All articles by MF Editorial

Media’s PCP ‘negative equity’ claims debunked

Recent articles in the national press warning of ‘negative equity’ for customers on personal contract purchase (PCP) schemes have been criticised by motor finance experts for their potential to mislead the public.

Swing back to fleet managers

The humble fleet manager may undergo a rennaissance in 2009 as the recession bites, a survey has found.

Fiat rings up fleet deal with Nokia

Editor’s Letter

Q2 motor insolvencies at peak since 2001, says Experian

Information services company Experian reported the worst Q2 for automotive company bankruptcies since 2001, with a 30.9 per cent increase on Q2 figures from 2007 Despite a positive Q1, 72 businesses failed during April, May and June, bringing the years total to 134, 10.7 per cent more than 2007s first half total The motor industry ranked tenth in Q2 insolvency levels out of 34 industries analysed, where overarching figures showed a 19.7 per cent rise in business insolvencies during the quarter.

Horners Motor Group goes under

Horners Motor Group goes under North-west independent retailer Horners Motor Group has gone under, it has emerged, with the loss of up to 73 jobs at two sites in Manchester and Rochdale. The receivers, from BDO Stoy Hayward, said in a statement: Following an immediate business review, the administrators have, regrettably, had to close both sites with the loss of the majority of jobs. However, there is a chance the sites might be sold to another group, said business restructuring partner at BDO, Matthew Dunham: We remain hopeful of securing a sale of both Horners sites.

Short-term lessor Flexxilease opens Newcastle office

Short-term lessor Flexxilease opens Newcastle office Flexxilease has opened a new office in Newcastle, a significant expansion for the short-term lessor which has until now runs its national operations from the office of its parent company One Stop Car Shop in Verwood, Dorset.

Short-term lessor opens Newcastle office

Short-term lessor opens Newcastle office Flexxilease has opened a new office in Newcastle, a significant expansion for the short-term lessor which has until now runs its national operations from the office of its parent company One Stop Car Shop in Verwood, Dorset.

How not to lose that loving feeling

There is no doubt that right now is the time for lenders and dealers to work together in adopting the customer retention management (CRM) technology that is becoming increasingly available to them

Manchester congestion charge plans could cause fleet chaos

Manchester congestion charge plans could cause fleet chaos Manchester looks set to become the second large UK city to introduce a congestion charge in order to cut traffic levels, with transport minister Rosie Winterton expected to give the plan a green light in a statement to parliament.