Germany's federation for motor trades and repairers, the Zentralverband Deutsches Kraftfahrzeuggewerbe (ZDK ), has published guidelines for vehicle dealerships opening to the public as lockdown measures are eased.
Advice is broken down into 10 core areas, starting with general and widely adopted hygiene rules, of which employees and customers should be clearly informed.
May 18, 2020
Germany's federation for motor trades and repairers, the Zentralverband Deutsches Kraftfahrzeuggewerbe (ZDK ), has published guidelines for vehicle dealerships opening to the public as lockdown measures are eased.
Advice is broken down into 10 core areas, starting with general and widely adopted hygiene rules, of which employees and customers should be clearly informed.
|
There has arguably never been so much support for SME businesses than during the COVID-19 pandemic.
In the UK, the Coronavirus Business Interruption Loan Scheme and the newly introduced Bounce Back Loan Scheme are now thought to have provided over £10 billion worth of loans to the UK's small businesses.
The Bounce Back Loan Scheme has had a tremendous impact, with more than £5 billion of funding approved in its first three days.
May 18, 2020
There has arguably never been so much support for SME businesses than during the COVID-19 pandemic.
In the UK, the Coronavirus Business Interruption Loan Scheme and the newly introduced Bounce Back Loan Scheme are now thought to have provided over £10 billion worth of loans to the UK's small businesses.
The Bounce Back Loan Scheme has had a tremendous impact, with more than £5 billion of funding approved in its first three days.
|
Broker-introduced finance covering all asset sectors is collapsing in the UK.
The UK Finance & Leasing Association (FLA) reports that for March 2020 total asset finance introduced by brokers fell by 25% to £507 million.
The drop reflects closely the decrease in new business shown across the asset finance range as a whole where the total figure of £2.8 billion for March 2020 represented a fall of 28% for the month.
However, for financing intermediaries such as brokers the UK government’s lockdown policy presents an even greater challenge. Especially since small businesses are UK brokers’ lifeblood – and they themselves are “battening down the hatches”.
May 12, 2020
Broker-introduced finance covering all asset sectors is collapsing in the UK.
The UK Finance & Leasing Association (FLA) reports that for March 2020 total asset finance introduced by brokers fell by 25% to £507 million.
The drop reflects closely the decrease in new business shown across the asset finance range as a whole where the total figure of £2.8 billion for March 2020 represented a fall of 28% for the month.
However, for financing intermediaries such as brokers the UK government’s lockdown policy presents an even greater challenge. Especially since small businesses are UK brokers’ lifeblood – and they themselves are “battening down the hatches”.
|
New business in the UK asset finance and auto finance markets fell more than one quarter in March as the Coronavirus lockdown began, according to new figures from the Finance & Leasing Association (FLA).
Total asset finance new business (primarily leasing and hire purchase) fell by 28% during the month, compared to March 2019, pulling the market down 15% for the first quarter of the year, compared with the same period last year.
IT equipment finance was the only asset sector to report growth in March, with new business up by 15% compared with the same month in 2019 as digital solutions became a priority for UK businesses.
Over the same period, the commercial vehicle finance and plant and machinery finance sectors reported falls in new business of 32% and 23% respectively.
May 11, 2020
New business in the UK asset finance and auto finance markets fell more than one quarter in March as the Coronavirus lockdown began, according to new figures from the Finance & Leasing Association (FLA).
Total asset finance new business (primarily leasing and hire purchase) fell by 28% during the month, compared to March 2019, pulling the market down 15% for the first quarter of the year, compared with the same period last year.
IT equipment finance was the only asset sector to report growth in March, with new business up by 15% compared with the same month in 2019 as digital solutions became a priority for UK businesses.
Over the same period, the commercial vehicle finance and plant and machinery finance sectors reported falls in new business of 32% and 23% respectively.
|
Electric vehicle specialist Evezy aims to reshape the auto finance market with a dedicated subscription service that is geared up for future growth once the lockdown caused by the COVID-19 pandemic is lifted.
The company already has a fleet of more than 1,000 vehicles and stakes a claim as the UK’s largest EV provider with its service, which offers an alternative to ownership or leasing for customers.
Subscription services are a key part of the growth in servitisation in auto finance, with customers signing up for access to a vehicle without a long-term commitment.
May 11, 2020
Electric vehicle specialist Evezy aims to reshape the auto finance market with a dedicated subscription service that is geared up for future growth once the lockdown caused by the COVID-19 pandemic is lifted.
The company already has a fleet of more than 1,000 vehicles and stakes a claim as the UK’s largest EV provider with its service, which offers an alternative to ownership or leasing for customers.
Subscription services are a key part of the growth in servitisation in auto finance, with customers signing up for access to a vehicle without a long-term commitment.
|
UK small businesses are set to benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders.
UK chancellor Rishi Sunak announced on Monday 27 April that the new Bounce Back Loans scheme, which will provide loans of up to £50,000, to small and micro SMEs, would help bolster the existing package of support available to the smallest businesses affected by the coronavirus pandemic.
Apr 29, 2020
UK small businesses are set to benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders.
UK chancellor Rishi Sunak announced on Monday 27 April that the new Bounce Back Loans scheme, which will provide loans of up to £50,000, to small and micro SMEs, would help bolster the existing package of support available to the smallest businesses affected by the coronavirus pandemic.
|
Ambitious bid to put 3,000 hydrogen buses on UK roads
FCA confirms COVID-19 guidance to help motor finance and high-cost credit customers
Why data integration hubs could be key to digital transformation
Experts to examine how finance and technology ecosystems will deliver future asset finance growth
