AUTOLOGIC APPOINTS REMARKETING EXPERT TO FOCUS ON FLEET AND USED CAR SUPPORT

03 January 2006

AutoLogic Holdings plc, Europe's leading independent automotive business services group, has launched a specialist division to provide a comprehensive cradle to grave service for the fleet and used car market.

The new venture is being headed by remarketing specialist Gerry Lynch, who has been appointed as managing director of Fleet, Used Cars and Remarketing.

Mr Lynch (55) brings over 30-years motor industry experience to the role including 20 years in the UK fleet and vehicle remarketing industry. He has held board level positions with ADT/BCA Auctions, Eurofleet and most recently Inchcape Automotive where he was sales and marketing director.

AutoLogic already has long-standing and in-depth relationships with all major car manufacturers in Europe in addition to many of the contract hire and leasing companies, major daily rental organisations and dealer groups.

This strategic refocusing of the company's remarketing skills into a one-stop-shop brings together a raft of fleet-related services including: in-life vehicle management, new and used vehicle inspections, vehicle refurbishment and the physical and electronic remarketing of end-of-contract vehicles.

Over 800,000 ex-fleet and leasing vehicles enter the UK market each year and this new initiative will allow remarketing choices and channels to be refined, and give fleet operators important online lifecycle data and information to increase savings and resale values.

"Our research tells us that customers want one company which can provide a wholly integrated portfolio of management and data services that cover the complete lifecycle of their vehicles," explained Mr Lynch. "AutoLogic is one of the few companies with the scope, range of skills and technological know-how to provide that cradle to grave service. My role is to bring together the people and the skills to simplify the way we provide these services to customers and capitalise on the data that shows exactly what has happened during the lifecycle of each vehicle."

While initially focusing on the UK's mature fleet sector, Mr Lynch will drive the expansion of the fleet-based business across the continent, where AutoLogic has extensive facilities in addition to existing relationships with both manufacturers and fleet companies.

"We see substantial opportunities for growth across Europe as vehicle providers are increasingly adopting a pan-European approach and want to ensure consistency and quality of service wherever they operate," he added.

Traditionally, the industry has bought a range of services from a wide variety of smaller players. None of these have been able to provide the level of investment in facilities and expertise required to reach the service levels expected, nor the vision to provide integration of services across common platforms for the benefit of customers.

Commenting on Mr Lynch's appointment, Group Development Director, Tim Barber, said: "AutoLogic has been at the forefront of the significant improvements in remarketing processes and skills and Gerry's experience and industry knowledge allows us to present this expertise in a cohesive and co-ordinated way."

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