DELIVERIES of new cars by vehicle leasing and fleet management specialists Arval fell by only 2% in 2021 compared to the previous year, despite industry-wide supply issues. Although vehicle supply is still far from pre-pandemic levels, Arval UK has managed shortfalls carefully by working closely with customers to make sure their needs are met. Paul Hyne, commercial director at Arval UK has…
TODD Williams, head of broker at funder Arval, is now named head of retail. He retains control of the leasing broker channel. Arval says the move is part of some key changes to its commercial management team and its broader retail structure focused on boosting growth, driving efficiencies and enhancing service for customers. Paul Hyne, Arval UK commercial director, said: “We have…
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…
THE popularity of salary sacrifice is growing, with customers attracted to the low cost of acquiring electric vehicles through provision of the funding scheme. Many leasing brokers offer salary sacrifice as part of their financial suite of business offerings, Fleet Alliance recently joining a list that includes Bridle Vehicle Leasing, Octopus EV and Fleet Electric. “The introduction of zero and very low…
BROKER funder Arval is looking to increase its take of the PCH market under an agreement with new and used car platform YesAuto. Following the agreement, YesAuto will load more than 170,000 new car leasing deals to its website, allowing customers the opportunity to lease as well as purchase new cars. Having the right partners is absolutely crucial for us to continue…
ARVAL has a new managing director: Lakshmi Moorthy. Moorthy takes up the role at the broker funder as current MD, Miguel Cabaca, heads for Spain to take up a new role with the leasing and mobility specialist. Cabaca leaves the UK after more than three and a half years at the helm, having taking the company to a leading position with electric…
BROKER funder Arval has launched a direct to public used car website. Featuring ex-lease cars, the new website is called AutoSelect. Arval says it has focused on creating a flexible online used car experience that customers can trust. The website includes a choice of vehicles to buy outright, finance or lease. All vehicles on the site have been refurbished, carry a 128-point…
BROKER funder Arval says that half of its staff have now switched to an electric car – including MD Miguel Cabaca. The Swindon based leaseco launched its ‘rewired’ scheme in May for the 200 company cars it operates for its internal fleet. Under the ‘rewired’ scheme, drivers can switch to an EV if their current company vehicle is more than 18 months…