Monday, October 16, 2006
FLA announces new motor finance convention
The Finance and Leasing Association is set to provide the motor industry with an in-depth update on the crisis in the point of sale finance market.
Nine months after the association warned of the issues facing the sector, the fifth FLA Motor Finance Convention will be held on 9 November at the National Motorcycle Museum in Birmingham.
The convention will be chaired by RMIF chief executive Matthew Carrington.
DATED: 16.10.06
FEED: MT
Nine months after the association warned of the issues facing the sector, the fifth FLA Motor Finance Convention will be held on 9 November at the National Motorcycle Museum in Birmingham.
The convention will be chaired by RMIF chief executive Matthew Carrington.
DATED: 16.10.06
FEED: MT
Steamy Seat breached advertising rules
Seat has had its latest TV campaign for the Altea banned from being shown before the 9pm watershed because of its steamy content.
The manufacturer has had to record a second version of the advert omitting a racy bedroom scene in order to pass pre-watershed rules.
DATED: 16.10.06
FEED: MT
The manufacturer has had to record a second version of the advert omitting a racy bedroom scene in order to pass pre-watershed rules.
DATED: 16.10.06
FEED: MT
MG Rover collapse still hurts Macrae & Dick
Scottish dealer group Macrae & Dick saw its sales and profits for 2005 take a dive on the back of MG Rover’s collapse.
The Inverness based group, ranked 90 in the Motor Trader Top 200, saw turnover drop by £1m to £126.3m last year, with pre-tax profits down by more than half at £1.1m.
The company blamed MG Rover going into administration, which it claimed resulted in a 0.8 per cent fall in turnover and also impacted on profits.
The group runs Land Rover, Jaguar, Honda and several Ford sites as well as BMW and Mini through its Menzies dealerships.
DATED: 16.10.06
FEED: MT
The Inverness based group, ranked 90 in the Motor Trader Top 200, saw turnover drop by £1m to £126.3m last year, with pre-tax profits down by more than half at £1.1m.
The company blamed MG Rover going into administration, which it claimed resulted in a 0.8 per cent fall in turnover and also impacted on profits.
The group runs Land Rover, Jaguar, Honda and several Ford sites as well as BMW and Mini through its Menzies dealerships.
DATED: 16.10.06
FEED: MT
RMIF president to step down
Keith Sayfritz, president of the RMIF, has announced his intention to step down.
He has held the position since June 2005 and will now work on the federation’s supervisory board to ensure a smooth transition.
RMIF chief executive Matthew Carrington said: “Keith can leave his role in the knowledge that he has played a significant part in shaping the future of the trade association.” An announcement on Sayfritz’s successor will be made at a later date.
DATED: 16.10.06
FEED: MT
He has held the position since June 2005 and will now work on the federation’s supervisory board to ensure a smooth transition.
RMIF chief executive Matthew Carrington said: “Keith can leave his role in the knowledge that he has played a significant part in shaping the future of the trade association.” An announcement on Sayfritz’s successor will be made at a later date.
DATED: 16.10.06
FEED: MT
Inchcape signs new HPI contract
Inchcape Retail has signed up HPI to provide a raft of business solutions at its retail centres throughout the UK.
The new three-year contract – previously held by Experian – is for a range of products and services including HPI’s online vehicle and mileage checking, CAP and Glass’s valuations and its Driveaway insurance product.
Daniel Burgess, director of automotive at HPI, said: “We will be providing a ‘made to measure’ approach to their business needs at highly competitive rates. “
DATED: 16.10.06
FEED: MT
The new three-year contract – previously held by Experian – is for a range of products and services including HPI’s online vehicle and mileage checking, CAP and Glass’s valuations and its Driveaway insurance product.
Daniel Burgess, director of automotive at HPI, said: “We will be providing a ‘made to measure’ approach to their business needs at highly competitive rates. “
DATED: 16.10.06
FEED: MT
Business confidence bounces back
Confidence in the economy has rebounded following a slump in the summer.
Almost half of companies are more optimistic about their business prospects than they were earlier this year, a survey by Lloyds TSB found.
Trevor Williams, chief economist at Lloyds TSB, said: “The evidence is stacking up that the economy is in top gear.”
DATED: 16.10.06
FEED: MT
Almost half of companies are more optimistic about their business prospects than they were earlier this year, a survey by Lloyds TSB found.
Trevor Williams, chief economist at Lloyds TSB, said: “The evidence is stacking up that the economy is in top gear.”
DATED: 16.10.06
FEED: MT
