All articles by MF Editorial
MF Editorial
Motor finance feels squeeze
The fall in car sales volumes in January has had a knock-on effect on volumes of motor finance, the Finance & Leasing Association (FLA) reported.
Ignition Credit starts up
Independent finance house Sterling Capital has launched a new website and motor finance brand, Ignition Credit.
Near-collapse of subprime lender Welcome
Welcome Financial Services has ceased new business. Its parent company, doorstop lender Cattles, has suspended the subprime hire purchase provider’s management team, and announced Welcome had breached its banking covenants.
Fraud crackdown brings results
FLA members efforts to curb fraud saved them a total of £123 million in 2008, the association said.
Banking on motor retail
The newly-appointed CEO of the Retail Motor Industry Federation (RMIF), Rob Foulston, has joined at a challenging time for the federations members.
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Fleet and lease diesels retain price premium in ’08
The latest price data from BCA show that fleetlease diesel cars enjoyed a substantial price premium over petrol throughout 2008, despite the differential in fuel costs, and that the diesel cars were sold at a higher average mileage However, that premium has narrowed in 2009.
LeasePlan’s 2008 results show hit from crisis
International fleet management and leasing company LeasePlan’s results for 2008 show that the lessor’s net income dropped by 13.7 percent compared with 2007, to 208 million (£ million).
BVRLA: gov’t plan should include used vehicles
The BVRLA has asked the government to include the used van and car market in any scrappage scheme it would introduce to boost demand for vehicles from consumers and businesses.
Tony Worthy: Motor month
New car registrations fell 30.9 percent in January to 112,087 units The market is expected to decline by a fifth in 2009 to 1.72 million units.