The Financial Conduct Authority (FCA) is set to focus its efforts on clarifying the terms and conditions of finance agreements and making it easier for customers to complain in a new Customer Duty.
Former Audi UK sales manager Matt Solven and Dan James have been appointed to the board of Volkswagen Financial Services UK (VWFS).
UK Government’s surprise decision to cut the plug-in car grant came out of the blue in March, but there are a strong set of incentives in place for electric vehicle (EV) buyers for Q2.
AutoProtect Group has appointed former Manheim and Aston Barclay managing director Tim Hudson to the newly-created role of chief sales and marketing officer.
Bumper, which rebranded last month from Auto Service Finance, has launched its interest-free payment platform for car repairs and servicing in Ireland.
V12 Vehicle Finance (V12VF) has named David Nield as its new managing director, replacing David Mercer.
Almost a quarter of Brits (23%) see themselves driving an electric vehicle (EV) by 2026, according to research by Volkswagen Financial Services UK (VWFS).
Digital finance processes are allowing car retailers to “shave more and more time off the online motor finance process” and improve customers’ retail experience, says Startline Motor Finance.
The Finance & Leasing Association (FLA) and British Vehicle Rental and Leasing Association (BVRLA) have called for changes to the UK Government’s taxation Super Deduction to provide a “shot in the arm” for car leasing.
More than a third (38%) of drivers have delayed their car buying plans as a result of economic uncertainty caused by COVID-19 and Brexit, a report by Close Brothers Motor Finance has found.
More than a third (37%) of used car transactions, including finance applications, took place entirely online during COVID-19 'Lockdown 3', according to iVendi.
Automotive retail ecommerce specialist drivvn has appointed Lucy Trott as its new client director.
Automotive finance provider White Clarke Group has been acquired by US-based IDS to form a single entity claiming to serve a $7 trillion secured finance end market.
The Finance and Leasing Association (FLA) has said it expects a “strong rebound” in the automotive finance sector after car showrooms emerge from COVID-19 ‘Lockdown 3’ on Monday.
Cinch, the online used car retail business, has been tipped for market leading potential amidst reports its owner Constellation Automotive Group is trying to raise £500 million of institutional funding.
Labour’s shadow business minister Ed Miliband has called for interest free loans to help low and middle-income families purchase a new electric vehicle (EV).
Northridge Finance sales director Alan Carson has announced that he is departing the business after 26 years.
Car manufacturers have responded to Government’s decision to cut its plug-in car grant with a mixture of frustration and tweaked finance offers to maintain their March sales.
Manchester-based car finance company Zuto has hired 100 new staff members since June 2020 to increase its workforce by 40% during the COVID-19 pandemic.
The Finance and Leasing Association (FLA) has predicted a “strong recovery” from the consumer car finance sector after volumes declined by 35% as COVID-19 ‘Lockdown 3’ stalled trading in January.
Automotive ecommerce specialist iVendi has helped UK car retailers to facilitate £1.3 billion in vehicle sales in the past 12 months – up £200m despite the impact of COVID-19.
Automotive retail ecommerce specialist drivvn has appointed Sian Cutter as its new head of finance to support software as a service (SaaS) delivery to the sector.
UK accounting watchdog the Financial Reporting Council (FRC) has opened an investigation into Deloitte audit of Lookers PLC’s financial statements for 2017 and 2018.
Demand for subprime lending has more than doubled in the last year, according to motor finance broker Caerus Capital.
Alphera Financial Services has launched a new online finance and insurance (F&I) training programme, ‘Funding Essential Skills'.
