Finance and insurance
Finance and insurance News
- New consumer car finance volumes rose 33% in November
- Darren Guiver-backed Moneyshake launches PCP finance alongside lease offers
- Lloyds Banking Group partners with Zoom EV
- Agile approach to pave car retail's road to new 'normality', opinion
- Insurers banned from quoting customers a higher price for renewals
- Stellantis and Crédit Agricole Consumer Finance to create multi-brand leasing company
- Bank of England raises interest rate to 0.25% to tackle inflation
- JLR, Porsche and Autotech part of £9m Bumper funding round
- Startline targets growth after £292m London Stock Exchange-listed securitisation
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Supply shortages reduce car brands' desire to offer new car discounts
Discounts on new car retail offers have dropped slightly by 1.9% quarter-on-quarter to £1,672 on average in Q4, according to the latest AM data.
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Have dealers and funding providers cleared COVID-hit car buyers' finance hurdles?
Motor finance companies and car dealers have borne the brunt of the COVID-19 pandemic, but how well have they overcome the challenge of motorists' 1.8 million requests for finance forbearance.
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Has online car finance really come of age?
Lenders and finance platform providers report increased online vehicle financing activity, albeit mixed with dealership interaction, although the trend is far more pronounced in used than new.
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Are car retail’s new FCA regulations having the desired effect?
Six months on from the introduction of new Financial Conduct Authority (FCA) regulations, automotive retailers should be starting to see an impact on average commission levels as they adapt to a new way of working.
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5 minutes with... Bumper chief commercial officer, Jack Allman
Bumper chief commercial officer Jack Allman speaks to AM editor Tim Rose about the aftersales finance provider's plans for 2021.
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A consumer credit challenge in 2021
Coronavirus has driven an uplift in motor finance digital applications this year, but 2021 looks set to bring further effects for dealerships regulated by the Financial Conduct Authority (FCA). Here AM examines three key impacts.
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Keeping motor finance safe to trade
In early 2021 the Financial Conduct Authority's ban on discretionary commission in motor finance will kick in. AM examines the impact on motor retailers.
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Dealers get set for disclosure and accountability in motor finance
The Financial Conduct Authority is keen for motor retailers providing consumer credit to be upfront about earning finance commission
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How are motor retailers coping under SMCR?
The FCA replaced its ‘authorised person’ credit compliance system for car dealers with the Senior Managers & Certification Regime (SMCR) on December 9
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Dealers have weeks to argue against new FCA disclosure rules
Financial Conduct Authority says proposed rules on commission disclosure are designed to give buyers more clarity
