Dealers are likely to experience more intrusive relationships with their finance suppliers under stricter rules made by the Financial Conduct Authority (FCA).
Vauxhall has extended its insurance offer on selected Adam and Corsa models.
GAP insurance sales were flat in September, according to data from supplier AutoProtect.
Stock funding provider Next Gear Capital has said dealers’ used car buyers are becoming increasingly “discerning” stock condition.
James Tew, Ivendi chief executive, believes the industry needs to be offering more choice for motor finance at point of sale to avoid further FCA regulation.
Ford is offering young drivers between 18-24 up to £2,240 towards insurance to help reduce the cost of motoring.
iVendi has updated its recently-unveiled online motor finance decisioning tool to make sure it meets new Financial Conduct Authority (FCA) requirements.
UK car dealers have recorded an 11% reduction in guaranteed asset protection (GAP) insurance sales this September.
Close Brothers Motor Finance employees have raised over £1,200 for participating in the London to Brighton bike ride to help raise funds for Cancer Research.
The new managing director of FCA Automotive Services is confident the continued growth in the UK’s economy and employment stability will mitigate any concerns with used car oversupply and a drop in RVs.
Close Brothers Motor Finance has expanded its sales team in England with nine new appointments.
Customers who have bought a car on PCP may find that dealers become stricter about end-of-life recharges as used vehicle values come under increasing pressure.
Car dealers are being urged to ensure they have an effective online finance offering.
The number of new cars bought by consumers on finance provided through dealerships increased by 13% in July, compared with the same month last year.
Lower volumes of corporate fleet vehicles in the UK over the last quarter has resulted in full auction halls supported by active online buyer attendance.
The first motor retailers received ‘landing slots’ for FCA credit authorisation in January of this year. Eight months on, dealers seem unfazed by the changes
The Floow, which provides telematics services to insurers, has won a contract with Renault-Nissan to deliver analytics using original data from future vehicles.
Car manufacturer data can help franchised dealers spot the right time to target finance renewals.
The more pre-regs that enter the market, the stronger price distortions become.
Car dealers are being warned to be sensitive to customer needs when selling PCP products in September, as complaints to the financial ombudsman have increased.
UHY Hacker Young's automotive team has expanded with the appointment of Richard Higham as its corporate finance director.
Actor George Cole's death came as sad news, but the automotive industry may hope Arthur Daley can now be laid to rest, says Willem van Lynden of Boost Capital
Sturgess Motor Group has signed a deal to use a range of iVendi’s online motor finance tools to drive sales through its used car websites.
The Financial Conduct Authority has begun a thematic review of staff remuneration and incentives at firms offering consumer finance, such as car dealers.
Car dealer Lookers, number four in the AM100, has reported the seventh successive year of profit improvement in the six months to June 30, 2015.
