LeasePlan increases direct sales to consumers through CarNext.com

Global leasing giant LeasePlan has reported an increase in the proportion of revenues generated from direct sales to consumers through its CarNext.com pan-European used car marketplace. Around one-fifth of LeasePlan’s used car sales last year were direct to the public, with B2C penetration reaching 21% in the final quarter, compared to 15% for the same period in 2017. LeasePlan sold around 50,000 cars through its B2C channel last year and during Q4 volumes grew 55% to 13,775 vehicles.

LeasePlan increases direct sales to consumers through CarNext.com

Feb 20, 2019

Global leasing giant LeasePlan has reported an increase in the proportion of revenues generated from direct sales to consumers through its CarNext.com pan-European used car marketplace. Around one-fifth of LeasePlan’s used car sales last year were direct to the public, with B2C penetration reaching 21% in the final quarter, compared to 15% for the same period in 2017. LeasePlan sold around 50,000 cars through its B2C channel last year and during Q4 volumes grew 55% to 13,775 vehicles.

Planning a successful route to delivering global mobility services

There is a tough journey ahead for the hundreds of mobility innovators seeking to change transport, as they are whittled down to the successful few who create a new transport landscape for the masses. As an inspirational speech, it makes tough listening, but the wise words ring true from Brian Collie, a senior partner and managing director at Boston Consulting Group, where he is the global lead for the automotive and mobility sector.

Planning a successful route to delivering global mobility services

Feb 19, 2019

There is a tough journey ahead for the hundreds of mobility innovators seeking to change transport, as they are whittled down to the successful few who create a new transport landscape for the masses. As an inspirational speech, it makes tough listening, but the wise words ring true from Brian Collie, a senior partner and managing director at Boston Consulting Group, where he is the global lead for the automotive and mobility sector.

US auto loan delinquencies highest since 2010 as demand for finance increases

Auto loan delinquencies have reached heights not seen since the end of 2010, with seven million borrowers 90 or more days behind on car payments, one million more than eight years ago, according to data from the Federal Reserve Bank of New York. Its latest quarterly report on household credit and debit trends found the 90-day delinquency rate at the end of 2018 was 2.4%, up from a low of 1.5% in 2012. The rise comes as auto loan originations reached the highest level on record during 2018, rising $9 billion compared to 2017.

US auto loan delinquencies highest since 2010 as demand for finance increases

Feb 19, 2019

Auto loan delinquencies have reached heights not seen since the end of 2010, with seven million borrowers 90 or more days behind on car payments, one million more than eight years ago, according to data from the Federal Reserve Bank of New York. Its latest quarterly report on household credit and debit trends found the 90-day delinquency rate at the end of 2018 was 2.4%, up from a low of 1.5% in 2012. The rise comes as auto loan originations reached the highest level on record during 2018, rising $9 billion compared to 2017.

 

How BMW is delivering a new era of urban mobility solutions

Innovative mobility solutions are attracting a new generation of customers to BMW as attitudes to vehicle ownership change. BMW Group now has a customer base of 25 million for its mobility services, which range from car and ride-sharing to parking apps and electric vehicle charging. Tony Douglas, head of brand, marketing and communications for BMW Group Mobility Services, said growth was driven by global factors, such as urbanisation and the universal use of smartphones, on which many new services are based. He said: “I personally believe we are getting into the on-demand economy. You’re not selling one customer one car. You’re basically selling one car 1,000 times.” A full briefing on BMW’s investment in mobility services is available in this exclusive three-minute video, provided courtesy of global equipment and auto finance software company White Clarke Group.

How BMW is delivering a new era of urban mobility solutions

Feb 13, 2019

Innovative mobility solutions are attracting a new generation of customers to BMW as attitudes to vehicle ownership change. BMW Group now has a customer base of 25 million for its mobility services, which range from car and ride-sharing to parking apps and electric vehicle charging. Tony Douglas, head of brand, marketing and communications for BMW Group Mobility Services, said growth was driven by global factors, such as urbanisation and the universal use of smartphones, on which many new services are based. He said: “I personally believe we are getting into the on-demand economy. You’re not selling one customer one car. You’re basically selling one car 1,000 times.” A full briefing on BMW’s investment in mobility services is available in this exclusive three-minute video, provided courtesy of global equipment and auto finance software company White Clarke Group.

 
 

WCG tech report 2018 550x150

 

Mining data: how successful is the asset finance industry at striking gold?

Changing customer expectations are reshaping the asset finance industry. As Jochen Jehmlich, CEO, Societe Generale Equipment Finance (SGEF), points out, the key trend is a strong move away from traditional acquisition of equipment towards a usage and service-based approach, supported by innovations in technology. Disruptive start-ups such as ride hailing service Uber have led the way on this, but the switch from a focus on owning equipment to wanting to pay for outcomes is spreading, facilitated by the use of data collected from connected devices as part of the Internet of Things (IoT). Having a network of devices fitted to equipment and vehicles allows vendors, users and lenders to connect, interact and exchange data.

Mining data: how successful is the asset finance industry at striking gold?

Feb 12, 2019

Changing customer expectations are reshaping the asset finance industry. As Jochen Jehmlich, CEO, Societe Generale Equipment Finance (SGEF), points out, the key trend is a strong move away from traditional acquisition of equipment towards a usage and service-based approach, supported by innovations in technology. Disruptive start-ups such as ride hailing service Uber have led the way on this, but the switch from a focus on owning equipment to wanting to pay for outcomes is spreading, facilitated by the use of data collected from connected devices as part of the Internet of Things (IoT). Having a network of devices fitted to equipment and vehicles allows vendors, users and lenders to connect, interact and exchange data.

Alfa Digital Directions Part Two

 

Amazon puts $700m into EV startup Rivian

Online retail giant Amazon has announced a $700 million investment in electric vehicle (EV) startup Rivian. Its R1T pickup and R1S SUV aim to deliver more than 400 miles of range and are designed to provide a combination of performance, off-road capability and utility. Among the key attributes of the vehicles will be a wading depth of three feet, a new feature for an electric vehicle.

Amazon puts $700m into EV startup Rivian

Feb 19, 2019

Online retail giant Amazon has announced a $700 million investment in electric vehicle (EV) startup Rivian. Its R1T pickup and R1S SUV aim to deliver more than 400 miles of range and are designed to provide a combination of performance, off-road capability and utility. Among the key attributes of the vehicles will be a wading depth of three feet, a new feature for an electric vehicle.

The Leasing Foundation to hold series of tech and innovation debates to Inspire the industry to think differently

The newly formed Innovation Initiative from the Leasing Foundation is holding a series of breakfast debates this year to explore – and ultimately come up with solutions around - why the asset finance industry is behind the curve when it comes to technology. Why do we only invest in innovation to keep up with the competition or reduce operating costs, rather than looking to the future and improving our customer journey? The first event will focus on the topic of speed – how the asset finance industry can speed up service to and reduce friction for our customers – and will take place on 13 March from 8am to 10am at Metro Bank in Holborn.

The Leasing Foundation to hold series of tech and innovation debates to Inspire the industry to think differently

Feb 18, 2019

The newly formed Innovation Initiative from the Leasing Foundation is holding a series of breakfast debates this year to explore – and ultimately come up with solutions around - why the asset finance industry is behind the curve when it comes to technology. Why do we only invest in innovation to keep up with the competition or reduce operating costs, rather than looking to the future and improving our customer journey? The first event will focus on the topic of speed – how the asset finance industry can speed up service to and reduce friction for our customers – and will take place on 13 March from 8am to 10am at Metro Bank in Holborn.

Kuwait vehicle leasing market expected to deliver long-term growth

Kuwait’s vehicle leasing industry is expecting long-term growth on the back of an improving economy and a reduced reliance on the oil and gas sector, according to a new report. Following a recent slump in the oil and gas sector, leasing companies has increasingly focused on non-oil industries for revenue, including FMCG, telecom, healthcare, logistics and construction.

Kuwait vehicle leasing market expected to deliver long-term growth

Feb 18, 2019

Kuwait’s vehicle leasing industry is expecting long-term growth on the back of an improving economy and a reduced reliance on the oil and gas sector, according to a new report. Following a recent slump in the oil and gas sector, leasing companies has increasingly focused on non-oil industries for revenue, including FMCG, telecom, healthcare, logistics and construction.

Moto Novo Case Study web banner

BVRLA warns government to treat fleets fairly or risk missing emissions targets

The British Vehicle Rental & Leasing Association (BVRLA) has urged the government to support fleets with a fair and consistent tax regime amid an ongoing review of the sector. The industry association warns that failure to support the fleet sector could push more drivers away from company cars, which are typically some of the cleanest on the road, in favour of less-efficient privately-sourced cars. The fleet sector has already seen the company car tax burden rise by more than £1 billion, or 58%, since 2013 and there are fears of further substantial tax rises on the way.

BVRLA warns government to treat fleets fairly or risk missing emissions targets

Feb 18, 2019

The British Vehicle Rental & Leasing Association (BVRLA) has urged the government to support fleets with a fair and consistent tax regime amid an ongoing review of the sector. The industry association warns that failure to support the fleet sector could push more drivers away from company cars, which are typically some of the cleanest on the road, in favour of less-efficient privately-sourced cars. The fleet sector has already seen the company car tax burden rise by more than £1 billion, or 58%, since 2013 and there are fears of further substantial tax rises on the way.

Fintech lender iwoca raises £150m to accelerate expansion

Innovative small business lender iwoca has raised £150m in new equity and debt capital, bringing its total funding to £350m. Its most recent fundraising included investment from Augmentum Fintech, the specialist fintech venture capital investor, NIBC Bank and Prime Ventures, along with other funders. The capital raised will be used to fund small business owners across iwoca’s markets in UK, Germany and Poland; iwoca reached profitability in 2018, while doubling its revenue in each of the last three years.

Fintech lender iwoca raises £150m to accelerate expansion

Feb 18, 2019

Innovative small business lender iwoca has raised £150m in new equity and debt capital, bringing its total funding to £350m. Its most recent fundraising included investment from Augmentum Fintech, the specialist fintech venture capital investor, NIBC Bank and Prime Ventures, along with other funders. The capital raised will be used to fund small business owners across iwoca’s markets in UK, Germany and Poland; iwoca reached profitability in 2018, while doubling its revenue in each of the last three years.

UK used car market drops in 2018 but demand for alternatively-fuelled vehicles leaps 27%

Britain’s used car market dropped slightly last year, although sales were still the third highest on record. In total, there were nearly 8 million used car transactions last year, a fall of just over 2.1%, according to new figures from the Society of Motor Manufacturers and Traders.

UK used car market drops in 2018 but demand for alternatively-fuelled vehicles leaps 27%

Feb 18, 2019

Britain’s used car market dropped slightly last year, although sales were still the third highest on record. In total, there were nearly 8 million used car transactions last year, a fall of just over 2.1%, according to new figures from the Society of Motor Manufacturers and Traders.

Bynx nordic download

 

Major milestone for iVendi as it signs international deal

iVendi, the provider of specialist e-commerce solutions to the car finance sector, has secured its first major international deal with the introduction of a complete online marketplace for Hamburg-based Bank Deutsches Kraftfahrzeuggewerbe (BDK). BDK is a subsidiary of Société Générale that serves around one-quarter of all car dealers in Germany. It offers a product range including dealer financing, retail loan and retail leasing business for new and used cars, along with insurance and warranty products.

Major milestone for iVendi as it signs international deal

Feb 15, 2019

iVendi, the provider of specialist e-commerce solutions to the car finance sector, has secured its first major international deal with the introduction of a complete online marketplace for Hamburg-based Bank Deutsches Kraftfahrzeuggewerbe (BDK). BDK is a subsidiary of Société Générale that serves around one-quarter of all car dealers in Germany. It offers a product range including dealer financing, retail loan and retail leasing business for new and used cars, along with insurance and warranty products.

Microsoft partners with Moovit and TomTom to create new enhanced mobility information platform

A single mobility solution will bring together a full range of transport options for city travellers as part of a partnership between global technology giant Microsoft, mobility information service Moovit and TomTom. The trip planner identifies all driving, parking, and public transit options, which are aggregated into a single package for map users. It is aimed at supporting developers building new smartphone apps or services that help consumers to plan urban travel.

Microsoft partners with Moovit and TomTom to create new enhanced mobility information platform

Feb 15, 2019

A single mobility solution will bring together a full range of transport options for city travellers as part of a partnership between global technology giant Microsoft, mobility information service Moovit and TomTom. The trip planner identifies all driving, parking, and public transit options, which are aggregated into a single package for map users. It is aimed at supporting developers building new smartphone apps or services that help consumers to plan urban travel.

Prudential launches 2019 PRU Fintegrate programme in London to drive international insurance innovation

Prudential Singapore has launched the third edition of its PRU Fintegrate innovation programme to develop new solutions for the insurance industry. As part of the initiative, Prudential will invest alongside its chosen scale-up partners to run pilot projects and develop implementation and deployment plans. At the launch of the 2019 programme, taking place in London for the first time, the selected technology partners from PRU Fintegrate 2018 were showcased; Ailleron LiveBank LiveBank, a customer engagement platform; Knowtions Research, a health analytics solution; and DataRobot, an automated machine learning platform.

Prudential launches 2019 PRU Fintegrate programme in London to drive international insurance innovation

Feb 15, 2019

Prudential Singapore has launched the third edition of its PRU Fintegrate innovation programme to develop new solutions for the insurance industry. As part of the initiative, Prudential will invest alongside its chosen scale-up partners to run pilot projects and develop implementation and deployment plans. At the launch of the 2019 programme, taking place in London for the first time, the selected technology partners from PRU Fintegrate 2018 were showcased; Ailleron LiveBank LiveBank, a customer engagement platform; Knowtions Research, a health analytics solution; and DataRobot, an automated machine learning platform.

BMW hosts first European meeting for Mobility Open Blockchain Initiative

The BMW Group is hosting the first European meeting of the Mobility Open Blockchain Initiative (MOBI). The meeting, taking place in Munich, will see members of the consortium, which was co-founded by BMW, meeting with major technology companies from around the world, plus blockchain start-ups and specialists. MOBI aims to establish standards for the use of blockchain in the automotive market, which is particularly important as cars become more connected and interact with their environment and each other. Since the consortium’s creation, more than 100 companies, including 70% of the world’s car manufacturers, have joined MOBI to work on universal standards.

BMW hosts first European meeting for Mobility Open Blockchain Initiative

Feb 14, 2019

The BMW Group is hosting the first European meeting of the Mobility Open Blockchain Initiative (MOBI). The meeting, taking place in Munich, will see members of the consortium, which was co-founded by BMW, meeting with major technology companies from around the world, plus blockchain start-ups and specialists. MOBI aims to establish standards for the use of blockchain in the automotive market, which is particularly important as cars become more connected and interact with their environment and each other. Since the consortium’s creation, more than 100 companies, including 70% of the world’s car manufacturers, have joined MOBI to work on universal standards.

After the Dealflo acquisition, OneSpan aims for growth in the auto and asset finance sectors

Last May (2018) Vasco Data Security acquired UK-based Dealflo in a cash deal worth £41 million. At the same time it made two significant announcements – the launch of its Trusted Identity Platform and a change to its corporate name from Vasco to OneSpan. The moves were led by OneSpan’s chief executive Scott Clements, who joined the company in 2015, was appointed chief operating officer in 2016, and subsequently CEO in July 2017. Prior to joining Vasco he headed up the retail solutions business at Tyco International where he was the chief technology officer and latterly the corporate senior vice president in charge of business development.

After the Dealflo acquisition, OneSpan aims for growth in the auto and asset finance sectors

Feb 11, 2019

Last May (2018) Vasco Data Security acquired UK-based Dealflo in a cash deal worth £41 million. At the same time it made two significant announcements – the launch of its Trusted Identity Platform and a change to its corporate name from Vasco to OneSpan. The moves were led by OneSpan’s chief executive Scott Clements, who joined the company in 2015, was appointed chief operating officer in 2016, and subsequently CEO in July 2017. Prior to joining Vasco he headed up the retail solutions business at Tyco International where he was the chief technology officer and latterly the corporate senior vice president in charge of business development.

Macquarie deal crowns “year of success” for Apak Group

2018 was a significant year for Apak Group. For that was the year, resulting from 10-years of pioneering, and cutting its worldwide footprint, that it truly became a global specialist financial services provider. The company also began a new chapter of its history, with new ownership. To crown the year of success, in late December, Apak announced that it had completed the implementation of its Wholesale Finance Floorplanning Software WFSv6 with Macquarie Leasing Australia. Macquarie Leasing Australia is the latest organisation to operate its bailment (floorplan) facilities on WFSv6 within the Asia and Pacific region.

Macquarie deal crowns “year of success” for Apak Group

Feb 12, 2019

2018 was a significant year for Apak Group. For that was the year, resulting from 10-years of pioneering, and cutting its worldwide footprint, that it truly became a global specialist financial services provider. The company also began a new chapter of its history, with new ownership. To crown the year of success, in late December, Apak announced that it had completed the implementation of its Wholesale Finance Floorplanning Software WFSv6 with Macquarie Leasing Australia. Macquarie Leasing Australia is the latest organisation to operate its bailment (floorplan) facilities on WFSv6 within the Asia and Pacific region.

Beginners Guide for e book web banner

Daimler Financial Services to rebrand as Daimler Mobility

Daimler Financial Services will rebrand as Daimler Mobility this year as demand for its wide portf...

Bank lending to UK small retailers falls 4% in just a year

UK bank lending to small and medium sized retail businesses has fallen by 4% in the last year, to ...

Mobility trend could see US auto retail sales fall 29%

Retail auto sales in the US could drop as much as 29% as alternatives to traditional vehicle owner...

Amazon invests in self-driving vehicle startup

Online retail giant Amazon is one of several high-profile investors in self-driving startup Aurora...

netsol digital