All articles by Antonio Fabrizio
Antonio Fabrizio
Boom in CV sales at Manheim Auctions
The number of commercial vehicles sold at Manheim Auctions Mansfield centre has soared this year, the auction house has said The company said that by the end of September a total of 1,620 vans worth in excess of £4.2 million (4.69 million) were sold at its Mansfield centre, more than the whole of 2008. Alex Wright, CV sales director at Manheim Auctions, said: The significant growth of Mansfields light commercial vehicle auction business is clear for all to see
Daimler FS extends contract with CGI to 2017
IT specialist CGI Group has extended to 2017 its contract with Berlin-headquartered Daimler Financial Services to provide a full end-to-end applications management service for Daimler FS international vehicle asset financing. Daimler FS director for IT financial services and sales Markus Sontheimer said: CGI has been a long term partner of Daimler FS and we will further develop our working relationship to share our goals and provide quality services.
Europe’s CV registrations down 35.6 percent in nine months
According to Europes automobile manufacturers association ACEA, new van and truck registrations were down 27.7 percent last month, compared to September last year. For the first nine months of 2009, there were 1,270,241 commercial vehicle registrations across Europe, 35.6 percent less than the first three quarters of last year.
IDS expands automated workflow capabilities
The asset finance software provider said that is latest packaging of native workflow and business rules capabilities includes a broader range of ready-to-deploy workflow automation for its front-office and back-office solutions, Rapport and ProFinia. Todd Davis, CEO of IDS, said: These new out of the box workflow innovations result from ongoing market research with our more than 250 customers operating in 34 countries, as well as our sustained product development investment.
Spanish leasing association launches ex-lease service
Asociacin Espaola de Leasing (AEL), Spains leasing association, has launched a new on line distribution channel for ex-lease assets. The 114 members of AEL will be able to sell all types of assets from cars to trucks and equipment via a dedicated web portal called MOBU (Online Marketplace for Used Assets). AEL president Tomas Perez Ruiz said that the platform will contribute to the recovery of the market for used assets, and will constitute a business opportunity for all companies involved.
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Innovative solar power plant to be financed through leasing
Italys Monte dei Paschi (MPS) has just secured a leasing agreement for a solar electric power plant in the Puglia region in Southern Italy Solar technology company SunPower will build for Bluenergia a 1-megawatt solar electric power plant, which will be financed by the Siena-based banking group through leasing.
Used van prices rise again, says BCA
Van prices continued to rise in September, according to British Car Auctions (BCA) figures. With an average value of £3,862, used light commercial vehicles increased by £117 over 3 percent month on month
UBI Leasing and MPS Leasing join moratorium for SMEs
UBI Leasing, part of UBI Banca, and MPS Leasing e Factoring, the leasing arm of Tuscan-based banking group Monte dei Paschi di Siena, have agreed to temporarily suspend the debts of their clients
Italease shareholders approve capital increase
Shareholders at troubled Banca Italease have approved a capital increase for a maximum of 1.2 billion, the company has announced. At an extraordinary meeting held earlier this week, shareholders voted on a number of actions to help restore the companys health, including the share capital increase within 12 months via the issue of option rights to offer to shareholders.
Asset finance in clean energy down in Q3, but expected to rise
Worldwide asset finance for renewable energy during Q3 2009 dropped from $24.1 billion to $19.2 billion in Q2, but is expected to expand again soon according to a research from New Energy Finance (NEF). NEFs research showed that asset finance still constitutes the largest portion of overall clean energy investments, and despite the $4.9 billion drop on a quarterly basis, it was still far above Q1s total of $11.4 billion, which was the lowest since the beginning of 2006.