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Written by Brian Rogerson
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Wednesday, 08 February 2012 16:59 |
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Keith Allen
With the news that ALD Automotive (ALD) is to join with Lombard’s (part of Royal Bank of Scotland) contract hire and fleet management company, Lombard Vehicle Management (LVM), comes the creation of yet another UK mega-fleet lessor.
The news follows the long-anticipated decision of RBS to wind-down its LVM business – the fifth-largest UK motor lessor – as it strives to re-adjust its balance sheet in the wake of the recession.
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Written by Gareth Roberts
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Thursday, 26 January 2012 12:48 |
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European vehicle lessors and fleet managers have been anxiously surveying the Saab vehicles in their fleets.
Saab’s demise has sparked a residual value warning from pricing data specialists Glass’s and CAP, with fleets urged to pay close attention to de-fleeting and disposal of vehicles.
Glass’s told Fleet News that values for all used Saabs have been deteriorating at a faster rate than the rest of the market throughout the past year.
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Written by Brian Rogerson
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Monday, 09 January 2012 10:23 |
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John Lewis
Despite most economists producing a dire prognosis for the year ahead, the British Vehicle Rental and Leasing Association (BVRLA) has engaged in some positive thinking by producing a ‘Fleet Optimists’ guide to 2012.
“With economic growth slipping across the world and austerity measures biting hard in the UK, business is not going to get any easier in 2012,” said BVRLA chief executive, John Lewis.
“However, road transport is an essential, not a luxury, and vehicle rental and leasing will continue to gain market share as long as businesses and consumers continue to look for cost-effective, hassle-free motoring.”
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Written by Steven Schoefs
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Thursday, 05 January 2012 16:32 |
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“Banks will be getting out of this particular line of business”
On September 30, 2011 Alphabet International completed the acquisition of ING Car Lease.
As a result of the deal, the new company now has more than 460,000 cars under management and operates in a total of 18 countries. The company has also expanded to become one of the five largest fleet management companies on the European market.
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Written by John Maslen
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Thursday, 10 November 2011 17:01 |
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John Maslen
The Fleet News FN50 listing of the UK’s largest contract hire and equipment leasing companies offers a window on to the general health of the UK economy.
The leasing companies in this year’s table serve tens of thousands of British businesses which need cars and vans for every-day transport, so leasing companies offer a direct reflection of business activity in the UK economy.
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