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CLM invests for the future

Parent company Maxxia, a rapidly growing fleet finance provider, utilises CLM’s expertise in evaluating and preparing vehicles for sale. 
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January 14, 2020

CLM’s vehicle inspection, rectification and storage services is set to significantly increase its capacity.

Parent company Maxxia, a rapidly growing fleet finance provider, utilises CLM’s expertise in evaluating and preparing vehicles for sale. 

In addition to some important CLM client wins, increased demand from Maxxia for post-lease services, has driven the investment in new premises close to its Newport Pagnell head office.

CLM’s logistics operation provides vehicle inspections, repairs, valeting, vehicle reallocation services, storage and national vehicle transportation. The new 16,000 square feet site, in addition to CLM’s longstanding facility at Wharley End (49,000 square feet), will enable CLM to double its processing capacity and manage around 6,000 vehicles a year. 

John Lawrence, CLM’s Managing Director, said:  “The investment is necessary for two reasons, one that the Maxxia Group’s contract hire business is growing fast and needs the CLM resources and skills to process its end of contract vehicles.

“Two, the demand for vehicle storage and other support services from CLM’s clients has increased dramatically.  

“The CLM clients that utilise our Smartpanel service, to source vehicle finance from our panel of funders, typically use us to evaluate vehicles before they are returned to the funders.

“Our intervention allows us to intercede where subsequent end of contract recharges are unfair, or allows us to rectify vehicles on their behalves to avoid the recharges altogether. In addition, where our clients experience employee turnover, we store, refresh and reallocate vehicles so that existing vehicle contracts are optimised.  

“For Maxxia, we evaluate vehicles to ensure that if a Maxxia client does face a recharge, it is fair, in line with BVRLA standards and fully evidenced.”

 

 

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Chris Wright

Chris Wright

Chris Wright has been covering the automotive industry nationally and internationally for 30 years. Following spells with consumer titles he became News Editor of Automotive Management (AM), Editor of Automotive International, International Editor for Detroit-based Automotive News, and Editor of Dealer Update. He has also co-authored several FT Management Reports and contributes regularly to Justauto.com

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