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Consumer car finance market falls 10%

By |2021-10-11T15:28:55+01:00October 11th, 2021|Categories: Leasing & Finance News|Tags: , , |

The consumer new car finance market reported a fall in new business of 13% by value and 18% by volume in August compared with the same month in 2020. In the eight months to August 2021, new business volumes in this market were 16% higher than in the same period in 2020. The percentage of private new car sales financed by FLA members in the twelve months to August 2021 was 93.3%, down from 93.7% in July.

Alphabet’s Katie Asplin wins Rising Star at Car Finance Awards 2021

By |2021-10-10T11:17:10+01:00October 11th, 2021|Categories: Leasing & Finance News|Tags: , , , , |

The Car Finance Awards champion the best in class to inspire the entire sector to continue to deliver outstanding services. It remains the only awards programme to connect dealers, lenders and brokers and celebrates excellence across a number of areas in the vehicle industry, including finance, technology, diversity and inclusion, exceptional performance, and sustainability.

Sofico Services UK appoints Page to head up sales and marketing

By |2021-10-11T08:52:17+01:00October 11th, 2021|Categories: Leasing & Finance News, On the move|Tags: , , , , |

Reporting to country head Roger Smith, Page will be responsible for developing sales and marketing opportunities for Sofico’s Miles Enterprise Solution which is used by a broad range of leasing and mobility companies in 27 countries all around the world. 

September registrations with weakest since 1998

By |2021-10-07T15:33:56+01:00October 7th, 2021|Categories: Leasing & Finance News|Tags: , , , , |

Registration of  215,312 cars during the month represented a fall of 34.4% on September 2020, when pandemic restrictions were significantly curtailing economic activity. September is typically the second busiest month of the year for the industry, but with the ongoing shortage of semiconductors impacting vehicle availability, the 2021 performance was down some 44.7% on the pre-pandemic ten-year average.

Select Car Leasing revamps Electric division

By |2021-10-07T15:11:11+01:00October 7th, 2021|Categories: Leasing & Finance News|Tags: , , |

Reading-based independent car and van leasing specialist, established in 2004, has had a dedicated ‘Select Electric’ web presence since last year, offering an extensive range of hybrid and electric vehicles. Now it has revealed how a recruitment drive has lit the fire under the Select Electric brand, with a specialist new team put together to ensure it can meet the needs of both personal contract hire and business lease customers.

Long term update – Ford Tourneo Active end of term report

By |2021-10-07T14:53:04+01:00October 7th, 2021|Categories: Leasing & Finance News|

As much as the Tourneo's size is its strength, it's also its weakness when it comes to those tight country lanes and even tighter village roads. This is a big beast to handle and it's size and weight do have an effect on fuel economy with a return of 31.4mpg rising to 39.5mpg in a long motorway run. Load carrying, though, is where the Tourneo scores, be it people or cargo. There's plenty of room for all the weekend-away paraphernalia, although if you are fully laden with people - all eight of them - you would struggle to fit the suitcases in.

Upcoming emissions regulations add to supply woes

By |2021-10-07T14:42:50+01:00October 7th, 2021|Categories: Leasing & Finance News|Tags: , , , , |

OEMs struggling to hit CAFE requirements could have a knock-on effect for fleets according to Rivervale Leasing which, like many Leasing Broker Federation members, is experiencing vehicle supply problems. Leasing Broker News last week reported that shortages of semi-conductors leading to  vehicle to production delays and the ‘de-contenting’ of electronic equipment, as well as logistics issues, are leaving brokers short of cars and with unhappy customers.

Lex Autolease helps business accelerate sustainability effort

By |2021-10-04T16:30:29+01:00October 5th, 2021|Categories: Leasing & Finance News|Tags: , , |

In addition to a green salary sacrifice scheme, Esri UK’s company car scheme has also been enhanced, with allowances increased by 20%, on average, to encourage take-up of electric vehicles. As a result, the business has already seen a 68% reduction in the fleet’s overall CO2 emissions, with electrified vehicles now accounting for more than 76% of the make-up of Esri UK’s fleet.

Leasing Options extends contactless offering

By |2021-10-01T09:43:22+01:00October 1st, 2021|Categories: Leasing & Finance News|Tags: , , |

Leasing Options has invested significantly in research and development into its in-house IT solutions, resulting in market leading, bespoke CRM and communication systems. The new WhatsApp offering, initially available during Leasing Option's working hours, has also been fully integrated into the existing bespoke website TextBot function so customers can ask any questions relating to leasing, and receive a response via WhatsApp straight to their phone.

Supply shortages put brokers under pressure from customers

By |2021-10-04T09:40:09+01:00October 1st, 2021|Categories: Leasing & Finance News|Tags: , , , , , |

Brokers said they are experiencing supply and lead-time issues although it does vary from OEM to OEM. One broker reported that a prestige brand recently cancelled up to 100 orders due to be built this year and decided to close 2021/22 model year production on two models altogether.

Rolls-Royce to launch its first EV in 2030

By |2021-09-30T12:10:04+01:00September 30th, 2021|Categories: Leasing & Finance News|

Chief Executive Officer, Torsten Müller-Ötvös, described the announcement as the "most significant day in the history of Rolls-Royce Motor Cars since 4th May, 1904" when founding fathers, Charles Rolls and Sir Henry Royce, first met and agreed that they were going to create ‘the best motor car in the world’.

Alphabet announces Leadership Team changes

By |2021-09-30T09:35:24+01:00September 30th, 2021|Categories: Leasing & Finance News, On the move|Tags: , , , , , |

Current BMW Financial Services Chief Executive Mike Dennett will also assume the role of CEO for Alphabet in the UK, in addition to his present responsibilities. Ursula Wingfield takes on the role of Chief Financial Officer for Alphabet (GB), in addition to her current role as CFO for BMW Financial Services (GB)

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