All articles by Verdict Staff
Verdict Staff
Fleet Friday VIII: PwC, Citroën. Ogilvie, Xmas
UK car sales are likely to fall but the market will be more resilient than other EU nations, due in part to the strength of fleet vehicles, according to automotive experts at Pricewaterhouse Coopers (PwC).
Basement talk
Once again, December proved that the leasing industry, despite not being perceived as the most glamorous segment of the financial services sector, is perfectly capable of holding its own when it comes to throwing a party. Last months first highlight happened on its first day, when a lunchtime gathering organised by Peter McDonnell of Cordoba bled smoothly into the FLAs Christmas Drinks to form a truly formidable double bill.
Country snapshot: France
Leasing Life has been delving into the European Union Eurostat database to discover some of the key macroeconomic and political indicators for different EU members
FLA figures show modest growth in UK leasing
In the UK, some £5bn (5.9bn) in asset finance was made available during the three months to 30 September 2011. Third quarter figures from the Finance & Leasing Association (FLA) show total asset finance lending up 5% on the same period in 2010. Total asset finance business stood at £2bn for September 2011, 4% up on September 2010, and £20.9bn for the 12 months to September, up 8% on the previous 12 months to September.
Cost an increasing worry for fleet lessors
More than half of fleet managers are making decisions entirely on cost grounds, according to research from multi-marque fleet lessor Alphabet Some 51% of fleet managers are making their business decisions based entirely on expense and, although 50% of fleet operators report costs remaining static over the past year, expenditure remains a major worry.
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Growing at a blistering pace
It started with a £250m balance sheet when it was created through the acquisition of Ruffler Bank by private equity house Anacap and other investors in May 2009
Fleet Friday: Zenith, Barclays, IDS & VWFS
A weekly roundup of fleet news from around Europe Fleet lessor Zenith has entered into an introducer agreement with Barclays Corporate.
Using leasing to ‘look better’
Dan Levy, head of financing solutions at BT Global Services, stood at the lectern not as a peer but as a client, and everyone in the room was keen to hear the view from the customer.
Multiple agreements stand or fall together
Execution of a guarantee and debenture does not have to mean a deal was reached, says Greg Standing. Where negotiations between parties for leasing, or any other contract, have proceeded on the basis that agreement has to be reached on several matters under discussion before anyone is bound, those discussions stand or fall together.