagen confirmed.
Rapid decline, slow recovery
New research by Trend Tracker finds that things may be looking up for PoS finance.
Islamic vehicle financing
Developing financial products for the ever-more sophisticated Sharia-compliant market has the potential to open up huge new markets for vehicle financiers. Fahim uz Zaman explains the basics.