There can be no disputing the fact that personal contract purchase (PCP) deals have forced a shift in the UK motor industry.
Finance providers should be offering short-term motor finance products available to EU nationals in the UK to prevent Brexit uncertainty from hampering new car sales, according to Buyacar.co.uk.
Volvo Car UK has appointed Verex to operate its seven day and annual motor insurance scheme for its 102 dealerships.
Auto Service Finance (ASF), an interest free payment plan aimed at the aftersales market, has rolled out at its 320th dealership in the UK.
An ever increasing number of used car buyers are moving towards mobile devices to access dealer web, according to new figures from iVendi.
Alphera Financial Services has released the second instalment of its industry research report, ‘Financing the Car of the Future’.
Point-of-sale new car finance grew by 10% by value and 5% by volume in June, according to the latest figures from the Finance & Leasing Association (FLA).
Customers will be more open to warranty and insurance products as they crave greater security amid the uncertainty of post-Brexit Britain.
Motor finance specialist Moneyway has seen its lending balances rise by 35% in the last 12 months, according its latest financial results.
Black Horse is expecting to see increased challenges in the second half of this year as the regulatory and economic climate becomes more uncertain.
Startline Motor Finance has appointed Kelly Ventham as its northern regional sales manager as the business continues in its “growth phase”.
Peugeot is hoping its facelifted 2008 SUV will give its 66-plate registration sales campaign a boost in September.
GAP and motor-related insurance providers have been identified by the FCA as among principal firms failing to properly supervise appointed representatives.
The Financial Conduct Authority has fired a warning shot for general insurance firms acting as principals for appointed reps, after it found shortcomings.
Motor finance technology specialist iVendi has appointed Phil Harding to head up its marketing operations after expanding its client base from less than 3,000 to over 7,000 in the past year.
Close Brothers Motor Finance is looking to grow its business this year with the help of used car PCPs in the independent dealer market.
RCI Financial Services has appointed Verex to manage motor insurance schemes for Renault and Dacia as the brands introduce new seven day and annual policies.
Toyota has launched a new application to allow customers to manage their finance agreements online at any time of the day or night.
The National Franchised Dealers Association has welcomed the Bank of England’s decision to hold interest rates at 0.5%.
The cost of failing to check customers’ eligibility for motor finance early in the sales process is costing the average dealership almost £8,000 per salesman each year, according iVendi.
Motor finance provider Moneyway has appointed Richard Cox as its new head of operations.
Point of sale (POS) consumer used car finance on new business grew 22% by value and 18% by volume in May, compared to the same month in 2015.
Oracle Asset Finance Ltd has appointed former Barclays, Direct Line, Nat West and RBS man Mark Catton as its new chief executive.
BMW Group Financial Services launches an Innovation Lab to attract start-up firms with disruptive technologies that can help develop new financial products.
PCP finance could be the next mis-selling scandal if salespeople haven’t been clear at the sale, warns The National Association of Commercial Finance Brokers.
