All articles by Richard Irvine-Brown
Richard Irvine-Brown
Arval takes BCA as UK auction partner
Arval, the fleet arm of French bank BNP Paribas, has signed a three-year contract with British Car Auctions (BCA), the UKs largest auction company. The contract includes remarketing, customer collections and end-of-term inspections of Arval cars and LCVs by BCA, as well as performing the back office functions for Arvals trade platform Arval Motor Trade.
Private new car finance up by a third – FLA
The value of advances provided for new cars sold at retail rose by 33%, year-on-year, in March to £1.54bn and by 34% in the first quarter of 2012 to £2.35bn. In the 12 months to March, £7.52bn was advanced in private new registrations, a rise of 13% compared to the previous 12 months.
Australia office upgrade for WCG
White Clarke Group (WCG), technology provider to the automotive and asset finance sectors, is moving to larger offices in Miller Street, at the heart of North Sydneys business district. James Guerin, director of WCG in Asia-Pacific said the move reflects our continuing confidence in our position in the marketplace, our confidence in our CALMS2 product and our confidence in our staff.
Car finance above 2008 levels – FLA
First-quarter 2012 consumer new car finance volumes were up 21% on the same period in 2011, with used car finance volumes up 9%, said FLA director general Stephen Sklaroff at the Associations Spring Drinks Reception, following its annual general meeting yesterday Some of our markets are now writing more new business than they were before the collapse of Lehman Brothers in 2008, added Sklaroff.
WinWin World placed in administration
Reasons for administrators being called in to take over the London-based company, which specialised in improving profitability in car sales for retailers and manufacturers, are yet to be confirmed. One major dealership client of WinWin World said the announcement on Thursday was both sad and a shock
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To their credit
Six months in to his role as managing director at Experian Automotive, Alistair Scullion tells Fred Crawley and Richard Brown dealers are now retailing cars, not selling them. The company estimates two-thirds of all credit applications in this country go through its analysts.
Who pays the bill?
Detective Chief Inspector Mark Hooper of the Association of Chief Police Officers Vehicle Crime Intelligence Service talks to Richard Brown about the work of the unit and the Finance & Leasing Association ahead of Car Crime Awareness Week at the end of last month.
Size matters
With a slew of new dealerships begun and ambitions to increase new sales tenfold in 2012, SsangYong Motor UK is aiming high at a time when many manufacturers are just crawling out of a collective credit crisis hangover. CEO Paul Williams talks to Richard Brown.
Dear diary: Aloha in absentia
By the time you read this I will be married and on the other side of the world, enjoying little cocktails with little bits of fruit bobbing in them I will not be stuck in a southern European border town, pinned down by a maniac with two Alsatians, insisting that I am an illegal immigrant and a threat to his nation
FLA: car finance up by a fifth
Car finance provided to private consumers by members of the Finance & Leasing Association (FLA) was up 22% in March, and 20% in Q1, year-on-year. Motor finance provided by FLA members totalled £2.21bn in March, typically the busiest month of the year as people look to purchase cars with the new registration plate, and £4.21bn in Q1.