Lloyds Banking Group's leasing division Lex Autolease will be headed from November 1 by Richard Jones, current managing director of Black Horse,
Black Horse is expecting to see increased challenges in the second half of this year as the regulatory and economic climate becomes more uncertain.
The new car market returned to growth in November, after a decline in October – the first in 44 months.
New car registrations in the UK reached their highest-ever September total last month.
New car registrations saw steady growth in July, according to the latest figures from the Society of Motor Manufacturers and Traders.
UK new car registrations grew 7% in the first half of 2015 to the highest half-year total on record.
