Franchised car retail groups are choosing to exit the UK fleet sector as their leasing divisions attract big offers from banks and car manufacturers amid a squeeze on profits from their core retail operations.
Marshall Leasing has appointed CD Auction Group to manage its requirements for in life vehicle management of their client’s spare vehicles.
Northridge Finance has achieved a year of record growth, lending £1.1bn and increasing its funded fleet to 8,000 vehicles with Marshall Leasing.
Marshall Motor Holding has completed the disposal of its wholly-owned leasing division to Northridge Finance for a gross cash consideration of £42.5 million.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues