Consumer confidence, dealer expertise and support from finance houses have led to PCP success in the past 12 months.
The first motor retailers received ‘landing slots’ for FCA credit authorisation in January of this year. Eight months on, dealers seem unfazed by the changes
New GAP guidelines apply from September 1 and although providers are confident, some remain concerned about profits
Warranties offer dealers increased revenues and retention from reassured customers.
As used car finance grows in importance, independent dealers face greater demands to comply with the credit watchdog.
Car dealers may have to change their approach to selling finance and insurance products, but profits can still be made
High street lenders shied away from car finance during the recession, but are beginning to flex their muscles. How can car dealers use the point-of-sale advantage to see them off?
The Financial Conduct Authority has conducted a study into the handling of vulnerable consumers by the finance and insurance sectors.
Devising a profitable stocking policy is not straightforward, but modern dealers have the benefit of new analysis tools, better market data and increased finance options
The Financial Conduct Authority published its finalised rules for consumer credit companies at the end of February.
The FCA takes control of consumer credit regulation on April 1 and its message to car dealers is simple: Put the customer at the heart of your business ... and prove it
FCA inquiry found a lack of transparency about price and cover of add-on insurance products
The FCA requires consumer credit business such as car dealers to abide by 11 principles of business
The FCA has imposed heavy penalties for breaches of its rules in other business sectors
Forthcoming changes in consumer credit regulation may help dealers to get better penetration rates on warranty sales
'Ill wind' boost for F&I: Credit crunch has resulted in a big increase in the demand for dealer finance.
Car manufacturer data can help franchised dealers spot the right time to target finance renewals.
Used car HP and PCPs are forecast to increase, but dealers still face challenges