Independent classic car sales specialist the Classic & Sportscar Centre is planning to build a 30,000 square foot purpose-built vehicle restoration centre after securing a seven-figure funding package from HSBC UK.
AutoProtect Group has appointed former Aviva managing director Matthew Briggs as its new chief executive after extending its portfolio of services with the acquisition of DealTrak.
New car retail offers in the UK have become more affordable than the previous two quarters this year, according to the latest analysis from AM.
Only one in five car buyers understand the extra cover they get from insurance add-ons, despite the average driver paying for two additional services.
Affordable premium vehicles are supporting the growth of personal leasing, according to leasing.com.
Intelligent Car Leasing claims to have launched the market’s first broker-provided car subscription service in partnership with the Wagonex car subscription marketplace platform.
Mazda is offering customers buying a car before the end of 2019 the chance to save up to £6,000 when they trade-in an older car through its newly-launched Scrappage Scheme Upgrade Plan.
Car retailers in South Yorkshire have shown resilience with a series of rapid clean-up operations after a month’s rainfall fell in just one day last week – triggering severe flooding throughout the region.
The consumer car finance market achieved year-on-year growth of just 4% by volume and 7% by value during September – despite last year’s WLTP-impacted decline.
The Finance and Leasing Association (FLA) has appointed Stephen Hadrill as its new director general.
Oodle Car Finance has appointed former Zopa and CapitalOne man Andrew Lawson as its new chief product officer on the back of the firm recently closing its £350m asset-backed securitisation (ABS).
Large majority of car-buyers have confidence in dealer’s point-of-sale finance products, but online change is coming, finds study
The Financial Conduct Authority (FCA) has opened a consultation in a bid to ban car retailers’ discretionary finance commission model – saving UK car buyers an estimated £165 million a year.
Santander Consumer Finance (SCF) has delivered an end-to-end online loan application solution for car dealers following a nine-month development programme.
Research from Zopa has shown that UK car buyers are confused when picking which car finance option is the best to fund their next purchase.
The Finance and Leasing Association (FLA) has reported that the automotive retails sector’s point of sale finance business declined by 2% during August.
Evolution Funding will look to improve its consumer-facing motor finance proposition following the appointment of Kirsty Watson as head of direct to consumer engagement.
On December 9 this year, the Financial Conduct Authority’s (FCA) Senior Managers and Certification Regime (SMCR) for consumer credit firms – including motor finance sellers – comes into effect.
The Financial Conduct Authority (FCA) has to be sure that any regulatory changes introduced by the in light of its recent review of the motor finance sector “don’t have unintended consequences”.
Dealtrak has added to the nine appointments and promotions announced in June with the addition of four new members of staff as it aims to ‘bolster its in-house expertise’.
BNP Paribas Personal Finance has teamed up with Arval to offer UK car retailers a “one stop shop” vehicle stocking product which will allow traders to purchase and finance used stock at the same time.
The Government’s recently Operation Yellowhammer ‘no deal’ Brexit contingency plan will have notable implications for the motor finance sector, according to Bluestone Credit Management.
The Finance and Leasing Association (FLA) has reported that new business in the point of sale (POS) consumer car finance sector rose 5% by volume during July.
In a bid to professionalise finance industry employees, attract young talent, and provide career progression for staff, the Finance & Leasing Association (FLA) has been promoting Motor Finance Specialist Apprenticeships, created in line with the Government-approved level 3 apprenticeship standard.
The point of sale (POS) car finance market posted year-on-year declines of 3% by volume and 2% by value across both new and used car sectors during June, according to the Finance and Leasing Association (FLA).
