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Eclipx Group

December 2022

Nigel Malcolm, who runs Perth-based fleet management company Fleetcare, said Labor’s FBT changes had seen a 67 per cent increase in the number of inquiries about novated leases this month.

Drivers rush to electric cars to lock in tax breaks

Nigel Malcolm, who runs Perth-based fleet management firm Fleetcare, says inquiries have jumped by 67 per cent since Labor’s fringe benefits tax exemption passed last month.

  • Updated
  • Gus McCubbing

November 2022

Damien Berrell, (left) the CFO at Eclipx, will become the CEO in February 2023, taking over from Julian Russell (right)

Used car prices down 10pc since Feb peak and will keep falling

Vehicle leasing group Eclipx benefits by $0.5m each time the RBA lifts rates by 25 basis points and had a windfall from end of lease sales.

  • Simon Evans

May 2022

Used car prices are up more than 30 per cent compared with before the pandemic, and there’s sign of any let up until at least early 2023.

Eclipx says 30pc rise in used car prices will stay until 2023

The CEO of the car leasing group with 93,000 vehicles on its books says corporate customers eyeing electric vehicle fleets face long delays.

  • Simon Evans

November 2021

A semiconductor shortage and logistics strife in the pandemic means delays in the supply of new vehicles will continue until late in calendar 2022.

New car shortages to drag on for a year

The CEO of car leasing group Eclipx expects secondhand car prices, which are up 30 per cent, to stay high until late 2022.

  • Simon Evans

May 2021

Eclipx runs fleet management and fleet leasing services.

Eclipx outlook brightens on strong car leasing demand

CEO Julian Russell aims to be on the front foot in a multi-billion dollar industry where a wave of consolidation is expected.

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  • Simon Evans
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April 2021

There has been a boom in new vehicle sales as people opt out of public transport and had early access to their superannuation.

Big wheels keep on turning for the auto industry

How proactive investors can look beyond the well-known names to identify businesses that have benefited from the rebound but have capacity for more growth.

  • Elio D'Amato
SG Fleet’s big buy could trigger more deals.

SG Fleet’s $387m deal raises speculation of further consolidation

The strong financial market environment amid the COVID-19 recovery was one of the stars that aligned to make the LeasePlan buy possible. 

  • James Thomson

November 2020

Europe has been ahead of the curve in the adoption of electric vehicles.

Car leasing group Eclipx to push hard on electric vehicles

CEO Julian Russell says it will be on the front foot with electric vehicles and hybrids for corporates, as activity levels rebound.

  • Simon Evans

September 2020

Driving not flying will be with us for a long while as the pandemic rolls on.

Driving not flying: How investors can capitalise

Analysts are bullish on companies that sell cars, supply parts for vehicles and operate tollroads.

  • Simon Evans, Jenny Wiggins and Tom Richardson
New car sales have gone backyards in Victoria by a large amount in August because of lockdowns.

New vehicle sales plunge 66pc in Victoria in August

The gulf between states where economies have reopened is stark in an overall new vehicle market which dropped 29 per cent across Australia.

  • Simon Evans

July 2020

Eclipx CEO Julian Russell.

Eclipx plans for up to three years of virus disruption

The car leasing group is concentrating on keeping costs down as it sells the last of six non-core assets.

  • Simon Evans

May 2020

Eclipx sees better times after dark March in car leasing

New business writing on car leases almost halved in April from usual levels but has started to revive in early May.

  • Simon Evans

November 2019

The boss of Eclipx says the market in car leasing is too crowded in Australia and consolidation is needed.

New Eclipx CEO says industry is crowded

Six substantial players in Australia's car leasing industry is too many, says chief executive Julian Russell.

  • Simon Evans

September 2019

Eclipx CEO Julian Russell is coming out of the shadows.

Eclipx CEO says costs still way too high

The former UBS banker now running the car leasing group is pruning $20 million from the business and using securitisation deals for sharper funding.

  • Simon Evans

August 2019

Banker-turned-Eclipx boss Julian Russell's divestment program is forging ahead.

Insurers, private equity lined up for Eclipx's Right2Drive

The next leg of ex-UBS banker Julian Russell’s simplification program at Eclipx is about to get underway.

  • Sarah Thompson and Anthony Macdonald
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July 2019

Tech pitch for Eclipx's laptops, photocopiers finance unit

As the curtains close on Eclipx's bad time with auction house GraysOnline, the focus has moved to its next divestment. 

  • Sarah Thompson and Anthony Macdonald
Fleet management company Eclipx has offloaded the Grays Online business and AreYouSelling to Quadrant Private Equity.

Eclipx takes big haircut in $60m Grays Online sale

The sale of Grays Online ends one part of a sorry tale for fleet management group Eclipx which has a new team in the driver's seat.

  • Simon Evans
$4.85 million for a former Grays Online distribution centre at 19 Hewitt Street

Quadrant Growth Fund closes in on Grays Online: sources

Quadrant Growth Fund is closing in on its maiden acquisition, Street Talk can reveal. 

  • Sarah Thompson and Anthony Macdonald

June 2019

An Aussie dollar in the low 60s would boost the tourism industry.

10 predictions for shares from July 1

Slower global growth, a tech bust and a boost to tourism thanks to a lower Aussie dollar are on professional investor Chris Stott's radar from July 1.

  • Updated
  • Chris Stott
Banker-turned-Eclipx boss Julian Russell's maiden result has been met with a 60 per cent jump in the company's share price.

All quiet on the Grays front, as fresh faces fear favourites

If there's one thing we can't doubt about new Eclipx boss Julian Russell's credentials, it's his ability to run a sale. 

  • Sarah Thompson and Anthony Macdonald

Original URL: https://www.afr.com/company/ecx-ip