News - Page 2418

VAUXHALL'S new Vectra made a solid auction debut at ADT Measham with the dozen examples on offer averaging more than 85% of list price.

FLEET car drivers could be wasting a staggering 40 million gallons of fuel a year according to the Automobile Association.

COWIE Interleasing's latest edition of its Company Car Comparisons Guide has highlighted further glaring disparities between up-front purchase prices and overall running costs.

BRITAIN'S motor dealers are 'generally pessimistic about profits', according to the latest Dealer Attitude Survey from the National Franchised Dealers Association.

THE Government must spend an extra £2 billion a year on transport - including roads - says the CBI. The CBI also urged businesses and individuals to make better use of existing local and national roads and public transport.

GE CAPITAL Fleet Services is investing £650,000 in new workshops and facilities to refurbish end-of-contract vehicles in a bid to boost residual values.

BRITAIN'S biggest selling fleet cars have failed to make the top 50 in a customer satisfaction survey carried out by the American J D Power research organisation.

THE Transport Research Laboratory is shortly to publish a report on the effectiveness of driver training and other fleet management safety policies.

FLEET sales in 1996 are taking a near 50% of the total new car market as private buyers continue to stay away from showrooms.

A BRACE of new personal contract hire schemes has hit the market as Lease Plan and Motorent enter the cash-for-cars sector of the fleet market.

POOR and ill-informed decisions on company car acquisitions continue to add huge unnecessary costs to UK business, according to Leasecontracts, part of GE Capital Fleet Services.

MORE than 1,000 fleet managers have voted the new Peugeot 406 the 'best all round car' in head-to-head challenges with its chief rivals.

MOBIL has reiterated predictions that more than 50% of diesel cars, vans and trucks will fail tighter emissions tests after a nationwide survey of more than 1,500 vehicles.

BRITISH business and communities would benefit dramatically if fleets introduced vehicle safety policies, according to the Royal Society for the Prevention of Accidents.

DEMAND for car leasing finance continues to grow as a result of the August 1995 VAT changes, according to new figures from the Finance & Leasing Association.

LEADING academics predict the end of consistent growth in new car sales as the pan-European vehicle market reaches saturation point.

A NEW campaign is being launched by The Royal Society for the Prevention of Accidents in a bid to cut the number of road deaths and injury accidents involving company car drivers.

TRAFFIC information provider Trafficmaster has predicted 'a significantly improved financial performance' this year after reporting a doubling of pre-tax losses for the year to December 31, 1995 of £2.47 million (£1,032 million).

DAGENHAM Motors has reported pre-tax profits up 25% to £5.1 million from £4.1 million on turnover up 18% to £267.5 million (£227.6 million) for the year to December 31, 1995.

FORD'S 12 and 15 seater Transit minibus models have become the first vehicles in the sector to meet the stringent passenger car (M1) legal requirements for crash testing.

ATS has completed the first phase of a major revamp in its communications system which it says will radically improve services to fleet customers.

FLEET managers have been urged to drive a harder bargain with the manufacturers to ensure they get the most out of free servicing and extended warranty offers.

ONE of the UK's fastest growing dealership groups has launched its own contract hire operation to capitalise on last year's VAT changes.

A MAJOR senior management shake-up has taken place at the RAC with the aim of more closely focusing on customer and vehicle requirements.

LEX Service has sold 10 of its 30 less profitable dealerships, raising £10m and says it has 'encouraging interest' in a further 10.

SAFETY campaigners are disappointed that the minister responsible for road safety has 'talked out' a move to ban bull bars on vans and 4x4 vehicles. In recent months a major campaign has been whipped up by a number of motoring organisations - particularly the RAC - and road safety groups. That has resulted in a number of fleets removing bull bars from their vehicles including DHL, HSS Hire Services and TNT.

FLEETS moving away from outright purchase of vehicles to leasing contributed to Lease Plan group's reported net profits for 1995 14.6% up at £47.5 million (£41.5 million) on a portfolio up from £3 billion to almost £3.2 billion.

TWO police forces have become the first fleets to buy DRIVE fleet management software system, produced by FCS Computer Services. Essex Police and South Wales Police will start using the Oracle-based system within the next couple of months.

WIMPEY fleet manager Peter Rosie who managed a 1,100 strong company fleet, has been made redundant following the company's asset swap with Tarmac. No decision has been made yet concerning the rest of Rosie's 30 staff or the in-house garage operation. The whole fleet now comes under Tarmac fleet manager Carl Lindley, who was already looking after 3,500 vehicles.

THE surge in fleet sales as retail sales continue to drop has been further underlined with publication of last month's sales figures. Fleet sales rose - up 3.5% year-on-year to 89,997 units from 86,958 units - while total sales were down 0.87% at 180,275 from 181,849.