Articles by Aimee Turner - Page 33
Car loan crisis could rival £50bn PPI scandal, FCA chief warns
The financial crisis brewing in the UK’s motor finance sector could rival the infamous £50 billion Payment Protection Insurance (PPI) consumer scandal, the Financial Conduct Authority's (FCA) top legal chief has conceded.
Carwow auctions to open over Christmas to help dealers benefit from demand spike
Online car platform Carwow will continue to run daily auctions throughout the festive period to help dealers source high-quality used stock and respond quickly to the anticipated seasonal demand.
NI hikes will only deepen challenges for rental and leasing sector, warns BVRLA
The vehicle rental and leasing industry faces a turbulent 2025, with escalating employer National Insurance contributions (NIC) at the forefront of mounting concerns, according to the BVRLA’s Industry Outlook Report.
Dealership boss plans to rebuild after heartbreak of devastating fire
Philip Skinner, joint managing director of Ron Skinner and Sons, has spoken about the heartbreak of laying off staff for the first time in the company’s history following a catastrophic fire that ravaged its Tredegar site in August.
EV market faces deepening crisis as residual values plummet, finds ADS
Plunging residual values in the electric vehicle (EV) market are creating substantial financial challenges for leasing companies, manufacturers, and customers alike, according to Auto Data Solutions (ADS) which is warning of a prolonged impact on the sector.