Fleet funding - Page 13

Sogo has announced a partnership with BP to help customers run greener fleets by expanding its fleet of electric vehicles (EVs).

Car retailer Peter Vardy Group has launched a new leasing division, Peter Vardy Leasing.

Finance technology firm IDS has acquired asset finance solutions business White Clarke Group.

Octopus Electric Vehicles has launched a new leasing service offering electric cars on a salary sacrifice scheme.

Businesses are fundamentally changing the way they fund their vehicles due to the impact of Covid-19 and fleet electrification, says ARI.

Flexible leasing business Sogo is launching a range to offers to support fleets and businesses during periods of economic uncertainty.

Fleet demand for vehicle contracts with greater flexibility has paved the way for newcomer Sogo to launch as a disrupter in the car leasing sector.

Eurocar Mobility Group UK plans to extend its green fleet, strong demand continues to demand record peak period for Nexus and Volkswagen names its top UK retailer.

Increasing demand for battery electric vehicles (BEVs) is driving record growth in salary sacrifice car scheme orders, according to Zenith.

Lloyds Banking Motor Finance and Leasing has made two new senior appointments, SOGO appoints its first head of remarketing and Fleet Operations welcomes a new business development manager.

Changes give fleets the opportunity to cut costs by leasing thanks to significant whole life costs savings, says CBVC Vehicle Management.

The latest news in briefs from the fleet industry including Midlands Asset Finance (MAF) launching its new brand and Vimcar achieves a company milestone.

By using IoT and mobile access technology, businesses can stay ahead of competition and adjust to market changes more effectively, says Julian Smith, business development manager at Columbus UK.

A growing number of businesses are opting to offer PCH schemes to cash takers alongside the traditional company car, in order to avoid issues with older grey fleet vehicles.

Fleet industry veteran Maurice Howkins has joined his sons flexible leasing business SOGO as corporate sales director.

Jato Dynamics has partnered with Sofico to provide leasing companies with accurate WLTP data that can be passed on to fleet customers.

The BVRLA’s 2020 Annual Review shows that 82% of its members are satisfied with the organisation, up from 78% last year.

Salary sacrifice car schemes are at a ‘tipping point’ says Paul Gilshan, boss of leasing company Tusker.

The need to replace vehicles in a cost-effective way has become ever-more important as economic uncertainty looms and fleets face a new mandate from the Government to decarbonise.

Select Car Leasing has partnered with several leasing brokers throughout the UK to expand its customer base.

The British Vehicle Rental and Leasing Association (BVRLA) has written to HM Treasury ahead of the Spring Budget to outline fiscal measures required to support the fleet sector's recovery.

Electric and hybrid vehicles accounted for 70% of new car orders placed with Tusker during 2020, as company car drivers increasingly desire electrified vehicles.

Vehicle rental company Sixt is gearing up for a boom in demand for commercial vehicle rental by appointing Daniel Marasch as board member for Van & Truck.

Insurance and Mobility Solutions (IMS) has partnered with Sogo to supply telematics solutions focused on asset protection and collision detection.

Alphabet GB has launched Alphabet Motion, a new Personal Contract Hire (PCH) platform developed to suit corporate customers.

Salary sacrifice for cars is seeing a resurgence as low benefit-in-kind tax rates for electric vehicles provides an economically attractive option.

Nine months after launch, Bridle Group’s new franchise proposition has signed up 27 brokers from start-ups to long-established companies.

Drivers urged to carry out regular maintenance checks to avoid costly fair wear and tear outlay, reports Gareth Roberts

Gary Curran has been appointed as leasing and rental manager for Kia Motors UK, effective from January 1, 2021.

Volkswagen Financial Services (VWFS) has launched a new leasing package for VW Group electric vehicles (EVs) that lowers the cost to consumers and engages retailers.

New UK managing director Nick Caller sets out an ‘aggressive’ plan for growth focused on finance lease and fleet management services

Residual values could fall by 10% over the next year as the economic effects of a recession and high unemployment bite.

Full electric vehicles have been given a major boost by the 0% benefit-in-kind tax move, reports Sarah Tooze

Fiat Chrysler Automobiles (FCA Group) has launched a dedicated online auction platform to sell end-of-contract vehicles from its Leasys and FCA Bank businesses.

Karl Howkins, managing director of SOGO, explores the need for flexibility and resilience in the fleet industry.

UK vehicle leasing companies say that lessons learned during the first lockdown mean processes are in place to ensure fleet services continue.

Zenith has implemented Quotevine’s new Radia terms management system, which promises to provide a more painless transaction process and ‘transform’ the UK leasing market.

Cox Automotive has highlighted the opportunities for fleets and leasing companies to evolve their business models and invest in new partnerships, in its 2020 Automotive Insight Report.

The leasing company has outlined its mobility ambitions, while still growing its new and used vehicle leasing fleet.

Tusker says that more than 45% of all new orders over the past 30 days have been for pure electric vehicles (EVs).