Digital Summit will run over a week in February, bringing keynote speakers, knowledge sessions and sponsor updates during a daily 2-hour window on each day. Chose what you want to log in to, based on your area of interest, and we will be delivering content based on the feedback you provided in the research waves, as well as providing an update on the most recent market trends.
This year Leasys UK, the contract hire division of Fiat Chrysler Automobiles Bank (FCA Bank) which represents the Fiat, Abarth, Alfa Romeo, Jeep, Fiat Professional and Maserati brands, has introduced a slew of new products which has ensured its continued growth. In spite of the challenges 2020 has thrown up, Leasys UK has grown by 23% so far taking its fleet size to 16,461 vehicles, its largest ever.
The research, powered by APD Global, draws out the most up to date trends in the vehicle leasing market with further insight provided by industry experts. You can access the survey at any time and the results are being regularly updated.
New models and ongoing financial incentives helped initially to sustain UK demand in the month, but the introduction of a ‘firebreak’ lockdown in Wales on 23 October contributed to the nation recording 25.5% fewer registrations by the end of the month, which accounted for more than half of the overall UK decline.
The consumer used car finance market reported growth in new business volumes of 9% in September 2020 compared with the same month in 2019. In the nine months to September 2020, new business volumes in this market fell by 19% compared with the same period in the previous year.
IFS deals with brokers' customers where we may be the only option when it comes to getting behind the wheel of a car. Many of our options for customers are relatively short term - 3 to 12 months - which provides a temporary solution to customers who may be able to go back to traditional finance methods after an initial period.
FCA said it is important that borrowers who can afford to make repayments continue to do so and urged consumers not to contact their lender until the enhanced measures are in place. Lenders will soon provide further information. Under the FCA’s proposals, borrowers would have until 31 January 2021 to request an initial payment deferral.
Research into the Society of Motor Manufacturers and Traders (SMMT) vehicle registration data by Cornwall Insight shows Battery Electric Vehicles (BEVs) in 2020 have already grown 76.1% on the whole of 2019.
The Authority will propose that consumer credit customers who have not yet had a payment deferral under its July guidance can request one. This could last for up to 6 months unless it is obviously not in the customer’s interests. Under the proposals borrowers who are currently benefitting from a first payment deferral under the July guidance would be able to apply for a second deferral.
Study shows that drivers won’t make the switch because of high costs, limited charging access and poor range, but is any of this true? The survey reveals that drivers have an outdated ideas of EVs as they don’t think they have developed over the past 5 years.
Guaranteed Asset Protection is a bit of a mouthful, but picture the “gap” it covers and things become much clearer. Leasing Broker Federation partner MotorEasy can help you navigate GAP insurance if you follow these guidelines
Hughes has almost 20 years fleet industry experience and her focus is to take responsibility for the development and growth of strategic relationships with UK leasing companies and vehicle manufacturers (OEMs), plus the customer service team and account managers.
Fleet electrification is already aligned with UK climate goals. The Government had previously identified the rapid adoption of electric vehicles as the “least cost pathway” to achieving the nation’s goal of net zero greenhouse gas emissions by 2050.
New client insights package takes the guesswork out of tactical purchasing decisions for dealerships and brokers. Leading the way for technology in the new car space, the software allows clients to understand what vehicles consumers are searching for, viewing, and saving to their ‘virtual garage’, where they track deals over time and receive a notification when their preferred deal drops in price.
Parkinson has been a BVRLA leasing broker committee member since 2015. The committee is comprised of member representatives from a cross-section of large and small organisations, including vehicle leasing brokers and funders with a remit is to improve industry standards, particularly around financial compliance.