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Motor Finance 2009

MF December 2009
Bills of sale – BIS threatens a ban
Casebook: The meaning of credit
Lessons from a painful year
Do you have permission to read this?
Reflections on the year
Routes to (re)market
Tony Worthy: Motor month
Across the pond
Manheim: Used car prices up 35 percent in December
Head in the clouds
Rental companies’ car-sharing clubs grow
BCA to remarket all LeasePlan vehicles
Company car drivers happy to lift-share
Credit intermediaries and the CDD
Are frameworks the answer?
A seasonal adjustment
FLA: Conversion fraud levels rise
UK police forces' £132m leasing bill sparks procurement row
GE Capital provides £15 million of funding to rental group
Focus on footprints
Editor's Letter: Out with the old
Black Horse Motor Finance to cease funding broker business
Success for FLA on HP deals
Joint venture Inchcape Financial Services to stop writing new business
Boards modify approach to accounting options
FLA stats show year-on-year rise in PoS finance
Industry reactions
Behind the figures
Software and systems update
On the move
Integration, integration, integration
A rosier outlook?
MF November 2009
Reflections on a changing market: a caveat for recovery?
With a firm destination in mind
Fleet deals
On the move
Software and systems update
Behind the figures
In remembrance: Vic Lock, founder of Leasing Life
Nissan opens used battery market
News in brief
Scrappage scheme distorting finance picture
Funding boost for Zenith
Jaguar Land Rover agrees £170m funding deal with GE Capital
Renegotiating partnerships
Captives: Keeping afloat
CHP Consulting launches ALFA v5
NetSol signs contract with BMW Financial Services
Strong earnings at Ford Credit
What’s happening to used car values?
Across the pond
Don't blame the middleman
The future of the broker relationship?
Tony Worthy: Motor month
Graham Hill: The Arranger
Let the planet boil
Casebook: Creditors’ rights not extinguished
MG Rover inquiry – strong criticism over finance arrangements
Lease accounting: Choosing the right approach
More changes on the horizon?
The options conundrum
Mini E leasing: Getting the message across
John Sinclair to step down from BCT
New boss at Toyota Financial Services UK
Inchcape Financial Services to stop writing new business
Aston Barclay rebrands auction sites
MF October 2009
Barclays’ challenge to PoS sales ban partially successful
Buying Solutions announces names of five framework fleet providers
Non-prime finance: A gap in the market
Nonprime finance: Q&A: Paul Harrison, head of motor finance
Non-prime finance: Jon Hudson, Experian: More data, more awareness
Non-prime finance: A broker’s view: Richard Hoggart, DSG Financial Services
The next steps for non-prime
Steepening carbon curve throws out a challenge to the leasing industry
Cutting carbon, cutting costs
Company profile: Santander Consumer UK: Spanish lessons
On the move
Software and systems update
Fleet deals
Leaseurope convention 2009: Still many opportunities
Behind the figures
More broker lines cut as Fortis Lease pulls out
Buying Solutions agency announces names of 5 framework fleet providers
Barclays’ challenge to PoS sales ban partially successful
Editor's letter: A huge demand
Databank: Where are used prices going?
US View: Across the pond
Tony Worthy: Motor Month
The Arranger: Scapegoating brokers?
Cooke's View: Turbulent times ahead?
VAT change – concern over HP orders
Getting the price right
Cutting carbon, cutting costs
BSI to set compliance standards
Glass's: Wholesale used market to remain tough
Casebook: Guidance on giving information
MF September 2009
Fraikin to supply 48 new vans to Lyreco
Jobs to be cut at Lex Autolease
Motor finance roundtable: At a turning point?
Motor Finance Round Table: Point of sale finance
Lord Mandelson announces scrappage extension
Inchcape adds Toyota FS to funding panel
Zero percent finance in demand from customers
NACFB brokers see vehicle finance business fall by 30 percent
Lombard Vehicle Management cuts broker ties
Reduction in motor finance fraud
Editor's Letter: Cars for all?
LVM cuts broker ties
Survey: Brokers see vehicle finance business fall 30%
BCA up for sale?
Media urges consumers to claim PPI refunds
Car costs under the spotlight
WhizzGone as car club bought by rival
Motor Finance Round Table: Consolidation
Customer acceptance of online car sales growing
Motor Finance Round Table: Legislation
Welcome FS shuts 30 offices
Motor Finance Round Table: Scrappage
The end is nigh
Motor Finance Round Table: Changes in customer demographics
Behind the figures
Motor Finance Round Table: Subprime lending
Jaama: Ogilvie contract
Sword Apak: Daimler Financial Services selects wholesale systems partner
Motor Finance Round Table: Liquidity
HPI: Dealer group selects data partner
GreenRoad: Insurance green tech affinity scheme
Motor Finance Round Table: Customer retention
Lombart Vehicle Management: Motorway contractor switches to leasing
Benchmark Distribution: Component supplier takes 50 Citroën vans
Alphabet: Skandia UK goes for contract purchase
Arval: Fuel card win
On the move
New tendering framework in place
Solving the cashflow conundrum
A growing appetite?
All in the family
An open relationship?
Testing times for brokers
Andy Thompson: Irresponsible lending: more OFT rules for dealers and lenders
Casebook: It’s a matter of timing
Cooke’s view: Quality or quantity: The new dilemma
Graham Hill: Signs of the times
Tony Worthy: Motor month
Across the pond
Effective remarketing tips
LeasePlan reports strong profit for H1 2009
MF August 2009
NACFB brokers see vehicle finance business fall by 30 percent
Zero percent finance in demand from customers
BEN benefits from BCA beach bash
ACF Car Finance opens new showroom in the West Midlands
New collections solution launched
BEN looks to new funding sources
Connecting with the customer
Editor's Letters: A helping hand
Fiat signs huge deal with BSM
General Motors signs up new leasing partner
Finn calls for scrappage extension
Fortis tie-up
Captive results
FLA: Still no help for industry
Behind the figures
The next big thing?
Whose funding line is it anyway?
ACF Car Finance: Call centre technology upgraded
ITM: Brokerage DSG wins technology prize
White Clarke Group: Turkish venture for software house
Eagle-i: Telematics platform launched
Grosvenor Contracts Leasing: Welsh housing association deal
ALD Automotive: Thames Water sole-supplier
Fleet Support Group: Brewer issues ‘permits to drive’
CLM: Fleet management deal for brewer
Lombard: Leisure business goes green
On the move
Used car finance: a growing market
How ‘Lena’ boosts sales for Collier group
Simon Bailes Peugeot opts for ‘360-degree vision’
Breaking new ground
Salary sacrifice widens the appeal of car leasing
Across the pond
Vehicle values: lower-medium sector
Casebook: ‘Without prejudice’?
Peter Cooke: Thanks for the memory (stick)
Graham Hill: Raising the stakes
Tony Worthy: Motor month
MF July 2009
OFT’s Financial Services Plan published
Auction house BCA’s latest research on residual values has found that they have recovered significant ground.
An honest return
Criminal charges brought in Gwent fraud case
Finance ‘gateway’ to boost penetration rates launched
CC publishes draft PPI order
More help needed, says FLA
Scrappage link-up for lender
Threat of restrictions on creditors’ use
Kitemark scheme to be extended to dealerships
Industry relieved by likely Block Exemption extension
Behind the figures
Software and systems update
Fleet deals
On the move
Any profit in a storm
Leasing to the fore
Car trends under the spotlight
Proposed changes to lessee accounting regime: the industry responds
Q&A: Alan Lunt
Too short a timetable
On the edge of a revolution?
Clean hands?
Brokers’ reputation at stake
Andy Thompson: Scrappage bonus – subsidised finance can be an alternative, says BIS
Casebook: Enforcement of guara
The changing face of debtors
Peter Cooke: Ever shout at your satnav?
Graham Hill: Scraps of cold comfort?
Tony Worthy: Motor month
Across the pond
Vehicle values: car-sized vans
MF June 2009
Motor finance industry needs more help, says FLA
BCA in new remarketing deal with Siemens
Finance ‘gateway’ to boost penetration rates launched
RBS: 'non-core' Lombard Vehicle Management may be sold
Chairman of Welcome FS dismissed from Cattles
Fleets urged to speak out on lease accounting proposals
Cost taking precedence over choice for fleets - survey
Cutting costs, not corners
Eye in the sky for fleets
Support for charity needed in stormy times
The future of car ownership
Andy Thompson: Creating debentures – do financiers need belt and braces?
Casebook: Guarantees - indemnities – that old chestnut
Voluntary terminations – change urgently needed
Peter Cooke: Princes in the Tower – where were the social workers?
Tony Worthy: Motor month
Graham Hill: Dude, where’s my car?
Andy Tong: Converting cash buyers
Across the pond
Vehicle values: Commercial 4x4s
Editor's Letter: American legends still in turmoil
Fleets urged to make their voices heard
GM to shed European operations
Equity release boosts scrappage numbers
LeasePlan aims to raise £1.3bn through online retail bank
Vehicle lead times rising
Lloyds Banking Group announces new name for merged fleet lessor
Protection for customers during downturn
RBS reviews options for fleet
Lessor receives partial payment in Gwent case
Behind the figures
Fleet deals, compiled by Jo Tacon
Software and systems update
New standard needs simplicity
On the move
Brough and ready
MF May 2009
LeasePlan aims to raise €1.5bn through online retail bank
Lex Autolease: New name for integrated fleet lessor announced
Scrappage scheme will have 'no impact' on sub-prime customers
Tipping point?
Editor's Letter: Turning around the GM supertanker
Finance companies hit by hike in bad applications
Hundreds of motor finance jobs to go at Lloyds Banking Group
Welcome Car Finance to close
British Credit Trust starts subprime lending again
Finn: New scrappage scheme could mean end of 0% deals
BMW FS trying to secure banking licence
Lombard VM lowers rental costs for customers
German investment company acquires half of LeasePlan
CAP reports residual values ‘stabilising’
VW - Porsche merger: ‘No decision’ yet about finance arms
Behind the figures
Fleet deals, compiled by Jo Tacon
Software and systems update
On the move
Varying response on finance terms
Traditionally inclined
The technological challenges of integration
Rapid decline, slow recovery
Why not cut out the middleman?
Creating a path forward for brokers
Islamic vehicle financing
More than just a scrappage scheme
Tick a box and waste an opportunity – an everyday story of government?
Andy Thompson: Churchill keeps up VAT challenge
Casebook: Unfair terms in consumer contracts
Tony worthy: Motor month
Where now for subprime?
Andy Tong: The subprime conundrum
Graham Hill: No level playing field
Peter Cooke: A letter to my grandson
Across the pond
Vehicle values: convertibles
MF April 2009
Daimler FS posts €167 million loss in Q109
GMAC to replace Chrysler Financial
Scrappage scheme will have 'no impact' on sub-prime customers
FLA and police team-up to reclaim illegal vehicles
Budget 2009: Darling announces £2,000 scrappage scheme
Budget 2009: Company car tax changes
Lloyds Banking Group to cut hundreds of motor finance jobs
Welcome Car Finance to be wound up
Target Loan Servicing wins contract to take on Blue MF book
CAP reports RVs 'stabilising'
Rich Green steps down from GE Fleet
FLA calls for capital allowance extension for SMEs ahead of Budget
Compass deal for Lex
Blue Flame fires up van fleet deal with Lombard Vehicle Management
Alphabet sets up ECO scheme for 1,600 drivers
Lombard Vehicle Management sets up dedicated 'major customer' unit
Hewer FM acquires 35 Berlingos with Lex and Automotive
Autoquake raises £4 million from VC backers
Motor finance industry aid still not forthcoming
Burlington Credit joins FLA
Driver choice to become more restricted?
Car clubs gaining wider acceptance
Cattles: FSA to investigate?
MF March 2009
Downsizing and drama
Ignition Credit starts up
Near-collapse of subprime lender Welcome
Mandelson rebuked by BoE for car finance aid ‘delay’ comments
Federation looks at ‘car dealer bank’
German car makers feel the pain
TLS to take on Park MF book
Motor finance feels squeeze
Fraud crackdown brings results
Behind the figures
A&L stops funding lines to independent lessors
New co2-based write off rules
Hire business 1car1 goes into administration
Lessor grows SME business by 50%
Rule change warning
Fleet deals
Innovative company car scheme for accountancy firm's staff
Software and systems update
On the move
Banking on motor retail
Taxing times for lessors’ association
Insurance on the move
Best practice in company car management
Battening down the hatches
ANDY THOMPSON: Voluntary terminations – FLA looks at legal challenge
Casebook: Payment by instalments
Grim lessons from the ‘dismal science’
Graham Hill: Blot on the record
Andy Tong: At the sharp end
Tony Worthy: Motor month
Across the pond
Fleet and lease diesels retain price premium in ’08
LeasePlan's 2008 results show hit from crisis
BVRLA: gov’t plan should include used vehicles
MF February 2009
UK industry financial updates
RVs: Some cause for optimism
Across the pond
Andy Tong: At the sharp end
Tony Worthy: Motor month
Informing the masses
Not all doom and gloom
Recession, crystal balls and alternative strategies
Casebook: Payment by instalments
Andy Thompson: Final chapter approaches in VAT saga
Accounting for the new rules
Looking after customers in arrears
Evolution in action
Going against the flow
Rising from the ashes
Software and systems update
On the move
Fleet deals
New fleet management framework
Director of asset and motor finance at Lloyds Banking Group named
Walden prepares to leave Lex, as Stead takes reins at combined fleet lessor
Annual results round-up
Aid does not go far enough
Left out in the cold
VW makes LeasePlan move
Penetration rates grow
New player in non-prime PoS finance
Concern point-of-sale PPI ban will remove debtors’ ‘safety net’
Editor's Letter: All change at the top
Managing the downturn
1car1 relaunches leasing division
FMG Support wins Autolease contract
Fleet GAP product launched
Jon Walden to leave Lex
New boss at Lombard’s fleet arm
New non-prime motor lender Moneyway is launched
Availability of finance to worsen, says CBI
New registrations fall in January
Lombard Vehicle Management: Sale-and-leaseback deal for green taxi firm
Ratings warnings for Banque PSA and RCI Banque
Point-of-sale PPI ban will remove debtors' 'safety net'
Lex to be sold?
Welcome FS's parent drops bank licence bid
50 per cent LeasePlan stake to be bought by VW
Arval cuts 80 UK jobs
State aid package leaves out motor finance companies
Lease accounting rule changes could damage industry
Welcome Finance stops new business
Target Loan Servicing to take on Park MF book
RMIF looks to set up 'car dealer bank'
Mercedes-Benz Bank offering over €2.5bn to UK captive
BVRLA joins Leaseurope
Toyota Financial Services seeks state loan from Japan Bank
Sutton to head merged Black Horse and Bank of Scotland Dealer Finance operations
GM bankruptcy imminent?
Lombard Vehicle Management grows SME business by 50 per cent
Mandelson rebuked by BoE for car finance aid 'delay' comments
BMW Financial Services reports a pre-tax loss for 2008
FLA: Motor finance feels the squeeze in January
1car1 goes into administration
New accounting standard could hurt lessors
Arval reports “above-market performance”
British Motor Show cancelled
Welcome Financial Services' problems worsen
MF January 2009
Siemens Motor Contracts closes to new business
BCA: Used car values rise in December
December new car sales show further fall
Broker focus for Grosvenor Contracts Leasing
Interest rates cut to historic low of 1.5 per cent
Media's PCP 'negative equity' claims debunked
CV Show cancelled
SMEs urged to go back to company cars
Arval wins sale-and-leaseback deal
Jack Petchey buys 21 per cent stake in Lookers
New CEO at the RMIF
In the public interest
Convictions in “long firm” case
Casebook: Charging orders remain enforceable indefinitely
Motor month
Colin Tourick: Goodbye, 2008, and good riddance
Andy Tong: At the sharp end
The Arranger: Daring to hope
Cooke's report: When did you last run a check on your finance sources?
View from the US
A buyers’ market, but what do they want…?
On the move
50,000-vehicle landmark reached
SMEs urged to go back to company cars
Swing back to fleet managers
Government plan to shore up SMEs
Calls for scrappage scheme gain momentum
Three-year remarketing deal
Supermarket grows sales in 2008
Data provider bought by US firm
Funding options for litigation
Parking and repair costs: Who should pick up the tab?
Sticking to its guns
Engaging with debtors
Market conditions make fuel management a must
Betting on boost from brokers
Time to dip a toe?
The importance of IT downturn
Recession drives popularity of online car sales
Media's PCP 'negative equity' claims debunked
Mixed picture for December used car prices
US state help for GMAC and Chrysler Financial
New online car auction company launched
H&S breaches to be punished more severely
Carrier Letter
Editor's Letter: Mixed messages
Sale-and-leaseback comes to the fore
Broker focus for Grosvenor Contracts Leasing
Fleet lessor closes to new business
Rising VT trend causes concern