In-depth market knowledge drives growth at Hitachi Capital Vehicle Solutions

Vehicle asset management is facing an unprecedented time of change that is challenging operators, suppliers and funders throughout the UK. Every vehicle category is experiencing disruption as a myriad of factors influence markets, ranging from legislation and economic change to the impact of new technology and digitalisation. As the complexity of operating assets grows, operators are increasingly turning to suppliers to ease the burden through support, advice and new services.

In-depth market knowledge drives growth at Hitachi Capital Vehicle Solutions

Nov 01, 2018

Vehicle asset management is facing an unprecedented time of change that is challenging operators, suppliers and funders throughout the UK. Every vehicle category is experiencing disruption as a myriad of factors influence markets, ranging from legislation and economic change to the impact of new technology and digitalisation. As the complexity of operating assets grows, operators are increasingly turning to suppliers to ease the burden through support, advice and new services.

Volkswagen Financial Services Fleet launches free IFRS 16 Calculator

From January 1st 2019, International Financial Reporting Standards 16 (IFRS 16) will come into effect. This means that all material operating leases will need to be recorded on the balance sheet. However many fleet managers remain unclear of what IFRS 16 means to the business and the additional accounting that can add to the stress of managing a fleet.

Volkswagen Financial Services Fleet launches free IFRS 16 Calculator

Oct 23, 2018

From January 1st 2019, International Financial Reporting Standards 16 (IFRS 16) will come into effect. This means that all material operating leases will need to be recorded on the balance sheet. However many fleet managers remain unclear of what IFRS 16 means to the business and the additional accounting that can add to the stress of managing a fleet.

New boss for LeasePlan UK

LeasePlan has announced that Matt Dyer, managing director of its UK business, has been appointed as president and CEO of LeasePlan USA, with LeasePlan Italy’s MD, Alfonso Martínez, replacing Dyer in the UK. Martínez will be responsible for continuing to optimize the customer experience through LeasePlan’s Customer First ethos, supporting LeasePlan’s sustainability ambitions and assisting in the transformation of LeasePlan into a fully digitally enabled business.

New boss for LeasePlan UK

Oct 23, 2018

LeasePlan has announced that Matt Dyer, managing director of its UK business, has been appointed as president and CEO of LeasePlan USA, with LeasePlan Italy’s MD, Alfonso Martínez, replacing Dyer in the UK. Martínez will be responsible for continuing to optimize the customer experience through LeasePlan’s Customer First ethos, supporting LeasePlan’s sustainability ambitions and assisting in the transformation of LeasePlan into a fully digitally enabled business.

Europe

Arval UK expands into used vehicle leasing

Oct 08, 2018

Arval UK has launched a used vehicle leasing product called Re-Lease, aimed at the small business and consumer market. The vehicles on offer are taken from Arval’s own fleet, have fewer than 30,000 miles on the clock and are less than 30 months old. Leases are being offered at 12 and 24 months, over contract lengths from 5,000-25,000 miles per year and with prices that are typically 20% less than an equivalent new model.

Americas

Amazon signs one of world’s largest fleet deals with Mercedes-Benz

Sep 10, 2018

Amazon has become the world’s largest customer for the Mercedes-Benz Sprinter with an order for more than 20,000 vans in the US. The deal was announced as Mercedes-Benz Vans opened its new Sprinter plant for the North American market, where most of the initial production has been for the global online retailer. The facility in South Carolina cost $500 million, with more than 900 people working at the expanded site. That number is set to grow up to 1,300 by the end of 2020.

Asia Pacific

Alphabet partners with Major Profi to expand into Russia

Aug 29, 2018

Global vehicle leasing company Alphabet International has expanded into Russia in partnership with Major Profi. The agreement increases Alphabet’s global reach to 23 countries. Rüdiger Ebel, head of new markets at Alphabet International, said: “We are happy to partner with Major Profi and strengthen our presence in Russia. “Major Profi has a reputation as an excellent service provider for its customers. We look forward to working with our new partners to expand our range of services in a country with a growing economy.”