Richard Hoggart, founder and CEO of DSG Finance Group has been appointed to the board of the Finance & Leasing Association.
Omoda, Jaecoo partner with Thatcham to boost insurability, ease of repair
The UK financial watchdog plans to consult on extending the time motor finance firms have to respond to consumer complaints involving non-discretionary commissions
Insurance and warranty firm Opteven UK has appointed Neil Mobey and Emmanuel Pallot as its new heads of operations, each with distinct responsibilities to enhance the company’s service standards.
Dealer tech provider Mad Devs has swiftly updated its iStoreDOCS platform to support dealer compliance in response to a recent Court of Appeal ruling on finance commissions.
The motor finance industry is urgently calling for a pause on regulatory action and court cases over motor finance commission.
Clear, upfront disclosure of commission to ensure informed consent will be critical for providers of motor finance following last week’s shock Court of Appeal decision which saw several major industry names suspend lending in order to take stock of the implications of the ruling.
Shares in Close Brothers have taken a sharp hit in the wake of a landmark ruling by the Court of Appeal, which determined that motor finance brokers must provide full disclosure on commissions when arranging car loans.
Used car marketplace Motorway is launching a new insurance product designed to protect dealers from mechanical and electrical issues when buying used vehicles online.
An e-commerce platform is being launched in the UK by Leasys to allow potential new car buyers to easily lease electric and hybrid cars.
Providing car loans and other forms of motor finance is a critical role of dealerships that must continue in the future as buying habits and technology advance, believes Mike Allen, the managing director of Cambria Private Capital, a firm that invests in and provides advisory services to automotive startups and scaleups.
The Financial Conduct Authority (FCA) is undertaking a comprehensive market study into the insurance sector, focusing on the fairness of premium finance products used for motor insurance.
Lexus is launching a comprehensive warranty package to cover vehicles for up to 10 years or 100,000 miles on all its models, whether new, nearly new, or pre-owned.
The Finance and Leasing Association (FLA) is searching for a successor for the position of director general following Stephen Haddril's decision to retire next summer.
Dealerships risk a halt to their car loans provision in 2025 if they've not put staff through the Specialist Automotive Finance accreditation programme, warns Lisa Watson, sales director at Close Brothers Motor Finance.
A worsening shortage of replacement car parts is leaving motorists waiting weeks, or even months, for repairs, according to research by insurance broker The Green Insurer.
Car loan providers and dealerships won't need to give a final response to customer complaints related to discretionary commission arrangements (DCAs) for more than a year while the regulator continues to tackle the issue.
Opteven has launched a ‘next-level’ insurance product designed to help car owners get back on the road with a similarly priced vehicle if their car is written off
Start-up Jigcar has completed a £750,000 pre-seed funding round.
Many insurers and brokers are still failing to demonstrate fair value despite industry efforts to improve governance and oversight regarding Guaranteed Asset Protection (GAP) products.
While there are positive signs of an industrial strategy for automotive and investment in EV infrastructure, the new government's actions will be determined by political uncertainty and competing national priorities.
New car finance business volumes and value both dropped by 3% over the first half of 2024, according to data from the FLA.
NatWest Group has announced that Paul Edwards has been appointed to lead the banking group’s business asset finance business, Lombard
The Financial Conduct Authority has found "issues" in the ways that motor finance was offered or incentivised in the past and the ongoing review will determine the breadth of those issues, and what system of redress will be needed. That's according to FCA chief executive Nikhil Rathi.
Short-term insurer Tempcover and Cap HPI are joining forces to help dealers close more sales with insurance cover ranging from one hour to 28 days.
