Dealer groups are increasingly shedding debt and reviewing working capital practices to brace against falling sales and an unpredictable political landscape
The Financial Conduct Authority’s findings on commissions, information disclosure and affordability have big implications for the motor retail industry
FCA clarity on commission fees is good news, say most industry observers
Cost controls and transparent performance updates are essential to retain lenders’ confidence in a struggling economy
The FCA’s inquiry raised serious concerns about car dealers and brokers manipulating finance rates to increase commissions
PCP accounts for more than 80% of the new car finance sold in the UK, but PCH is growing fast, mostly at the expense of hire purchase and personal loans
PCP still accounts for more than 80% of the market, but personal contract hire is growing faster than any other form of finance in new car retail
The future of motor finance - from MaaS to all-in-one payment models, to online finance – AM asks the experts what dealers can expect
Motor retailers need to be more conscientious than ever to avoid the consequences of mis-selling, delegates at Automotive Management Live were told.
The internet is one of the dealer’s most powerful tools. Use it to show consumers how effective – and FCA-compliant – your specialist motor finance can be
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 7 2019
Where: Birmingham NEC
Find out what features are in this month's, and future, issues