LeasePlan acquisition proceeds apace

Negotiations continue to be advanced for a group of investors to acquire full ownership of LeasePlan from its current 100% shareholder, Global Mobility Holding B.V., At this stage, however, LeasePlan still stresses that these discussions may or may not result in an agreement.

 
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LeasePlan acquisition proceeds apace

Apr 01, 2015

Negotiations continue to be advanced for a group of investors to acquire full ownership of LeasePlan from its current 100% shareholder, Global Mobility Holding B.V., At this stage, however, LeasePlan still stresses that these discussions may or may not result in an agreement.


FCA regulations to impact on UK residual values as finance margins are clipped

The recent Financial Conduct Authority (FCA) regulations around “fair selling” are likely to have an impact on residual values (RVs) in the near-to-midterm in the UK. Denis Keenan, chief executive of KeeResources said that current very high Retail and Trade values have been (long-term) supported by profits from finance paper at APR levels which are now deemed as unfair to the consumer. This, he forecast, will restrict the ability of the retail trade to be able to have next-to-no margin in the metal when it suits their marketing purposes.

 
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FCA regulations to impact on UK residual values as finance margins are clipped

Mar 24, 2015

The recent Financial Conduct Authority (FCA) regulations around “fair selling” are likely to have an impact on residual values (RVs) in the near-to-midterm in the UK. Denis Keenan, chief executive of KeeResources said that current very high Retail and Trade values have been (long-term) supported by profits from finance paper at APR levels which are now deemed as unfair to the consumer. This, he forecast, will restrict the ability of the retail trade to be able to have next-to-no margin in the metal when it suits their marketing purposes.

Women auto F&I specialists "more effective" than male colleagues – but paid less

One significant revelation from the newly-released International Auto Finance Network’s research report, CEO Study – Priorities for the Auto Finance Industry is that women now represent 50% of new car buyers, yet the majority of survey respondents (85%) had made no significant changes to meet the needs of female buyers who require motor finance. It begs the question whether women employed within the automotive industry make any more of an impact.

 
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Women auto F&I specialists "more effective" than male colleagues – but paid less

Mar 25, 2015

One significant revelation from the newly-released International Auto Finance Network’s research report, CEO Study – Priorities for the Auto Finance Industry is that women now represent 50% of new car buyers, yet the majority of survey respondents (85%) had made no significant changes to meet the needs of female buyers who require motor finance. It begs the question whether women employed within the automotive industry make any more of an impact.

CIT appoints new head of Capital Equipment Finance

CIT Group has appointed Eric Miller as managing director and group head of CIT Capital Equipment Finance. He will report directly to Burt Feinberg, president and group head of CIT Corporate Finance, Commercial & Industrial.

 
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CIT appoints new head of Capital Equipment Finance

Mar 24, 2015

CIT Group has appointed Eric Miller as managing director and group head of CIT Capital Equipment Finance. He will report directly to Burt Feinberg, president and group head of CIT Corporate Finance, Commercial & Industrial.

Major New Report by International Auto Finance Network identifies key new opportunities for growth for auto finance as industry confronts change

IAFN Spring Conference to address key concerns raised by this research produced in association with Grant Thornton and University of Buckingham New Awards scheme launched to celebrate innovation with eminent, independent judging panel overseen by Grant Thornton’s Tarun Mistry IAFN Award Winners Brand Mark launched    

 
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Major New Report by International Auto Finance Network identifies key new opportunities for growth for auto finance as industry confronts change

Mar 18, 2015

IAFN Spring Conference to address key concerns raised by this research produced in association with Grant Thornton and University of Buckingham New Awards scheme launched to celebrate innovation with eminent, independent judging panel overseen by Grant Thornton’s Tarun Mistry IAFN Award Winners Brand Mark launched    

Cifas urges a call to action as fraud in the UK mushrooms to “industrial scale”

Recorded frauds in the UK increased by 25% last year – and are increasingly well organised - according to the latest report from the UK fraud prevention service, Cifas. In total there were 276,993 frauds recorded in 2014, compared to 221,075 in 2013. The single biggest threat continues to be identity fraud – some 41% of all frauds recorded in 2014 fall into this category. Identity fraud is when criminals abuse personal data or identity details to impersonate an innocent victim or to create fictitious identities to steal money.

 
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Cifas urges a call to action as fraud in the UK mushrooms to “industrial scale”

Mar 24, 2015

Recorded frauds in the UK increased by 25% last year – and are increasingly well organised - according to the latest report from the UK fraud prevention service, Cifas. In total there were 276,993 frauds recorded in 2014, compared to 221,075 in 2013. The single biggest threat continues to be identity fraud – some 41% of all frauds recorded in 2014 fall into this category. Identity fraud is when criminals abuse personal data or identity details to impersonate an innocent victim or to create fictitious identities to steal money.

Rupert Pontin probes the “awkward” questions regarding autonomous cars

The question of how we might travel in years to come tends to provoke a multitude of fascinating responses depending on the people invited to comment and also the time period in question. Our ability to develop technology continues to increase at quite a pace and right now we find ourselves not only in the midst of adopting and accepting a new method of propulsion, in the form of electric motors that are slowly replacing the combustion engine, but also contemplating handing over direct control of vehicles to a computer.

 
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Rupert Pontin probes the “awkward” questions regarding autonomous cars

Mar 24, 2015

The question of how we might travel in years to come tends to provoke a multitude of fascinating responses depending on the people invited to comment and also the time period in question. Our ability to develop technology continues to increase at quite a pace and right now we find ourselves not only in the midst of adopting and accepting a new method of propulsion, in the form of electric motors that are slowly replacing the combustion engine, but also contemplating handing over direct control of vehicles to a computer.

Colin Tourick appointed to head Grant Thornton/Buckingham Business School auto initiative

The University of Buckingham and Grant Thornton UK LLP have announced the establishment of the Grant Thornton Chair in Automotive Management. International Auto Finance Network co-founder and automotive industry expert Colin Tourick has been elected to become the Grant Thornton Professor of Automotive Management.

 
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Colin Tourick appointed to head Grant Thornton/Buckingham Business School auto initiative

Mar 23, 2015

The University of Buckingham and Grant Thornton UK LLP have announced the establishment of the Grant Thornton Chair in Automotive Management. International Auto Finance Network co-founder and automotive industry expert Colin Tourick has been elected to become the Grant Thornton Professor of Automotive Management.

The relevance of the recent McWilliams v. Norton Finance (UK) Limited (in liquidation) ruling for UK lenders and brokers

Judgement was handed down on this appeal by the Court of Appeal on 11 March 2015.   This was the first time an appellate court had looked at the issue of disclosure of commission since the landmark Supreme Court decision in Plevin v. Paragon Finance in November 2014.  See (AFI article on this November 2014).

 
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The relevance of the recent McWilliams v. Norton Finance (UK) Limited (in liquidation) ruling for UK lenders and brokers

Mar 21, 2015

Judgement was handed down on this appeal by the Court of Appeal on 11 March 2015.   This was the first time an appellate court had looked at the issue of disclosure of commission since the landmark Supreme Court decision in Plevin v. Paragon Finance in November 2014.  See (AFI article on this November 2014).

 
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