Author page: Ralph Morton

Mike Dennett to take over from Nick Brownrigg at Alphabet

Alphabet Mike Dennett new CEO

LEASING broker funder Alphabet is changing its senior executives. Former CEO Nick Brownrigg moves from the Great Britain office to take a new position as CEO of BMW Group Financial Services in the Netherlands. This is a new Alphabet role, which combines responsibility for both the retail financial services business, as well as the fleet leasing and mobility operations. Meanwhile a similar…

What’s the impact of the National Insurance rise?

New levy to fund NHS Imagev2

YOU’RE no doubt aware that the government has introduced a levy that will effectively increase National Insurance by 1.25%. It’s to fund £12 billion a year to be spent on the NHS and social care. So far so good. But what’s the impact on companies that take company cars? Essentially there will be more Class 1A NIC to pay for employees that…

One in four cars a plug-in as OEMs balance high-end ICE with EVs

Mercedes Benz EQC plug in at Ionity charger

WESTERN Europe delivered a plug-in car every four vehicles during August. This is the latest data from the European Electric Car Report, which found that pure battery electric and plug-in hybrid volumes reached 152,000 units in August, equivalent to 24.2% of the total new passenger car market. It was only the second occasion this year that battery electric vehicles (BEV) outnumbered plug-in…

Branding becomes critical for van fleets

van branding for a carpet fitter

LEASING brokers offering vans should take note of this growing opportunity: home shopping and home supply services during the pandemic have highlighted a noticeable shift in fleet attitudes to commercial vehicle branding. According to Mediafleet, an Oxfordshire-based graphics and wrapping specialist, businesses are realising that their vans are now potentially one of the most visible and effective marketing tools of the customer…

Rebrand for Hitachi Capital Vehicle Solutions

Novuna Vehicle Solutions

LEASING brokers funded by Hitachi Capital Vehicle Solutions will need to update their websites in spring next year: the leaseco is rebranding to Novuna Vehicle Solutions. Why the change? The change in trading style follows the merger earlier in the year of Hitachi Capital Corporation with Mitsubishi UFJ Lease and Finance Company Limited, forming Mitsubishi HC Capital Inc. The new name is…

Re-think needed on Super Deduction

Only purchased vans currently qualify for the super deduction

THE Chancellor’s Super Deduction allowance, offering a 130% first year allowance for main pool expenditure incurred up to April 2023, needs to be rethought to include leasing. That’s the view of the the BVRLA and six other leading trade associations who have collectively written to the Chancellor, urging him to modernise the way Government uses tax incentives to drive business investment in…

Packed agenda promised at BVRLA Leasing Broker Conference

Royal Institute of British Architects - venue for the BVRLA Leasing Broker Conference 2021

IF you haven’t yet signed up to a place at the BVRLA Leasing Broker Conference, then you had better get a move on. The BVRA is promising a packed agenda with interactive formats to allow you to get involved. Taking place at the Royal Institute of British Architects, the event will be held on Thursday 21 October 2021. Here’s what’s on the…

New Toyota hybrid van makes global debut at CV Show

Toyota Corolla Commercial Van

WELL, here’s something that’s been kept neatly under wraps by Toyota – the world debut of its Toyota Corolla van at the CV Show (31 August-02 September 2021). Based on the Corolla Touring Sports 1.8 Hybrid model but with the rear seats removed and replaced with an accessible load area and with the rear windows darkened.  The new Toyota Corolla Commercial Van…