CAR LEASING

Dramatic fall in used car values won’t be repeated in 2009, predicts EurotaxGlass’s
Good new for car leasing companies and their customers, according to leading supplier of automotive intelligence and residual values, EurotaxGlass’s; used car values are unlikely to fall as dramatically in 2009 as they did in 2008. According to EurotaxGlass’s, the average monthly drop in used car values during 2008 (3.5 per cent) was almost double that [...]

BERR respond to Nissan’s job losses announcement
Car manufacturer, Nissan is to shed 1,200 at its Sunderland plant. The Sunderland plant sent workers home early over Christmas to cope with the reduced demand for new cars and calls the latest development ‘decisive action to protect the long term viability of its manufacturing operations in Sunderland.’ The plant employs around 5,000 workers. The job losses [...]

Grosvenor seeks brokers
Leading independent vehicle contract hire company has launched a new broker product. For the first time in its 27-year history, Grosvenor Contracts Leasing Limited, based in Kettering, has implemented a reseller division to complement existing sales channel and is currently recruiting broker partners to resell contract hire products. The new service is called ‘Fleet Connections’ and [...]

Government must go beyond interest rate cuts says RMIF
Following the announcement that Bank of England has cut the UK interest rate by 0.5 per cent, bringing it down to 1.5 per cent; the Retail Motor Industry Federation (RMIF) has called for further support for the car industry and the economy as a whole. The government is currently in talks with motor industry leaders  such [...]

Porsche holding in Volkswagen to be increased to over 50 per cent.
On Monday, Porsche Automobil Holding SE, Stuttgart, purchased further ordinary shares in Volkswagen AG, Wolfsburg, increasing its holding to 50.76 per cent of all ordinary voting shares in Volkswagen. As a result of passing the threshold of 50 per cent, Porsche will acquire indirect control over Scania AB, Södertälje, and is required by Swedish law [...]

UK car sales fall 11.3 per cent
UK new car sales fell 11.3 per cent in 2008 according to data provided by the Society of Motor Manufacturers and Traders (SMMT). The month of December was predictably quiet but not nearly as bad as expected the society claims. New car registrations fell 21.2 per in December to 108.691 units representing the eighth consecutive month [...]

Kia cruise through 2008
We love a success story here at ContractHireAndLeasing.com and Kia has made our day. Kia Motors (UK) Limited ended 2008 with a total new car sales figure of 31,323 - an increase of more than six per cent over 2007 despite the economic downturn that hit the UK market. Tough economic conditions saw the UK new car [...]

Finance offers for new and used Volkswagen commercial vehicles
To help commercial vehicle buyers in 2009, Volkswagen Commercial Vehicles has a host of new finance offers on some of its most popular vans, such as the Caddy, now available new from £189 a month, or used from the Volkswagen Assured Used scheme from only £99 a month. Selected new models of the Caddy, Caddy Maxi [...]

TheVanWebsite.co.uk is the place to go for commercial vehicles
Vauxhall and Mercedes Benz are advertising their commercial ranges on our sister site, TheVanWebsite.co.uk. With Vauxhall’s commercial range of Astravan, Corsavan, Combo, Movano and Vivaro mean they have the ideal solution for any commercial setting.  While Mercedes Benz’s range of Sprinter, Sprinter Vito, Vario and Viano make them a fleet manager’s dream. Visit TheVanWebsite.co.uk to search for Mercedes [...]

Toyota’s new Avensis shines for 2009
To announce the launch of the new Toyota Avensis, Toyota are advertising on our sister site, FleetDirectory.co.uk. The new Avensis makes the ideal solution for both family and business needs. With class-leading predicted residual values, the new Avensis is better than ever. Officially launched on 1st January, the new Avensis is expected to be one of [...]