A new white paper from iVendi sets out three strategies for dealers and finance providers to modernise their motor finance operations.
The Financial Conduct Authority has set out some of the factors it will consider if it launches a UK-wide consumer redress scheme as part of its review into car loans commission.
MotorEasy has launched a new GAP insurance product tailored specifically for leased vehicles offering cover if the car is written off and the insurance payout falls short of covering the remaining lease balance.
iVendi is partnering with customer engagement specialist Barbuck to help dealers connect with potential finance customers by turning online interest into real-time conversations.
A car dealer operating illegally in Croydon has had one of his vehicles crushed after repeatedly ignoring council warnings to cease trading on public roads without a licence.
Fires involving electric cars have surged by 77% in just two years, highlighting mounting safety concerns over the lithium-ion batteries.
Rowes Garage fined over £200k after staff diagnosed with Hand Arm Vibration Syndrome from overuse of tools.
Regulatory investigations and authorisations expert Andy Smith has joined the team at Auxillias, the specialist legal and compliance firm.
Brussels is proposing an overhaul of current rules to bring Europe’s MOT standards in line with the rapid rise of electric vehicles.
From September, the EU Data Act will require manufacturers to give vehicle owners control over their data, allowing them to share it with third parties, writes Marcel Wendt, CTO and founder of Digidentity.
Ford’s motor finance subsidiary FCE Bank has set aside £61 million to cover potential compensation claims as it awaits a crucial Supreme Court judgment on car finance mis-selling practices.
Banco Santander is reportedly considering separating its car finance division from the rest of its UK operations, as fears mount over potential redress on motor finance commission
Used car marketplace Motorway has announced a significant upgrade to its insurance offering, Motorway Protect to cover over 90% of vehicles sold on the platform.
Business employees are among the target customers of a new venture which promotes nearly new electric vehicles on leases.
The Supreme Court now faces the complex task of weighing consumer protection against the operational realities of the motor retail industry
The UK's motor finance industry must wait until the summer to hear whether the Supreme Court will overturn the notion that lenders and their partner car dealerships have been unfair with their customers because of the finance commission paid to dealers.
The National Franchised Dealers Association (NFDA) today fiercely countered accusations that its members have engaged in bribery for decades as the Supreme Court appeal continues
Vehicle inventory funding bank Distribution Finance Capital has increased its annual profits from £4.6 million to £19.1m.
A landmark Supreme Court case could determine the fate of a potential £44bn compensation bill linked to undisclosed dealer commissions.
LKQ Euro Car Parts is calling on technicians to ensure that they’ve completed their 2024/25 MOT CPD training before the end of March, ahead of changes to the testing process designed to prevent fraud.
A third (34%) of drivers are unaware they may be entitled to compensation due to historic discretionary commission arrangements (DCAs), according to a new survey by direct-to-consumer online lender Carmoola.
The revelation that UK technology secretary Peter Kyle has been using ChatGPT for policy advice has sparked debate about the transparency of AI-generated interactions.
New research reveals that 65% of car finance customers who took out loans before the ban on discretionary commission arrangements (DCAs) trusted their dealer to offer them the best deal
Eddie Flanagan, partner at law firm Shakespeare Martineau, notes that it while a spotlight remains on the UK's motor finance market due to important legal actions it is critical for lenders to be continuously refining their data and practices.
It’s a year since the FCA’s investigation into GAP insurance, casting light on the character of the motor finance industry. But GAP is back on the table and motor retailers can make strides to re-build revenue, writes Duncan McClure Fisher, CEO at Intelligent Motoring.
