Fleets ‘lacking insight’ on asset finance investments

Fewer than one in five fleets turn to their vehicle leasing company for key information covering safety, model specifications, and costs, according to new research.

Fleets ‘lacking insight’ on asset finance investments

Aug 15, 2017

Fewer than one in five fleets turn to their vehicle leasing company for key information covering safety, model specifications, and costs, according to new research.

Used car finance grows amid falling new car market demand

Falling UK new vehicle sales are hitting the point of sale (POS) consumer new car finance market, which is experiencing declining business volumes. New figures released today by the UK Finance & Leasing Association (FLA) show that the value of new business was flat in June compared to the same period in 2016, following an 8% fall in business volumes.

Used car finance grows amid falling new car market demand

Aug 16, 2017

Falling UK new vehicle sales are hitting the point of sale (POS) consumer new car finance market, which is experiencing declining business volumes. New figures released today by the UK Finance & Leasing Association (FLA) show that the value of new business was flat in June compared to the same period in 2016, following an 8% fall in business volumes.

Zenith combats the automotive skills shortage

Leasing company Zenith has hired 100% of its interns into permanent roles during a record year for its apprenticeship scheme as the business moves to address the automotive industry’s skills shortage.

Zenith combats the automotive skills shortage

Aug 16, 2017

Leasing company Zenith has hired 100% of its interns into permanent roles during a record year for its apprenticeship scheme as the business moves to address the automotive industry’s skills shortage.

Auto finance industry must promote positive message with ‘regulators at the door’

The auto finance industry must focus on generating positive messages as it endures a flurry of negative publicity and the growing attention of regulators. That was the message from industry leaders who recently reviewed the potential impact of an official review of the industry in the UK.Julian Rose, director of consultancy, Asset Finance Policy, explained that concerns were focused on the fact that UK household indebtedness remains high by historical standards. Regulators also want to know whether there is any sign of weaker underwriting standards that would cause a risk to lenders.Industry experts responded during a panel debate at the International Auto Finance Conference, in London. You can watch key points from their responses below in a video provided courtesy of White Clarke Group.

Auto finance industry must promote positive message with ‘regulators at the door’

Aug 08, 2017

The auto finance industry must focus on generating positive messages as it endures a flurry of negative publicity and the growing attention of regulators. That was the message from industry leaders who recently reviewed the potential impact of an official review of the industry in the UK.Julian Rose, director of consultancy, Asset Finance Policy, explained that concerns were focused on the fact that UK household indebtedness remains high by historical standards. Regulators also want to know whether there is any sign of weaker underwriting standards that would cause a risk to lenders.Industry experts responded during a panel debate at the International Auto Finance Conference, in London. You can watch key points from their responses below in a video provided courtesy of White Clarke Group.

Plant and machinery drives UK asset finance growth

New figures released by the Finance & Leasing Association (FLA) have shown strong growth for asset finance new business in the first half of 2017.

Plant and machinery drives UK asset finance growth

Aug 16, 2017

New figures released by the Finance & Leasing Association (FLA) have shown strong growth for asset finance new business in the first half of 2017.

Senior appointments to First Business Bank board of directors

First Business Financial Services has made a number of appointments to the First Business Bank board of directors. The board was formed after the holding company consolidated its three bank charters into one.

Senior appointments to First Business Bank board of directors

Aug 15, 2017

First Business Financial Services has made a number of appointments to the First Business Bank board of directors. The board was formed after the holding company consolidated its three bank charters into one.

Former Finnish prime minister joins EIB

Alexander Stubb has been appointed vice-president and member of the management committee of the European Investment Bank (EIB). Stubb, who succeeds Jan Vapaavuori, will have the oversight of EIB operations in Denmark, Estonia, Finland, Latvia, Lithuania and Sweden and in several countries outside the European Union.

Former Finnish prime minister joins EIB

Aug 15, 2017

Alexander Stubb has been appointed vice-president and member of the management committee of the European Investment Bank (EIB). Stubb, who succeeds Jan Vapaavuori, will have the oversight of EIB operations in Denmark, Estonia, Finland, Latvia, Lithuania and Sweden and in several countries outside the European Union.

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Industry Profile: Gavin Wraith-Carter, Hitachi Capital Business Finance – We are working to make finance more accessible

Hitachi Capital Business Finance is focusing on education and customer service as it aims to increase its share of the SME finance market. Small businesses tend to shy away from asset finance and there are three key reasons why they don’t consider it as an option, according to Gavin Wraith-Carter, managing director of Hitachi Capital Business Finance. He summarises the three factors as ‘access, awareness and fear’, with each playing its part in low take-up of business finance alternatives to traditional options, such as overdrafts, in the small business market.

Industry Profile: Gavin Wraith-Carter, Hitachi Capital Business Finance – We are working to make finance more accessible

Aug 14, 2017

Hitachi Capital Business Finance is focusing on education and customer service as it aims to increase its share of the SME finance market. Small businesses tend to shy away from asset finance and there are three key reasons why they don’t consider it as an option, according to Gavin Wraith-Carter, managing director of Hitachi Capital Business Finance. He summarises the three factors as ‘access, awareness and fear’, with each playing its part in low take-up of business finance alternatives to traditional options, such as overdrafts, in the small business market.

ELFF launches new website

The Equipment Leasing and Finance Foundation has launched a redesigned website.

ELFF launches new website

Aug 14, 2017

The Equipment Leasing and Finance Foundation has launched a redesigned website.

Growth plans for UK business finance scheme

The government is predicting increased future demand for the UK’s bank referral scheme after more than 8,000 businesses were referred in the first nine months.

Growth plans for UK business finance scheme

Aug 14, 2017

The government is predicting increased future demand for the UK’s bank referral scheme after more than 8,000 businesses were referred in the first nine months.

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Profits rise 32% at Aldermore Bank

Pre-tax profits at Aldermore Bank leapt 32% in the first half of the year, the business has announced.

Profits rise 32% at Aldermore Bank

Aug 11, 2017

Pre-tax profits at Aldermore Bank leapt 32% in the first half of the year, the business has announced.

Sarah-Jayne Williams to lead Ford’s European Smart Mobility team

Ford has announced that Sarah-Jayne Williams will join the company as its first director for Smart Mobility in Europe.

Sarah-Jayne Williams to lead Ford’s European Smart Mobility team

Aug 11, 2017

Ford has announced that Sarah-Jayne Williams will join the company as its first director for Smart Mobility in Europe.

Global infrastructure hit by $18 trillion funding gap

Global economies face an $18 trillion shortfall in spending on infrastructure needed to cope with economic and demographic changes in the next 20 years, a new report warns.

Global infrastructure hit by $18 trillion funding gap

Aug 10, 2017

Global economies face an $18 trillion shortfall in spending on infrastructure needed to cope with economic and demographic changes in the next 20 years, a new report warns.

RM Secured Direct Lending in maiden UK asset finance investment

RM Secured Direct Lending, a specialist in tailored debt solutions, has agreed a deal to provide up to £10 million in loans to Praetura Asset Finance.

RM Secured Direct Lending in maiden UK asset finance investment

Aug 10, 2017

RM Secured Direct Lending, a specialist in tailored debt solutions, has agreed a deal to provide up to £10 million in loans to Praetura Asset Finance.

Finance will be key to growth during journey to Brexit

Across the European Union the car manufacturing market continues to go from strength to strength. Recent figures from the Association of European Carmakers demonstrate that in spite of a number of headwinds, the sector remains strong and is almost at pre-economic crisis levels. On the other hand, these figures also highlight that while 2016 was a particularly good year for car registrations in the UK, as a nation we are falling behind a number of our European counterparts.

Finance will be key to growth during journey to Brexit

Aug 08, 2017

Across the European Union the car manufacturing market continues to go from strength to strength. Recent figures from the Association of European Carmakers demonstrate that in spite of a number of headwinds, the sector remains strong and is almost at pre-economic crisis levels. On the other hand, these figures also highlight that while 2016 was a particularly good year for car registrations in the UK, as a nation we are falling behind a number of our European counterparts.

Auto dealers ‘failing customers’ if they only offer one lender

Auto dealers which only offer a choice of one lender online are failing to meet car buyer demands for choice and could possibly be losing sales as a result, according to online retail solutions firm iVendi.

Auto dealers ‘failing customers’ if they only offer one lender

Aug 08, 2017

Auto dealers which only offer a choice of one lender online are failing to meet car buyer demands for choice and could possibly be losing sales as a result, according to online retail solutions firm iVendi.

Leasys accelerates European expansion

Leasys, the contract hire and mobility company of FCA Bank, has strengthened its European expansion after taking over the contract hire business of FCA Fleet Services UK and launching in the Germany market.

Leasys accelerates European expansion

Aug 07, 2017

Leasys, the contract hire and mobility company of FCA Bank, has strengthened its European expansion after taking over the contract hire business of FCA Fleet Services UK and launching in the Germany market.

‘Stunning’ growth in records exposed in data breaches

The scale of data breaches affecting consumers and companies has been revealed in new research that shows six billion records were compromised in the first half of 2017.

‘Stunning’ growth in records exposed in data breaches

Aug 07, 2017

The scale of data breaches affecting consumers and companies has been revealed in new research that shows six billion records were compromised in the first half of 2017.

SME business savings fall 20% in a year

The national average for SME business savings in the UK fell 20% in the past year, research carried out by Hampshire Trust Bank has revealed.

SME business savings fall 20% in a year

Aug 07, 2017

The national average for SME business savings in the UK fell 20% in the past year, research carried out by Hampshire Trust Bank has revealed.

James Tew reports online auto sales are being used by dealers to pursue faster stock turnaround  

Dealers are turning to online car and van sales in order to pursue a faster turnaround of stock in...

German ministers and carmakers meet to 'save diesel'

Since Volkswagen admitted to cheating US diesel emissions tests in September 2015, Chancellor Ange...

Banning diesel cars - and plummeting RVs - may dent auto finance

Banning diesel vehicles in European cities could threaten the way automakers help to finance car s...

Thousands of finance leads wasted, research finds

Vehicle dealers are missing online sales opportunities by failing to engage with potential custome...