The UK’s established used car retail operators will continue to dominate the sector after ramping up their breadth of services to see off new market disruptors such as Cazoo and cinch, iVendi has said.
Newly published motor finance market data from the Finance and Leasing Association (FLA) have revealed that business volumes rose by a third in November.
Carparison general manager Matt Woodward has said that the fast-growing business was galvanised by its win in the AM Awards’ Best Finance or Leasing Brokerage.
Moneyshake, the car leasing comparison site backed by Darren Guiver has secured nationwide dealership coverage to offer new car buyers PCP deals on its platform.
Lloyds has partnered with Zoom EV to offer discounted charging and accident management services to new electric vehicle (EV) buyers.
Constellation Automotive’s private equity fund owner TDR Capital is set to dispose of its LeasePlan vehicle leasing business after securing a €4.9 billion (£4.1bn) sale.
Insurers have been banned from quoting customers a higher price for renewing their motor and home insurance, than they would pay if they were a new customer.
Volkswagen Financial Services (VWFS) has predicted that new car supply shortages will trigger a festive car rental boom for franchised retailers operating its Rent-a-Car service.
Stellantis has revealed plans to partner with Crédit Agricole Consumer Finance (CACF) to create a new multi-brand leasing company which will operate across Europe.
The latest issue of AM magazine is published today with insights into the impact of FCA changes to finance rules, Honda's next stage in its retail network redesign and a first drive of the new Tesla Model Y.
The Bank of England has raised interest rates for the first time in three years in a bid to tackle UK inflation.
Jaguar Land Rover’s (JLR) InMotion Ventures fund, Porsche Ventures and Silicon Valley-based Autotech Ventures have contributed to a £9 million fund-raising round by Bumper.
Startline Motor Finance has completed a £292m London Stock Exchange-listed securitisation to fund growth and future-proof it with a move into electric vehicle (EV) funding.
Firms handling large sums of cash have been reminded of their duty to combat money-laundering after NatWest Bank was fined £264.8 million in the Financial Conduct Authority's first criminal prosecution for money laundering failings.
Consumer car finance remained up 7% by volume in the year to the end of October despite an 11% decline in October, according to Finance and Leasing Association (FLA) data.
Latest data from Leasing.com has shown that motorists most enquired about compact and electric vehicles (EVs) in November.
The Financial Conduct Authority will set new rules for regulated financial services including motor finance by mid-2022 as it aims to “fundamentally shift the mindset of firms”.
Evolution Funding has appointed Lloyds Banking Group’s Katie Hayes to the board as its first chief operating officer in what was described as a “crucial step” towards achieving its strategic goals.
Bumper has integrated with Keyloop’s car dealer management systems to facilitate the provision of digital aftersales payments.
Thatcham Research and Euro NCAP have said they are ‘encouraged’ by the results of their latest Assisted Driving Gradings.
Demand for electric vehicles (EV) grew by 87% quarter-on-quarter during Q3 as the UK leasing market demonstrated an appetite for a “rapid transition” to net zero emissions, Leasing.com has said.
Cazoo has agreed a long-term partnership with leasing company Ogilvie Fleet to provide end of life vehicle solutions.
Isuzu UK franchised dealers will offer customers free windscreen wipers and a 38-point safety check as part of its new Quick Check programme.
Paragon Motor Finance (PMF) has commenced lending on EVs with a new package that’s designed to incentivise consumers to move away from ICE vehicles.
Used car dealers need to collaborate with motor finance partners to effectively compete with new digital disruptors, says iVendi.
