All articles by Peter Johnstone
Peter Johnstone
BCA reports record market value for 2011 used car sales
The British used car market rose to a record high value of £35.7bn in 2011, according to British Car Auctions (BCA) used car market report for 2012. By comparison new car volumes fell by 4.4%, although a move towards larger and prestige vehicles meant that the overall value grew by £0.3bn to £29bn.
DLL extends HP finance partnership in US
Dutch lessor De Lage Landen (DLL) has extended its vendor partnership with IT manufacturer Hewlett Packard (HP) in the US by increasing the credit facility available to resellers. DLL, which has a global partnership programme the US manufacturer, will provide up to 60 days of interest free credit through four distributors, D&H, Ingram Micro, Synnex and Tech Data when they purchase eligible HP products. DLL and HP said the resellers will benefit from additional working capital and increased cash flow, as well as being able to use the lessors online system to monitor their account.