All articles by MF Editorial
MF Editorial
Siemens Motor Contracts closes to new business
Fleet management and leasing company Siemens Motor Contracts (SMC) has closed to new business as of mid-December.
Jack Petchey buys 21 per cent stake in Lookers
Dealership groupLookers has said that Trefick Ltd, a private equity group, hasacquired a 21 per cent stake – 38,711,800 ordinary shares of 5p each – in the car retail chain.
Supermarket grows sales in 2008
Car supermarket Motorpoint managed to grow its UK sales over 2008 by 6 per cent, selling some 35, 000 vehicles.
BCA: Used car values rise in December
Auction house BCA has reported a modest rise in used car values in December, with an average price across all sectors of £4,836 – a £13 betterment month on month.
New CEO at the RMIF
Rob Foulston hasbeen appointed chief executive of the Retail Motor Industry Federation (RMIF).
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Data provider bought by US firm
US firm Solera Holdings has bought vehicle validation services provider HPI for $117.4m (£82.1m).
December new car sales show further fall
The number of new cars sold in December fell by 21.2 per cent to 108,691 (Dec 07: 137,960), a fitting end to a dismal year for car retailers.
In the public interest
John Maslen finds that lessors prepared to commit for the long term can find public sector fleets a fruitful source of business.
Interest rates cut to historic low of 1.5 per cent
The Bank of England today announced that interest rated are to fall to their lowest ever level– 1.5 per cent.
50,000-vehicle landmark reached
The UK arm of ALD Automotive has reached a significant landmark, as a Ford Focus delivered to customer Cummins Ltd became its 50,000th vehicle – in the year in which the lessor celebrates its 50th birthday.