All articles by Antonio Fabrizio
Antonio Fabrizio
European CV manufacturers ask for crisis-relief measures
European commercial vehicle manufacturers have called upon EU governments and institutions to support the ailing CV sector by investing more in infrastructure, restoring access to financing and stimulating fleet renewal. Speaking at the International Transport Forum in Leipzig, the chairman of the European Automoblile Manufacturers Association (ACEA) Leif stling said that EU governments should act in a coordinated way to prevent the failing of CV businesses.
Advanced Vehicle Leasing sees increased demand for cars, while vans go down
UK lessor Advanced Vehicle Leasing has seen demand for cars rise during the first months of the year, while demand for vans has decreased. The Tees Valley-based company, which provides vehicle contract hire and leasing to businesses across the UK, said that in Q1 2009 its market share increased by 10 percent, but with a clear shift in favour of its car business.
European CV registrations drop for 13th consecutive month
Vans were down by an average 38 percent compared to May 2008, but the drop was significantly larger in the CEE region, with a -80.8 percent recorded in the Czech Republic and a -69 percent recorded in Romania
Lessors’ financial results reveal extent of turmoil in the industry
UniCredit Leasing, the top Italian market player last year, reported a 17 percent decrease in total revenues, to 166 million Net interest income also fell, by 7 percent, compared to the first quarter of 2008, and by 15 percent compared to the last three months of last year.
Italy’s Assilea sets standard clauses for real estate leasing contracts
Italys leasing association Assilea and the Notary Council of Milan have jointly set the future standard clauses for real estate leasing contacts.
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MPS Leasing & Factoring to offer SME firms chance to defer leasing payments
A number of Italian leasing companies and banks, including MPS Leasing & Factoring, have signed an agreement with the regional administration of Tuscany to allow struggling firms to defer the payment of their loan and lease instalments until the end of the year. The initiative, which involves 13 banks and two leasing companies MPS Leasing & Factoring and Centro Leasing Banca is aimed at local small and medium-sized companies which have a good payment history with the lenders, but are now encountering problems in keeping up with payments.
Contract hire company Gulliver’s orders 18 tankers to service new contracts
CV contract hire company Gullivers has ordered 18 vehicles in a deal worth over £1 million from Whale Tankers, the manufacturer specialised in vacuum tankers and jetting equipment. With the new vehicles, Gullivers will now operate in excess of 100 tankers all from Whale and will total more than 2,500 vehicles in its fleet, ranging from small vans to large tractor units, in a network of eight regional depots.
The pleasure in leasing
With big deals still on the cards, including the financing of equipment for U2s world tour, leisure finance remains a force to be reckoned with Leisure, entertainment and media equipment lessors have experienced many of the negative effects that the economic downturn is having on leasing in general from reduced availability of funding to increases in arrears and declining residual values.
Used CV sector is holding up well but recession still bites, says Glass’s
Despite the decline in new CV sales, used business has done relatively well during the first months of the year, according to data company Glasss. Glasss said that a number of dealers have reported healthy levels of retail demand, although regional location has impacted demand There are several reasons for geographical variation, which is sometimes to be explained by regional factors where perhaps the local economy is under-performing, or a major employer has just been forced to shut down, according to George Alexander, editor of Glasss Guide to Commercial Vehicle Values.
Global truck market shrinks by 2.9% in 2008, says Research and Markets
The global market for medium and heavy trucks shrank by 2.9 percent in 2008, according to the latest report by Research and Markets, which publishes international research for an extensive array of clients including the UK government and a number of banks and multinational firms.