Author page: Ralph Morton

‘Soft’ drop to EV sales following grant reduction

Volkswagen ID.4 1ST Edition

ELECTRIC vehicles took a drop in demand following the government change to the Plug-in Car Grant on 18 March 2021. But the change in EV orders – down by 24% – was described as ‘soft’ by Fleet Procure, the broker fleet procurement platform. Utilising the intelligence of its 61 broker database, Fleet Procure said that VW ID.4 sales were ‘fantastic’ pre-grant but…

Peter Vardy Group launches leasing brokerage, supports Scottish Rugby

Peter Vardy Group launches Leasing arm sponsors Scottish Rugby

Picture above from L-R – Scotland player Ali Price; chairman of the Peter Vardy Group, Sir Peter Vardy DL; Peter Vardy group chief executive, Peter Vardy; and Scotland head coach, Gregor Townsend THE Scottish dealer group, Peter Vardy, has launched a leasing broker division. Based in Motherwell, Peter Vardy Leasing was registered with the FCA on 10 March 2021 and was officially…

FLEETCOR takes stake in EV payment management firm Mina

EV charging - FLEETCOR takes stake in Mina

THE owners of the Allstar fuel card and Allstar One Electric fuel card, FLEETCOR, have taken a minority stake in Mina, a cloud-based digital software platform for simplifying charging and payments management. The Mina platform integrates with home and work charging points to accurately capture energy costs. It means the EV tech start up is now worth £6m, up from £2m a…

SG Fleet buys LeasePlan ANZ

SG Fleet LeasePlan

SG Fleet has bought the Australian and New Zealand operations of LeasePlan in a sale and leaseback deal. The acquisition will create an AUD $2.5 billion company offering fleet management and leasing across Australia and New Zealand, with a combined 250,000 vehicles under management. Subject to regulatory approval, the deal should be completed between July and September 2021. This transformational transaction creates…

Select Car Leasing adds Frontier Vehicle Leasing to its AR programme

The Frontier Vehicle Leasing team

GLASGOW-based broker, Frontier Vehicle Leasing, has become a Select Car Leasing Appointed Representative (AR). The latest partnership brings the number of Select ARs to nine, as the Reading broker looks to expand its business footprint in 2021. Established Frontier Vehicle Leasing has been operating since 1999, but will now adopt the Select Car Leasing brand for 2021. Frontier will continue business from…

EV broker WeVee looks for funding on Seedrs

Seedrs Logo

EV specialist broker WeVee is looking to capture outside interest in its brokerage. The London-based company, run by Paul Fagan, is seeking additional investment through the Seedrs investment portal, which offers equity crowdfunding and allows growth-focused businesses to raise capital and a community in the process. Fagan told potential shareholders: “You’re invited to join us on our mission; become a WeVee shareholder…

LeaseForce drives police and armed forces

LeaseForce logo

LEASING broker LeaseForce is aiming to put the wheels under members of the police and armed forces. The Cambridgeshire broker offers personal leasing deals it markets to the two groups and says it is looking to expand into similar areas, such as the prison service, in the future. Created in 2019 by two colleagues from BMW Park Lane – Matthew Lang and…

Broker News Newsletter 24 March 2021

alphabet 1

OEMs react swiftly to grant cut WHILE the cut to the Plug-in Car Grant was, to say the least, unexpected, the OEMs are organising themselves pretty quickly under the new £35k cut off point. Citroen was the first to react with its new e-C4 model now below the new EV waterline. Yesterday Vauxhall also realigned prices of its Mokka-e to ensure it now qualifies for…