Newsletters

Broker News Newsletter 11 May 2021

MAF Leasing sold to Begbies Traynor

Begbies buys MAF Leasing, brings new perspective on leasing broker sector INTERESTING move by Begbies Traynor, mainly known for its turnaround business, to purchase MAF Leasing as part of an £11.75m deal for the former Midland Asset Finance business. It shows that leasing brokers are beginning to register interest beyond the leasing silo. Congratulations to Sue and Dave Chapman on the sale.…

Broker News Newsletter 04 May 2021

Genesis GV80

Genesis enters UK market  WE’VE been here before with upmarket brands from mainstream OEMs and they don’t always turn out well. Let’s hope this is a success. Announced today is the latest entrant to the market: Genesis, the luxury brand from Hyundai. It will launch with two models this summer, including this GV80 SUV pictured below, before adding electric variants and attacking the corporate sector. Good…

Broker News Newsletter 27 April 2021

Broker sector continues to grow

Will stock shortages hinder market?  THE broker market looks in rude health, resilient beyond belief and ready to do business in even greater numbers. But will the semiconductor shortage hit availability? Will stock shortages frustrate sector growth? Read our special report on the broker market. All the best for the rest of the business week. Ralph Morton, editor Key stories this week:…

Broker News Newsletter 20 April 2021

Richard Chadwick Head of Alphabet Partner

BVRLA broker fleet grows in 2020 CONGRATULATIONS all you leasing brokers. Despite a difficult and testing 2020, all hurdles were overcome to increase the broker channel fleet to 379,617 vehicles, up 6% on 2019. Within seven years, that’s a threefold growth. Astonishing. The BVRLA’s report dropped just as we were going to press, so we’ll have some deeper analysis next week. But put…

Broker News Newsletter 13 April 2021

Scott Norville

Consolidation coming says Cox Automotive WE have been seeing the gradual consolidation of the dealer market – it happens with regularity. Dealer groups get bigger; the number of outlets decline. According to Grant Thornton’s Owen Edwards, writing in the new Cox Automotive magazine autofocus, over five years dealer outlets have reduced by 6.5%. It’s a trend that Edwards sees happening in the leasing…

Broker News Newsletter 07 April 2021

Volkswagen ID.4 1ST Edition

It’s not the reduced grant that will stop UK going EV… …It’s the lack of supply. While manufacturers have reacted with a degree of pleasing urgency to reduce the list price of vehicles just above £35k to just below the tidemark for grant qualification, there appears to be another issue on the horizon: getting hold of electric cars. Fleet Procure has delved…

Broker News Newsletter 31 March 2021

The Frontier Vehicle Leasing team

Innovative ideas force change Hats off to Paul Fagan for choosing an intriguing way to raise finance for the EV-only brokerage WeVee. Good luck to him and the team on Seedrs. Taking a new approach is sometimes the best way to make change happen, which is exactly what John Hazlett and Frontier Vehicle Leasing have done by teaming up with Select Car…

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…