More companies investigating vehicle solutions beyond the company car

UK companies are showing increasing interest in providing vehicle solutions for all employees, including those not entitled to a company car, according to vehicle leasing provider Arval. Employers increasingly want to offer a broader mix of vehicle solutions to more employees, with personal lease and salary exchange ideal to meet the demand, the company says.

More companies investigating vehicle solutions beyond the company car

Dec 12, 2018

UK companies are showing increasing interest in providing vehicle solutions for all employees, including those not entitled to a company car, according to vehicle leasing provider Arval. Employers increasingly want to offer a broader mix of vehicle solutions to more employees, with personal lease and salary exchange ideal to meet the demand, the company says.

UK vehicle rental and leasing industry ready to adapt to challenges of 2019

Rental and leasing companies are laying the groundwork for a productive and secure long-term future, according to the British Vehicle Rental and Leasing Association’s new Industry Outlook 2019 Report. Although the next year will be a very challenging period, with nine key areas of disruption identified in the report, there is clear evidence that BVRLA members are seizing the initiative, instead of waiting for an upturn in the economy or government support.

UK vehicle rental and leasing industry ready to adapt to challenges of 2019

Dec 06, 2018

Rental and leasing companies are laying the groundwork for a productive and secure long-term future, according to the British Vehicle Rental and Leasing Association’s new Industry Outlook 2019 Report. Although the next year will be a very challenging period, with nine key areas of disruption identified in the report, there is clear evidence that BVRLA members are seizing the initiative, instead of waiting for an upturn in the economy or government support.

Helicopter leasing giant Waypoint files for Chapter 11

Waypoint Leasing Holdings., the largest independent global helicopter leasing company, together with some of its subsidiaries, has filed voluntary petitions for relief under Chapter 11 in the US Bankruptcy Court for the southern district of New York, as part of a major restructuring of the business which is likely to see it find a new owner. The company says it expects to move through the restructuring process as quickly as possible and is committed to working with its lenders and all stakeholders towards a speedy and successful transformation. Waypoint has received bids for the business from numerous parties, and expects to use the Chapter 11 process to facilitate the acquisition of Waypoint by a new owner.

Helicopter leasing giant Waypoint files for Chapter 11

Dec 03, 2018

Waypoint Leasing Holdings., the largest independent global helicopter leasing company, together with some of its subsidiaries, has filed voluntary petitions for relief under Chapter 11 in the US Bankruptcy Court for the southern district of New York, as part of a major restructuring of the business which is likely to see it find a new owner. The company says it expects to move through the restructuring process as quickly as possible and is committed to working with its lenders and all stakeholders towards a speedy and successful transformation. Waypoint has received bids for the business from numerous parties, and expects to use the Chapter 11 process to facilitate the acquisition of Waypoint by a new owner.

Europe

Leasing industry needs to adapt to rise of personal contract hire in UK

Nov 21, 2018

Rising demand for personal contract hire (PCH) in the UK is creating a strategic challenge for leasing companies, experts warn. According to epyx, the technology solutions provider for the automotive sector, just 20% of cars sourced through PCH have maintenance included, compared to 80% of traditional corporate contract hire. This can leave the leasing company in the dark as to whether a vehicle is being serviced regularly, or if maintenance is to manufacturer standards, which is critical to maintaining predicted residual values when remarketing.

Americas

Wheels launches fleet leasing app

Dec 03, 2018

Wheels, one of the world’s biggest fleet leasing and management companies, has launched a new mobile app to help fleet operators that need to monitor their fleet while away from their desk. The FleetView smartphone app is based on the company’s existing online fleet portal and allows users to quickly conduct a vehicle and driver search, approve maintenance and collision repairs, and view alerts on activities that require action.

Asia Pacific

McMillan Shakespeare and Eclipx agree merger

Nov 21, 2018

McMillan Shakespeare and Eclipx have agreed a merger to create a new market leader in salary packaging and fleet management for Australia and New Zealand. As part of the deal, the MMS board will expand to include three Eclipx directors, while current MMS CEO and CFO, Mike Salisbury and Mark Blackburn, will retain their titles in the combined group. The deal requires shareholder approval, but the businesses say it brings major financial benefits, including efficiency savings. The combined businesses provide salary packaging, novated leasing, fleet leasing and fleet management services throughout Australia and New Zealand.