Dealers who depend on add-ons as an earnings stream face a triple challenge from regulators, manufacturers and consumers armed with abundant online information
Tesla has announced a new ‘Model S’ financing programme for private customers in the UK.
Wednesday saw the first of the FCA landing slots relating to the motor finance industry opened for submission. That means, for some dealers, there may now be less than three months to go to complete the application.
Glass’s Dr Richard Parkin says free service plans and warranties may replace the deposit contributions offered on PCPs.
Dealers should be sharing insights into F&I and steer away from posting and tweeting finance deals in order to both engage consumers and reflect the spirit of the Financial Conduct Authority (FCA), according to Simon Ryan, managing director of Social Advisors, a digital marketing agency.
Vauxhall Motors has revised its 'lifetime warranty' programme.
Is the FCA your friend or foe? The answer is probably neither. But what the FCA should be treated as, if we are to successfully make the transition to the new regulatory framework, is a partner.
More than 90% of customers fail to use dealers’ used car finance offers because they are unaware of them or do not understand or trust the information, according to new research.
The Funding Corporation (TFC) has closed ACF Car Finance, its branch with five retail sites selling used vehicles on group loans, ahead of a push to increase advances through motor retailers.
Stoneacre Motor Group has redesigned its Clearway Car Finance website in an attempt to secure a bigger share of the UK’s growing sub-prime used car finance market.
Car dealers need to be prepared from today (October 1) to apply to provide consumer credit
Local dealerships are the number one choice for in-market buyers looking to secure finance for a new or used car purchase.
Dealers looking for assurances on what is required to ensure they meet Financial Conduct Authority’s rules on motor finance selling are invited to take part in a free webinar.
With the Financial Conduct Authority’s interim period coming to an end, AM has launched its very first Finance and Insurance Compliance Conference to provide dealers with the detail they need to continue to meet the FCA guidelines in every aspect of their business.
Vauxhall is hosting a celebratory event at its retailers across the country during this weekend where customers purchasing a new Vauxhall car or van will receive a £500 cash gift.
Dealer group Stoneacre has built a new dedicated website and rebranded its sub prime vehicle finance business, ClearwayCarFinance.
The Financial Conduct Authority (FCA) may seek to remove the point-of-sale advantage from used car motor finance if similar moves with GAP insurance are successful, said James Tew, director at iVendi.
Financial Conduct Authority guidelines and new customer rights legislaton could force dealers to pass on higher prices to customers.
The Financial Conduct Authority (FCA) seems certain to introduce a ‘time to consider’ clause in GAP insurance policies sold at point of sale, which could reduce a valuable revenue source for dealers and F&I providers.
Failings in their mortgage sales process have landed RBS and Nat West with a £14.5 million fine from the Financial Conduct Authority.
The ongoing growth in vehicle funding has led to warning for dealers not to become complacent about the vitality of the market.
The Council of Mortgage Lenders estimates that gross mortgage lending reached £19.1 billion in July.
The Financial Conduct Authority (FCA) has found that some promotions for financial products are still falling short of its rules and firms need to do more to ensure that advertisements do not mislead consumers.
Moneybarn, the Petersfield-based subprime car finance specialist owned by Duncton Group, has been acquired by Provident Financial Group in a deal worth £120 million in cash to shareholders.
There has been little research into how customers behave once PCP contracts come to an end, which may mean dealers are in for a shock, writes Prof Jim Saker.
