Bynx’ new reporting tool makes “Big Data pay” in fleet management

Leading fleet management software provider Bynx has launched bynxMI - a next-generation management reporting tool. bynxMI has been specifically designed to enable vehicle leasing, rental and fleet management companies to better utilize fleet data for concise reporting and informed decision making. The aim is to increase profitability within the fleet sector and enable more advantageous overall business decisions.

Bynx’ new reporting tool makes “Big Data pay” in fleet management

Aug 30, 2016

Leading fleet management software provider Bynx has launched bynxMI - a next-generation management reporting tool. bynxMI has been specifically designed to enable vehicle leasing, rental and fleet management companies to better utilize fleet data for concise reporting and informed decision making. The aim is to increase profitability within the fleet sector and enable more advantageous overall business decisions.

Volkswagen retains top slot as European best-selling brand as new car registrations fall by 2.3% in July

New car registrations in 29 European markets dropped by 2.3% in July, falling from 1.18 million in July 2015 to 1.16 million for the same period this year. Jato Dynamics reports that this fall in registrations marked the end of 34 months of continuous growth, the last time European registrations fell was August 2013.

Volkswagen retains top slot as European best-selling brand as new car registrations fall by 2.3% in July

Aug 28, 2016

New car registrations in 29 European markets dropped by 2.3% in July, falling from 1.18 million in July 2015 to 1.16 million for the same period this year. Jato Dynamics reports that this fall in registrations marked the end of 34 months of continuous growth, the last time European registrations fell was August 2013.

Corporate Asset Solutions eyes overseas expansion as its new technology ramps up vendor partnerships

Corporate Asset Solutions’ (CAS) new vendor relationship with Mac Tools UK is a significant win for the UK-based lender which was only formed in 2004. The partnership provides point-of-sale finance at some 155 franchisees of Mac Tools throughout the UK - with the short-term aim of doubling finance penetration.

Corporate Asset Solutions eyes overseas expansion as its new technology ramps up vendor partnerships

Aug 27, 2016

Corporate Asset Solutions’ (CAS) new vendor relationship with Mac Tools UK is a significant win for the UK-based lender which was only formed in 2004. The partnership provides point-of-sale finance at some 155 franchisees of Mac Tools throughout the UK - with the short-term aim of doubling finance penetration.

Not such a quiet month after all: Julian Rose uncovers much going on behind the scenes in the UK asset finance industry during August

If you’ve been away in August, there are a few things about our industry you might need to know. Industry regulators issued a plethora of reports, consultations and announcements over the holiday month. They are likely to impact firms across the UK’s asset finance industry. Here is Asset Finance International’s 10-minute summary of some of the most significant ones.

Not such a quiet month after all: Julian Rose uncovers much going on behind the scenes in the UK asset finance industry during August

Aug 27, 2016

If you’ve been away in August, there are a few things about our industry you might need to know. Industry regulators issued a plethora of reports, consultations and announcements over the holiday month. They are likely to impact firms across the UK’s asset finance industry. Here is Asset Finance International’s 10-minute summary of some of the most significant ones.

What fleet lessors need to do to ease lessees’ transition to the new lease accounting standard

At the International Auto Finance Network conference in May 2016, Paul Lippitt and Andrew Charlton from Lex Autolease demonstrated that the real challenge of the new lease accounting standard for lessees that have many motor leases lies not in the P&L and balance sheet changes - which are relatively immaterial compared to companies with large property lease portfolios for example - but in dealing with the accounting administration for each leased car.

What fleet lessors need to do to ease lessees’ transition to the new lease accounting standard

Aug 17, 2016

At the International Auto Finance Network conference in May 2016, Paul Lippitt and Andrew Charlton from Lex Autolease demonstrated that the real challenge of the new lease accounting standard for lessees that have many motor leases lies not in the P&L and balance sheet changes - which are relatively immaterial compared to companies with large property lease portfolios for example - but in dealing with the accounting administration for each leased car.

International Auto Finance Network Conference, May 2016


Video sponsored by White Clarke Group

Mercedes-Benz Financial services takes pole position once again in latest dealer finance satisfaction study

For the second year running Mercedes-Benz Financial Services has won pole position in the coveted US dealer finance satisfaction study. The relationships auto finance providers develop with dealerships are critical to dealer satisfaction and to remaining competitive in the market, especially as the new-vehicle sales market tightens. The J.D. Power 2016 US Dealer Financing Satisfaction Study reveals that a combination of slowing new-vehicle sales and an uncertain used-car market is contributing to an already contested auto-lending environment.

Mercedes-Benz Financial services takes pole position once again in latest dealer finance satisfaction study

Aug 24, 2016

For the second year running Mercedes-Benz Financial Services has won pole position in the coveted US dealer finance satisfaction study. The relationships auto finance providers develop with dealerships are critical to dealer satisfaction and to remaining competitive in the market, especially as the new-vehicle sales market tightens. The J.D. Power 2016 US Dealer Financing Satisfaction Study reveals that a combination of slowing new-vehicle sales and an uncertain used-car market is contributing to an already contested auto-lending environment.

Tesla launches limited two-year lease program and announces 300-mile recharges

Tesla is now offering potential purchasers a two-year lease. The company stated: "A two-year lease option is one of our most popular requests. We listened and are launching a limited time test of a two-year lease on Model S and Model X. Starting at only $593/month, our new two-year lease program was designed just for you to drive electric today, and is available on all Model S and X orders placed by September 12.”

Tesla launches limited two-year lease program and announces 300-mile recharges

Aug 24, 2016

Tesla is now offering potential purchasers a two-year lease. The company stated: "A two-year lease option is one of our most popular requests. We listened and are launching a limited time test of a two-year lease on Model S and Model X. Starting at only $593/month, our new two-year lease program was designed just for you to drive electric today, and is available on all Model S and X orders placed by September 12.”


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How to make money out of emerging mobility ecosystem

Asset finance pricing continues to be a complex – but crucial – area of activity, and the Bynx pricing review takes an in-depth view at some of the challenges ahead. Two of the key issues currently facing the industry have big implications for pricing. The first is the advent of mobility solutions, whereby the focus switches from owning an asset to using that asset just when it is required.

How to make money out of emerging mobility ecosystem

Aug 24, 2016

Asset finance pricing continues to be a complex – but crucial – area of activity, and the Bynx pricing review takes an in-depth view at some of the challenges ahead. Two of the key issues currently facing the industry have big implications for pricing. The first is the advent of mobility solutions, whereby the focus switches from owning an asset to using that asset just when it is required.

New head appointed for Fiat Chrysler Autos UK

Ashley Andrew has been appointed managing director of Fiat Chrysler Automobiles UK, and takes up his new role immediately.

New head appointed for Fiat Chrysler Autos UK

Aug 23, 2016

Ashley Andrew has been appointed managing director of Fiat Chrysler Automobiles UK, and takes up his new role immediately.

John McElroy comes across the biggest disruptive force facing the auto industry

Local Motors has the potential to undo a 120-year-old business model and send everyone back to zero. If we start seeing automotive executives wearing flak jackets and crouching behind sandbags it wouldn’t surprise me at all. This industry is under attack on multiple fronts, especially from Silicon Valley. But now there’s a new threat on the horizon.

John McElroy comes across the biggest disruptive force facing the auto industry

Aug 22, 2016

Local Motors has the potential to undo a 120-year-old business model and send everyone back to zero. If we start seeing automotive executives wearing flak jackets and crouching behind sandbags it wouldn’t surprise me at all. This industry is under attack on multiple fronts, especially from Silicon Valley. But now there’s a new threat on the horizon.



BVRLA’s Gerry Keaney sets out lobbying plan for benefit-in-kind treatment of salary sacrifice schemes

The British Vehicle Rental and Leasing Association (BVRLA) has pledged to make a strong case for salary sacrifice car schemes to receive special consideration as part of HMRC’s consultation on their future tax treatment.

BVRLA’s Gerry Keaney sets out lobbying plan for benefit-in-kind treatment of salary sacrifice schemes

Aug 22, 2016

The British Vehicle Rental and Leasing Association (BVRLA) has pledged to make a strong case for salary sacrifice car schemes to receive special consideration as part of HMRC’s consultation on their future tax treatment.

The rise & rise of US leasing schemes for commercial vehicles

Maintenance gripes associated with newer commercial vehicles’ emissions systems are nothing new. In used-truck-market coverage this time last year in Overdrive,  customer survey results revealed that emissions systems represented the No. 1 maintenance expense for nearly half of all owners of 2007 and later model-year trucks.

The rise & rise of US leasing schemes for commercial vehicles

Aug 22, 2016

Maintenance gripes associated with newer commercial vehicles’ emissions systems are nothing new. In used-truck-market coverage this time last year in Overdrive,  customer survey results revealed that emissions systems represented the No. 1 maintenance expense for nearly half of all owners of 2007 and later model-year trucks.

Laura Inamedinova tells how a new startup is set to disrupt the equipment finance market

The equipment financing market is one of those industries you rarely hear about in the press. Yet it’s also one of the largest industries in the world, with a $1.6 trillion market value. And $1.1 trillion of the equipment purchasing market is actually financed, which means other companies provide the capital to companies to make their purchases.

Laura Inamedinova tells how a new startup is set to disrupt the equipment finance market

Aug 22, 2016

The equipment financing market is one of those industries you rarely hear about in the press. Yet it’s also one of the largest industries in the world, with a $1.6 trillion market value. And $1.1 trillion of the equipment purchasing market is actually financed, which means other companies provide the capital to companies to make their purchases.

Volvo acquires stake in car financing bank Volvofinans for SEK1.8 billion

Swedish carmaker Volvo has acquired a 40% stake of the Sixth Swedish National Pension Fund in Volvofinans, one of the leading banks in car financing.

Volvo acquires stake in car financing bank Volvofinans for SEK1.8 billion

Aug 18, 2016

Swedish carmaker Volvo has acquired a 40% stake of the Sixth Swedish National Pension Fund in Volvofinans, one of the leading banks in car financing.

Nitin Rakesh calls for a balance between in-store branch banking and online activity

The recent Competition and Markets Authority (CMA) report set out a vision of how technology can be used to inject competition to the £16 billion personal current account and small banking market. Challenger banks criticised the report, stating it focuses on the needs of the larger players who dominate the field, and not highlight other measures to increase competition and choice for customers. At Syntel we believe that customers should be at the heart of any digital business strategy.

Nitin Rakesh calls for a balance between in-store branch banking and online activity

Aug 18, 2016

The recent Competition and Markets Authority (CMA) report set out a vision of how technology can be used to inject competition to the £16 billion personal current account and small banking market. Challenger banks criticised the report, stating it focuses on the needs of the larger players who dominate the field, and not highlight other measures to increase competition and choice for customers. At Syntel we believe that customers should be at the heart of any digital business strategy.

Austin Collins argues that Brexit concerns may lead to greater innovation in auto finance products

Brexit uncertainty for European Union (EU) nationals in the UK signals an opportunity for new shorter-term motor finance products.

Austin Collins argues that Brexit concerns may lead to greater innovation in auto finance products

Aug 18, 2016

Brexit uncertainty for European Union (EU) nationals in the UK signals an opportunity for new shorter-term motor finance products.

New head of Investec’s intermediary arm as broker partnerships rise to 130

Investec Asset Finance Group has appointed Paul Cunningham as Head of Quantum Funding Ltd (Quantum...

Dr Jörg Löffler is new CEO of Fleet Logistics Group

Dr Jörg Löffler (49) has taken over the position of chief executive officer at TÜV SÜD subsidiary ...