The AA has become a potential takeover target as it looks to raise funds to re-balance its books in light of a £2.65 billion debt.
Many will still need time to fully consider the content of the Financial Conduct Authority’s (FCA) final ruling from its motor review and the impending ban on discretionary commission models, published earlier this week.
Mercedes-Benz Financial Services (MBFS) has become the first car manufacturer finance house to be approved as a fully-accredited Coronavirus Large Business Interruption Loan Scheme (CLBILS) lender.
Auto Trader is targeting further automation of the car sales process following the acquisition of finance, insurance and compliance software platform AutoConvert.
The September plate-change campaign will be the next big test for new car finance offers
A new iVendi product provided to coronavirus crisis-hit vehicle retailers for free has been used to manage and negotiate more than £63m of vehicle finance deals in the last 10 weeks.
The Financial Conduct Authority (FCA) has confirmed its move to ban all discretionary commission models in motor finance to save car buyers £165 miilion-per-year and eliminate “conflicts of interest” in the sector.
Jaguar Land Rover (JLR) is introducing an interest free payment option for aftersales work across its retail network, following the appointment of Auto Service Finance (ASF).
A new integration between iVendi and RAPID RTC means 'improved lead generation and management' for dealers.
A car dealership’s financial controller has been jailed for three years for defrauding the business of £252,000 as its owner struggled to fund his wife’s treatment for cancer.
Cash-strapped motor finance customers can ask for a second three-month freeze or cut on their monthly payments that could last into 2021, the Financial Conduct Authority has confirmed.
MotoNovo claims to have moved towards the Financial Conduct Authority’s (FCA) car finance ideal scenario with the launch of its new “priced to risk” MotoRate offering.
Car buyers who reined-in their spending during the COVID-19 lockdown period have returned to the market with improved credit ratings and higher budgets, research suggests.
Kia, Renault, Dacia, Seat, Skoda and Suzuki in particular have been offering strong new car finance offers since June to help the new car market revival.
Car retailers have been warned to be on their guard after a fraudster attempted to scam the James Glen Car Sales out of £41,000 and a Porsche Cayman sports car by exploiting the Government’s Bounce Back Loans (BBL) scheme.
Research published by What Car? has revealed a list of new cars that are cheaper to buy on finance than outright in cash.
Evolution Funding witnessed a record number of proposals through its online platform in June as car buyers flocked to dealer websites in the hunt for a new car.
Online motor finance applications have risen by 53% since the period before the Coronavirus lockdown started, according to iVendi.
MotoNovo Finance has announced it is able to provide additional support to the dealer community as an accredited ‘Introducer’ for the Aldermore Coronavirus Business Interruption Loan Scheme (CBILS).
The Financial Conduct Authority is set to demand motor finance firms extend the support available to customers left short of cash due to COVID-19.
Nissan has followed a string of car manufacturers in offering a three-month PCP finance payment holiday offer on models across its range of vehicles.
Hardly a year goes by without the role of regulation in the economy being reconsidered. Even now, in the midst of a national crisis, the debate continues.
Peugeot has highlighted potential cost of ownership savings of up to £200-per-month in a bid to promote sales of its new range of electric vehicles (EV) and plug-in hybrids.
MotorVise Automotive has partnered with Drive Assured and The Compliance Company to form the Motor Alliance – a new business aiming to drive car dealers’ profitability.
Lending panels are favouring finance providers that can deliver a high degree of flexibility as dealers look to restart their businesses after the Coronavirus lockdown.
