Latest news
STAY INFORMED: THE LEASING MARKET CHANGES ON A DAILY BASIS, FROM NEW VEHICLE LAUNCHES TO CHANGES IN LEGISLATION.
Semiconductor shortage yet to bite
Surprising that as many as three out of four fleets report that there has been no impact on their operations. This is, in our view, quite a high figure. The most likely explanation is that it is largely accounted for by either fleets planning further ahead in their vehicle replacement process, or by the contract extensions that were widely undertaken by many businesses during the pandemic when mileage fell dramatically These particular fleets have been unaffected by delayed orders either because they have not been trying to replace vehicles, or have not yet really felt the full impact of the extended lead times.
SOGO accelerates growth with key appointments
SOGO recently moved to new headquarters in Milton Keynes. The larger office provides additional room for a growing customer services team and creates a new technology hub for the business.
Select Car Leasing announces partnership with Egg
Egg’s £30-per-month subscription fee includes standard installation of a 7kW fast home charging unit compatible with all makes and models of EVs, plus free maintenance call-outs within two working days. Installation requires access to off-street parking such as a driveway or garage.
Fleet electrification starting to prompt switch to leasing for SMEs
Leasing circumvents the problems of upfront costs and provides regular payments over a period of time, plus it also removes any residual value worry. This is an issue because some SMEs perceive that current EVs will be superseded by better models in the medium term. Also, there is a general degree of worry about the shape of the economy and leasing means that businesses can keep more money in the bank for a longer period of time, providing a higher degree of liquidity if problems do arise
Daily rental companies turning away fleet business for retail
Rental shortages are currently a regular topic of conversation among AFP members, with widespread discussions about the difficulties being faced. It’s a situation that is showing few signs of improvement and may even get worse before it improves. Rental companies – like everyone else – simply can’t access new vehicle supply in the quantities they need.
Genesis chapter 4 – G80 2.2 AWD
The G80 comes is certainly at the luxury end of the saloon market and offers lots of standard features, luxury seating and lots of space. It's up against the likes of the BMW 5 0r 7 series, Audi A8 along with the bigger Mercedes. While the Genesis can match them on looks and equipment, it struggles to compete as an equal when it comes to performance and handling.
Lee Duerden of The Best Car Deals joins the LBF Steering Committee
We are pleased to announce that Lee Duerden has joined the LBF Steering Committee, formed to shape the future development of the Federation through suggesting ideas, recruiting new service support partners, [...]
Cyber security warning for fleets
Earlier this month Sixt reported it had been the subject of cyber attack. The company, which operates 2,000 locations across 110 countries, managed to act quickly and contain it at an early stage. A recent government survey showed that in the last 12 months, 39% of UK businesses have identified a cyber attack.
Fleets expect growth over the next 3 years
A net 27% of organisations predicting expansion of their fleet operations is a strong indication of confidence in the sector. This is comparable to the 29% figure seen in 2021 and stronger than the 21% recorded in 2020. Clearly, businesses expect a strong rebound in 2022.
“The Federation helps promote the work and successes of brokers.
MARTIN BROWN
About the Federation
The Leasing Broker Federation is an independent membership organisation supporting leasing brokers and operators across the UK. The Federation strives to better equip the business owners and brokerage employees with knowledge and skills that will allow them to keep pace with the challenges of working within this growing sector.
It also provides a business community environment for all market relevant companies, such as Leasing Companies, Funders, Manufacturers, Service Suppliers and Dealerships, looking to build and maintain mutually beneficial business relationships. These companies make up our Federation Partner Network.
The fundamentals of the Federation are to support the leasing broker sector and to help the membership to improve their businesses, by providing the following:
- Knowledge – providing up to date industry information, latest news and feature articles.
- Learning – provided through sector research, soft skills and technical training, workshops and an annual conference.
- Networking – facilitated through a ‘Meet the buyer’ event, regional dinners, workshops and the annual conference.
- Partnerships Development – build new business partnerships through our Federation Partner Network.
Membership Services – support services such as: Marketing and Business Development, Advertising, HR, Compliance, Research and Training.
Our Services
SEE BELOW A RANGE OF SERVICES TO SUPPORT THE AUTOMOTIVE BROKER INDUSTRY.
Marketing
HR
Compliance
Research
Training Hub
Advertising
Appointed Representative
Vehicle Procurement
Our partners
APD Research & Conduct Compliance
Customer satisfaction feedback and conduct behaviour compliance programmes that protect brand reputation and evidence FCA requirements.
A-Plan Insurance
Taking the hassle out of insurance.
Carmmunity
Carmmunity source and supply Ford, MG, Mercedes, BMW, Vauxhall, Renault and Peugeot, with additional brands in the pipeline for contract hire, personal contract hire and business contract hire to Leasing Companies and Brokers in the UK, via direct manufacturer or dealer support terms. This is done through its modern digital procurement platform.
CONFCARE
Safety screens to protect customers and staff.
CONFCARE is the new Business Unit of Confezioni Andrea Group, active in the production of personal protection devices and anti-infection inhalation prevention barriers for environments and vehicles.
Europcar
Specialists in providing flexible alternatives to traditional fixed term lease agreements, Europcar can offer your customers even more FLEX with commissionable packages ranging from 28-84 days to 3-18 months.
Focus Group
Stay connected anytime, anywhere, with the best voice, mobile, IT, data and energy solutions from Focus Group, a leading UK communications provider, with offices situated in Brighton, Kent and London. Whatever your size, sector or ambitions… we have got you covered!
Infinite Fleet Solutions
Has your customer been rejected by your funder?
Retain your customer, earn commission and get them mobile with IFS
Leasys
Leasys UK provide a range of personal and business contract hire for Fiat, Alfa Romeo, Jeep, Abarth, Fiat Professional and Maserati customers.
MoneyPenny
The World’s Leading Answering and Live Chat Service
MotorEasy
Wouldn’t it be great if you were able to enjoy your car, instead of the problems and stress that come with it?
That’s where we come in.
myDVS
Website solutions for Leasing Brokers and Dealers.
Motor.Lease
Project EV
Looking for the best electric vehicle charging points? Look no further…
Accelerate Broker
An advanced solution for ambitious service-focused brokers featuring workflow automation, document production, contract/fleet management, own book calculation features and more.
Silvey Fleet
Fleet Management Solutions & Fuel Cards from Silvey
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