Car owners that have kept their vehicle for over 10 years are coming back to the new car market due to strong PCP deals, according to Glass’s.
New car finance saw a 15% increase in June year-on year to 84,526 units, according to the latest figures from the Finance and Leasing Association (FLA).
In the face of changing manufacturer and customer preferences, a question emerges – could the car dealership be at risk of growing a little out of touch?
Smarter remarketing strategies will be needed by manufacturers and major vendors if they are to be successful in the used car market during 2016.
Black Horse has reported 18% net lending growth since 31 December 2014 and 33% year-on-year to £8 billion driven by strong levels of new business.
Mark Harrison, finance director at car dealer group Caffyns, has given the firm his notice of retirement.
AM has today announced it will once again host its popular F&I Compliance Conference following its hugely successful first one in 2014.
BMW Group Financial Services has appointed Preston Rogers as general manager of group brands in the UK.
The Financial Conduct Authority (FCA) is proposing that automotive retailers must show a claims ratio on all general insurance add-on sales as part of new measures it is looking to introduce.
Volkswagen Financial Services has appointed Jonathan Ellis and Chris Raynsford as strategic fleet sales managers to help grow its market share in the large fleet sector.
The number of new cars bought on showroom finance grew 6% in May earlier, with average advances to consumers for new car purchases up 4% to £16,500.
Dealers are invited to have their say about the performance of the finance houses that support them.
32.17% of finance checks conducted by My Car Check in the first half of 2015 showed money was still owed on the car.
Mazda UK is offering a selection of finance offers that run to the end of September 2015 on the newly launched MX-5.
The growing success of its used car operation has contributed a significant amount to the boost in turnover and profitability of car dealer Arnold Clark Automobiles.
Car dealers selling GAP insurance have until September 1 to ensure new add-on sales rules are applied.
A team of eight Close Brothers Motor Finance employees are taking on an extreme three-part challenge to raise funds for Cancer Research UK.
Motor finance provider Alphera Financial Services has appointed Spencer Halil as its new director.
The Financial Conduct Authority (FCA) has fined Lloyds Banking Group £117m for failing to treat its customers fairly when handling Payment Protection Insurance (PPI) complaints.
BMW Group Financial Services is simplifying motor finance from today, with the core finance package (at any BMW or MINI) for each product being the same.
Close Brothers Motor Finance is urging dealers to plan ahead for the paper counterpart driving license withdrawal on June 8.
Point-of-sale consumer new car finance was up 11% by volume and 17% by value in April, compared with the same month last year.
AutoProtect is encouraging car dealers to take a positive approach toward added value products such as MBI and RTI insurance, alongside FCA requirements.
NextGear Capital UK has won the title of Wholesale Funder of the Year at the International Auto Finance Network Awards.
The Financial Conduct Authority is due to announce its view on how complaints about mis-sold loan insurance are being handled at the end of the summer.
