PCP offers are luring car buyers to upgrade their cars more frequently, potentially creating an embarrassing cash shortfall, according to What Car?.
Most of your customers visit your website and go on to buy cars using finance – make their journey as easy as possible.
FCA scrutiny of car dealers' commission on F&I products will happen “quicker than we think”, according to Barclays Partner Finance managing director Mike Britton.
Frontline Solutions managing director Martin Hill has announced the rebranding of the business as DealTrak as part of an expansion phase which will see it move into a larger headquarters in Leeds city centre.
Car insurance premiums are continuing to rise, with the AA’s ‘shoparound’* quoted premium up 3.7% in the three months to the end of September.
Finance companies have adapted well to enhanced legislation, but say they are working hard to anticipate future changes to the industry.
An independent used car dealership has had its consumer credit permissions withdrawn by the Financial Conduct Authority.
Car-buyers increasingly expect a seamless online-to-showroom experience, including the opportunity to organise finance options.
New business in the point-of-sale consumer new car finance market grew 9% by value and 5% by volume in August, compared with the same month last year.
Business Enterprise Fund cash is allowing Reynolds Ford of Selby to boost its stocking policy and completely re-design and develop its website.
The target-driven used car salesmen of yesteryear are being replaced by dealership ambassadors, who ‘consult’ with their customers rather than ‘closing’ them.
Car insurance costs have been named by drivers as the motoring cost that has increased the most in the past 12 months and their number-one cost-of-motoring concern. Car maintenance bills was second.
A third of dealers are leaving their business exposed to online finance brokers by not offering motor finance on their website.
The Financial Conduct Authority (FCA) marks six months since the start of the Senior Managers’ and Certification Regime by proposing ways to strengthen it.
The Financial Conduct Authority has published its examination of the impact of Big Data in sales of general insurance such as motor cover.
Close Brothers Motor Finance has expanded its Scottish team with the appointment of seven new members of staff.
BMW Financial Services has added another insurance solution, Excess Protection Insurance, to its suite of motor insurance products.
F&I systems provider Frontline Solutions has appointed Christian Ingrey and Steve Lees to senior roles.
More may need to be done to educate the rapidly rising number of PCP customers about the condition in which their lease car should be returned, says Glass's.
Point-of-sale (POS) consumer new car finance market grew 1% by value and 1% by volume in July, compared with the same month last year.
Finance software specialist Codeweavers is celebrating is most successful month ever after introducing its systems into 51 dealer websites in August.
Motor finance provider Moneyway has strengthened its team with the appointment of Stewart Cox as commercial director.
The results of Paragon’s latest Car Finance Headlight Survey show that 62% of brokers have experienced growth in used car applications as 48% highlighted growth in new during H1, 2016.
Dealers should consider pricing non-prime motor finance lower in order to win more business and question whether deals which demand high APR should be done, says Startline Motor Finance.
For dealerships offering insurance is an easy upsell to customers that are buying a car, but research shows that once the policy expires over 70% of consumers look elsewhere for a renewal.
