Fleet funding - Page 16

Hippo Leasing Direct has launched a new online portal, offering partner leasing brokers the opportunity to maximise their lead revenue for customers who have been declined vehicle finance due to low credit.

Ogilvie Fleet reports huge growth in demand for Personal Contract Hire (PCH) from drivers giving up company cars.

Volvo Car UK has launched a new virtual sales team following restructuring of the firm’s wider business sales team in 2018.

Tusker has won a place on the Salary Sacrifice Cars and Associated Services Framework, which is used by more than 70 councils and 40 NHS Trusts, as well as multiple fire and police authorities.

The latest BVRLA leasing broker statistics shows a levelling out of the market during 2018 as the overall rate of growth remained at 10%, commensurate with 2017 figures.

Paragon says Government needs to introduce a loan guarantee scheme to help boost the number of electric and hybrid vehicles.

ContractHireandLeasing.com rebrands as Leasing.com, with “Say goodbye to buying” campaign.

True fleet sales were down by 7.2% in 2018, slightly ahead of the 6.8% overall decline in the new car market.

G3 Remarketing has launched a self-appraisal app, enabling motor finance customers to create and submit their own in-depth evaluation reports.

Paragon’s Commercial Lending division has doubled new lending in the past year with every product line reportedly “showing strong levels of growth”.

PVS Asset Finance is forecasting business growth after gaining regulatory approval from the Financial Conduct Authority (FCA).

The Government is being warned that a failure to recognise the impact of WLTP on tax could cause long-term damage to the fleet sector and the environment.

The fleet and leasing industry faces further uncertainty after MPs voted down Theresa May’s Brexit deal.

GKL Leasing has acquired 100% of the shares in Windsor Vehicle Leasing, with the deal approved by the Financial Conduct Authority (FCA).

The GEM Road Safety Charity has announced that the current funding window for road safety projects will remain open until January 31.

Vehicle leasing company Wheels4Sure says that 80% of its customers surveyed have switched from owning a car outright to leasing one through personal contract hire.

The study looked at five of the best-selling models in the UK and discovered that monthly lease costs had fallen by 9.5% on average.

By Tom Preston, managing director of Hippo Leasing

Joe Doyle has been appointed managing director of Zenith’s first direct-to-consumer car leasing offer, ZenAuto, as it gears up for rapid expansion.

My Club Group has launched My Club Leasing, which will specialise in car leasing for sports people.

An increasing number of businesses want to offer a broader mix of vehicle solutions as an employee benefit, according to Arval.

More than 29,000 vans and pick-ups joined UK roads, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).

Orchid has chosen FleetEurope for the provision of 35 customised Peugeot Expert vans, as part of a two-year flexible mini lease arrangement.

The country’s top 50 vehicle leasing companies collectively reported a record-breaking year, according to the latest available figures.

A new emissions testing regime, economic uncertainty and a demand for greater flexibility have all impacted fleet funding and replacement cycles over the past year.

Economic uncertainty and potential air quality restrictions have created a challenging funding environment for vans over the past year.

Fleet decision-makers also discuss cash or company car options and car clubs

By Thore Vestergaard SVP and MD, Commercial Cards, AllStar Business Solutions

Vehicle retailer Donnelly Group has extended its Donnelly Fleet services to all nine of its locations across Northern Ireland.

Close Brothers Asset Finance and Imperial Commercials have entered into a partnership to provide commercial fleets a “cost effective and competitive solution”, when it comes to fleet upgrades.

PCH vehicles in corporate circles could be neglected due to a lack of inclusive maintenance packages, warns epyx.

Tusker, one of the country’s leading providers of cars via salary sacrifice maintains it remains a “unique and valuable” benefit for employees.

Agnew Leasing has launched a new affinity car scheme aimed at giving employees access to special offers and discounts on new cars.

PCF Bank has partnered with Code Investing to provide vehicle finance to SMEs.

The Chancellor has confirmed in the Finance Bill that the Government will tax the ‘package’ of benefits received by salary sacrifice drivers with their car.

New car registrations to fleet and business are down 7.7% year-on-year, according to new figures from the Society of Motor Manufacturers and Traders (SMMT).

White Clarke Group announced acquisition of Australian equipment finance software provider Insyston, strengthening international expansion plans.

By Tom Preston, managing director at Hippo Leasing

An ongoing partnership between Honda Finance Europe and vehicle leasing specialist Arval has put more than 5,000 cars on the road in two-and-a-half years.

Despite the political impact placed on EV uptake, most drivers care more about costs, according to Close Motor Brothers.