Round-Up: Ford adds accredited converters; Lease extension false economy; LCV values bounce back says BCA

Ford accredited converter numbers hit 35

CV market leader Ford has appointed 20 accredited converters to its Qualified Vehicle Modifier programme I the past 12 months, taking it up to a total of 35CV market leader Ford has appointed 20 accredited converters to its Qualified Vehicle Modifier programme I the past 12 months, taking it up to a total of 35. Converters must meet set standards in manufacturer and quality control, prove their vehicles have followed Ford’s Body and Equipment Mounting Manual and offer a conversion on the warranty that matches Ford’s vehicle warranty terms.

The additions include performance specialist MS-RT, Ingimex, Clark Vehicle Conversions, VFS North, TGS, Sortimo and Bott.

“The QVM programme is one of the driving forces behind Ford’s record-breaking commercial vehicle sales in 2018”, said Hans Schep, general manager, commercial vehicles, Ford of Europe. “The ever-growing network of Ford-accredited vehicle converters gives our customers unrivalled options when it comes to seeking conversion specialists who can meet their business needs in terms of design and manufacture them to an accredited standard.”

 

 

Lease extensions branded a false economy

Leasing company Arval has said growing numbers of customers enquiring about extending car lease contracts are looking at a “false economy”.

Arvals fleet consultant, Richard Cox, brands lease extensions a false economyThe company’s fleet consultant Richard Cox (pictured right) said that while it seems a sensible option in uncertain times, the only advantage is that it allows the business to “kick the can further down the road”, and swapping to a new car will bring efficiency and tax benefits, as well as avoiding potential SMR expense as a car gets older.

“In the current situation, many businesses are looking at areas where they can reduce costs or defer investment decisions, and that is an understandable strategy,” he said. “As part of this kind of exercise, keeping hold of your existing car looks like a saving even though it probably isn’t.”

 

 

Light commercial vehicle values return to form

Remarketing giant BCA has reported a bounce-back in fleet and lease-sourced light commercial vehiclesRemarketing giant BCA has reported a bounce-back in fleet and lease-sourced light commercial vehicles, with its latest figures showing a £126 rise in average values for March versus the previous month, ending a run of three months of dropping values. They do though still sit £128 below March 2018, with age and mileage both up on the same time last year.

“Demand continues for well-presented and accurately valued vehicles in the best condition and professional buyers are prepared to bid strongly for commercial vehicles in ready to retail condition,” said Stuart Pearson COO BCA UK Remarketing.