Contract Hire and Leasing

Fleet roundup

Thu, Feb, 24 2011

Mazda claims to be winning fleet business because of its ‘fleet vehicle sold order pot’ programme, which key dealers use to supply new company cars within 10-14 days of orders being placed. Mazda fleet and remarketing director Peter Allibon said: "Many fleets and company car drivers are not prepared to wait for new company cars."

Fleet roundup

Thu, Feb, 24 2011

Mazda claims to be winning fleet business because of its ‘fleet vehicle sold order pot’ programme, which key dealers use to supply new company cars within 10-14 days of orders being placed. Mazda fleet and remarketing director Peter Allibon said: "Many fleets and company car drivers are not prepared to wait for new company cars."

BVRLA foresees new lenders

Thu, Jan, 27 2011

An influx of extra funding to the fleet world will be the contract hire sector’s biggest issue in the year ahead, says the British Vehicle Rental and Leasing Association (BVRLA) in its predictions for 2011.

Tusker: 2011 is year for contract hire

Thu, Jan, 27 2011

The VAT rise is likely to encourage fleet operators to switch from outright purchase to contract hire, says leasing and salary sacrifice specialist Tusker.

Hitachi acquires NVR in a bid to increase UK presence

Thu, Jan, 27 2011

Hitachi Capital Vehicle Solutions (HCVS) last month bought UK rental company Newtown Vehicle Rentals, which went into administration on 2 December.

BVRLA foresees new lenders

Fri, Jan, 7 2011

An influx of extra funding to the fleet world will be the contract hire sector’s biggest issue in the year ahead, says the British Vehicle Rental and Leasing Association (BVRLA) in its predictions for 2011. More banks, it asserts, are on the verge of committing funds to the vehicle rental and leasing market.

Jailed fraudster to pay just £47k

Thu, Jan, 6 2011

Brian Webb, the man behind the £9.5 million Gwent Fleet Management fraud, only has to pay back £47,000, it was decided at a court hearing last month. Webb (pictured left, courtesy of South Wales Argus), was jailed for four years.

Technology: Epyx

Wed, Dec, 15 2010

Lex Autolease has just signed up to the 1link Hire Network e-commerce platform, the rental services software developed by epyx. The vehicle lessor thus becomes the largest customer to date for the platform, the automotive software solutions provider said.

UDA problematic for truck business, says Ryder Europe

Tue, Dec, 14 2010

The growing appetite for banks and other lenders to participate in the contract hire sector via undisclosed agency (UDA) agreements may be a win-win situation when it comes to business car fleets. However, it presents specific obstacles when applied to the truck business, argues Ryder Europe’s contract hire director Bruce Howard.

Stead to step down from Lex

Tue, Dec, 14 2010

Nigel Stead, the man who oversaw the creation of the UK’s biggest fleet business, is stepping down as managing director of Lex Autolease next June. He will be succeeded by Lex Autolease’s operations director, Rick Francis, who was commercial director at Lex Vehicle Leasing before the merger of its parent bank HBOS with Lloyds Banking Group (LBG) at the start of 2009.