Automotive businesses urged to understand global market changes to navigate potential storms

Cox Automotive believes trends within the global automotive market may hold the key to navigating the turbulence that awaits the industry in the coming months. The company’s market tracker for August 2022 shows continued market stabilisation in the new market, despite supply imbalances causing higher than normal age and mileage increases at a wholesale level.

Automotive businesses urged to understand global market changes to navigate potential storms

Sep 22, 2022

Cox Automotive believes trends within the global automotive market may hold the key to navigating the turbulence that awaits the industry in the coming months. The company’s market tracker for August 2022 shows continued market stabilisation in the new market, despite supply imbalances causing higher than normal age and mileage increases at a wholesale level.

UTA Edenred launches new UTA eCharge electric charging solution in Germany

German customers of UTA Edenred, a leading mobility service provider in Europe and an Edenred company, can now use UTA eCharge, a new solution for charging electric and hybrid vehicles. UTA eCharge provides access to over 295,000 public charging points in 32 European countries.

UTA Edenred launches new UTA eCharge electric charging solution in Germany

Sep 22, 2022

German customers of UTA Edenred, a leading mobility service provider in Europe and an Edenred company, can now use UTA eCharge, a new solution for charging electric and hybrid vehicles. UTA eCharge provides access to over 295,000 public charging points in 32 European countries.

BVRLA Road to Zero report card shows progress towards zero emissions

The BVRLA has today published its annual snapshot of the UK’s progress towards a sustainable future, looking at demand, supply and infrastructure for zero emission vehicles. Overall, the picture for 2022 shows that demand from fleets is strong across the board. Fiscal incentives, increased choice and changing mindsets on transitioning to zero emission fleets have seen progress for cars, vans and trucks.

BVRLA Road to Zero report card shows progress towards zero emissions

Sep 21, 2022

The BVRLA has today published its annual snapshot of the UK’s progress towards a sustainable future, looking at demand, supply and infrastructure for zero emission vehicles. Overall, the picture for 2022 shows that demand from fleets is strong across the board. Fiscal incentives, increased choice and changing mindsets on transitioning to zero emission fleets have seen progress for cars, vans and trucks.

 
 

Alice Altemaire, CEO of RCI Bank UK to be Asset Finance Connect Conference auto keynote

Asset Finance Connect (AFC) is delighted to announce that this year’s opening auto finance keynote address for its November 3rd event will be delivered by Alice Altemaire, CEO of RCI Bank UK. Alice Altemaire will focus on sustainable innovation in auto financial services and products, and discuss how they can improve our lives, respect the planet and deliver a sustainable future for all.

Alice Altemaire, CEO of RCI Bank UK to be Asset Finance Connect Conference auto keynote

Sep 16, 2022

Asset Finance Connect (AFC) is delighted to announce that this year’s opening auto finance keynote address for its November 3rd event will be delivered by Alice Altemaire, CEO of RCI Bank UK. Alice Altemaire will focus on sustainable innovation in auto financial services and products, and discuss how they can improve our lives, respect the planet and deliver a sustainable future for all.

 

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Alfa publishes new paper on systems integration

Alfa, the developer of Alfa Systems, the software platform for providers of automotive, wholesale and equipment finance, has published the third paper in its Innovation in Implementation series focusing on best practice in systems integration. Previous papers in the series, which guides decision-makers and project leads on how to approach modern enterprise software implementations, have discussed phased implementations and complex data migrations.

Alfa publishes new paper on systems integration

Aug 08, 2022

Alfa, the developer of Alfa Systems, the software platform for providers of automotive, wholesale and equipment finance, has published the third paper in its Innovation in Implementation series focusing on best practice in systems integration. Previous papers in the series, which guides decision-makers and project leads on how to approach modern enterprise software implementations, have discussed phased implementations and complex data migrations.

 

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Solifi Global Leasing Report 2022 reveals industry resilience in the face of pandemic challenges

A new report launched today provides a detailed insight into the impact of the global pandemic on the international asset finance industry and predicts a return to health for the market this year. The Solifi Global Leasing Report uncovers the real-world impact of the crisis as it unfolded, resulting in significant business reductions around the globe, but also some unexpected highlights.

Solifi Global Leasing Report 2022 reveals industry resilience in the face of pandemic challenges

Mar 02, 2022

A new report launched today provides a detailed insight into the impact of the global pandemic on the international asset finance industry and predicts a return to health for the market this year. The Solifi Global Leasing Report uncovers the real-world impact of the crisis as it unfolded, resulting in significant business reductions around the globe, but also some unexpected highlights.

 

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British Business Bank agrees ENABLE Build guarantee with Hampshire Trust Bank

Hampshire Trust Bank (HTB) has secured an ENABLE Build guarantee via the British Business Bank and The Department for Levelling Up, Housing and Communities (DHLUC). It follows HTB’s previous ENABLE Guarantee, agreed in 2017, which has so far provided £342m in SME housebuilder funding and supported the building of 1547 new housing units.

British Business Bank agrees ENABLE Build guarantee with Hampshire Trust Bank

Sep 21, 2022

Hampshire Trust Bank (HTB) has secured an ENABLE Build guarantee via the British Business Bank and The Department for Levelling Up, Housing and Communities (DHLUC). It follows HTB’s previous ENABLE Guarantee, agreed in 2017, which has so far provided £342m in SME housebuilder funding and supported the building of 1547 new housing units.

Current economic climate is worse than during the pandemic, say 79% of SMEs

New research from SME funder, Bibby Financial Services (BFS), sheds further light onto the cost of doing business emergency unfolding for the UK’s small and medium sized businesses as they fight for survival. Findings from the latest SME Confidence Tracker survey, which explores the views of 500 SME owners and decision makers, shows many are at breaking point, with almost four in five (79%) stating the current economic landscape is worse than the pandemic and just one in ten (11%) fully prepared to deal with further cost rises expected.

Current economic climate is worse than during the pandemic, say 79% of SMEs

Sep 21, 2022

New research from SME funder, Bibby Financial Services (BFS), sheds further light onto the cost of doing business emergency unfolding for the UK’s small and medium sized businesses as they fight for survival. Findings from the latest SME Confidence Tracker survey, which explores the views of 500 SME owners and decision makers, shows many are at breaking point, with almost four in five (79%) stating the current economic landscape is worse than the pandemic and just one in ten (11%) fully prepared to deal with further cost rises expected.

Renaissance Asset Finance expands business development team

Renaissance Asset Finance (RAF), a subsidiary of Arbuthnot Latham, the private and commercial bank, is pleased to announce the appointment of Ian Butcher to the role of Senior Relationship Manager, bolstering its wider business development capabilities.

Renaissance Asset Finance expands business development team

Sep 21, 2022

Renaissance Asset Finance (RAF), a subsidiary of Arbuthnot Latham, the private and commercial bank, is pleased to announce the appointment of Ian Butcher to the role of Senior Relationship Manager, bolstering its wider business development capabilities.

 

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Capitas Finance Founder raises £13,000 for Wings for Life with Swiss Epic challenge

The founder and Chief Commercial Officer of Capitas Finance, a specialist in financing energy solutions, has completed a gruelling five-day mountain bike cross-country endurance stage race through the Alps, smashing his fundraising target for spinal cord research in the process.

Capitas Finance Founder raises £13,000 for Wings for Life with Swiss Epic challenge

Sep 20, 2022

The founder and Chief Commercial Officer of Capitas Finance, a specialist in financing energy solutions, has completed a gruelling five-day mountain bike cross-country endurance stage race through the Alps, smashing his fundraising target for spinal cord research in the process.

Demand for used EVs gathers pace

Sales of used EVs gathered pace again in August despite a softening of the overall UK market according to INDICATA’s latest insights report. Sales were up 53.3% year-on-year from July but a shortage of the right type of stock continues to prevent sales growing even further.

Demand for used EVs gathers pace

Sep 20, 2022

Sales of used EVs gathered pace again in August despite a softening of the overall UK market according to INDICATA’s latest insights report. Sales were up 53.3% year-on-year from July but a shortage of the right type of stock continues to prevent sales growing even further.

Richard Jones leaves Lloyds Banking Group to join Motonovo

In a surprise move for the auto finance industry, it has been announced that Managing Director Richard Jones will be leaving Lloyds Banking Group to join Motonovo. He will be replaced by Nick Williams who is currently Group Transformation Officer at Lloyds Banking Group. Details are just emerging but the news was announced to staff yesterday lunchtime.

Richard Jones leaves Lloyds Banking Group to join Motonovo

Sep 14, 2022

In a surprise move for the auto finance industry, it has been announced that Managing Director Richard Jones will be leaving Lloyds Banking Group to join Motonovo. He will be replaced by Nick Williams who is currently Group Transformation Officer at Lloyds Banking Group. Details are just emerging but the news was announced to staff yesterday lunchtime.

 

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Car dealers are reaching systems overload says Autofinity

Inaccurate and inconsistent vehicle information contained in as many as 300 disparate dealership systems is stifling growth, creating inefficiencies, and leaving dealer groups open to non-compliance irregularities, according to Autofinity’s CEO Andy Whitehair. “The multiple systems in the dealer’s eco system have specific purposes and tasks to fulfil but are not compatible and nor are they set up to collate rich data on each vehicle,” Whitehair said.

Car dealers are reaching systems overload says Autofinity

Sep 16, 2022

Inaccurate and inconsistent vehicle information contained in as many as 300 disparate dealership systems is stifling growth, creating inefficiencies, and leaving dealer groups open to non-compliance irregularities, according to Autofinity’s CEO Andy Whitehair. “The multiple systems in the dealer’s eco system have specific purposes and tasks to fulfil but are not compatible and nor are they set up to collate rich data on each vehicle,” Whitehair said.

Paul Rigby Group rolls out INDICATA used car pricing platform

The Paul Rigby Group is the latest dealer group to roll the INDICATA used car pricing platform to help manage its used cars more efficiently and develop multi-pricing strategies for OEMs and non-franchise stock. Paul Rigby runs two Volvo, two MG, one Hyundai, one Polestar and one LEVC dealership in the West Midlands and has rolled INDICATA out to improve the consistency of its part exchange pricing for each brand and to ensure retail pricing is competitive with rival local dealers.

Paul Rigby Group rolls out INDICATA used car pricing platform

Sep 15, 2022

The Paul Rigby Group is the latest dealer group to roll the INDICATA used car pricing platform to help manage its used cars more efficiently and develop multi-pricing strategies for OEMs and non-franchise stock. Paul Rigby runs two Volvo, two MG, one Hyundai, one Polestar and one LEVC dealership in the West Midlands and has rolled INDICATA out to improve the consistency of its part exchange pricing for each brand and to ensure retail pricing is competitive with rival local dealers.

Partnership agreement between BPW and service network Alltrucks

The Alltrucks service network founded by Bosch, Knorr-Bremse and ZF is enhancing its service and trailer expertise with axles, running gear solutions and e-solutions from BPW. The Alltrucks partners in central Europe will provide BPW mobility products and digital spare parts services from the start of 2023. Vehicle operators will benefit from faster, safer and closer trailer services.

Partnership agreement between BPW and service network Alltrucks

Sep 16, 2022

The Alltrucks service network founded by Bosch, Knorr-Bremse and ZF is enhancing its service and trailer expertise with axles, running gear solutions and e-solutions from BPW. The Alltrucks partners in central Europe will provide BPW mobility products and digital spare parts services from the start of 2023. Vehicle operators will benefit from faster, safer and closer trailer services.

Aldermore announces strong growth in lending and profits 

In full year results to 30 June 2022, Aldermore Group has delivered a 30% growth in profit before tax to £204.7m (FY2021: £157.8m). The bank is now supporting a record 750,000 customers which has helped drive 10% growth in net lending at improved margins and at a stable cost of risk.

Aldermore announces strong growth in lending and profits 

Sep 15, 2022

In full year results to 30 June 2022, Aldermore Group has delivered a 30% growth in profit before tax to £204.7m (FY2021: £157.8m). The bank is now supporting a record 750,000 customers which has helped drive 10% growth in net lending at improved margins and at a stable cost of risk.

Arval signs agreement for the acquisition of Terberg Business Lease Group in the Netherlands and Belgium

Arval announces today that its Dutch subsidiary Arval B.V. has signed an agreement for the acquisition of Terberg Business Lease Group B.V. (TBLG) from its shareholders Royal Terberg Group and AutoBinck Group. TBLG is a full-service leasing provider with a strong position in the direct channel of the Dutch private lease market, a well-developed e-commerce platform with the JustLease label.

Arval signs agreement for the acquisition of Terberg Business Lease Group in the Netherlands and Belgium

Sep 15, 2022

Arval announces today that its Dutch subsidiary Arval B.V. has signed an agreement for the acquisition of Terberg Business Lease Group B.V. (TBLG) from its shareholders Royal Terberg Group and AutoBinck Group. TBLG is a full-service leasing provider with a strong position in the direct channel of the Dutch private lease market, a well-developed e-commerce platform with the JustLease label.

 

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Alfa announces wealth of new features in Alfa Systems Version 5.7

Alfa, provider of Alfa Systems - the software platform for asset finance - has announced its lates...

Ogilvie Fleet slashes emissions as its EV fleet charges ahead

In recognition of World EV Day 2022, Ogilvie Fleet revealed it has been surging ahead of the curve...

Finativ announces the appointment of two new consulting directors

As the economic outlook drives increased pressure on finance companies to improve productivity and...

Capitas Finance and Alfa join forces for energy efficiency whitepaper

Capitas Finance, who specialise in offering a range of funding options to help businesses overcome...

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