Northridge Finance has achieved a year of record growth, lending £1.1bn and increasing its funded fleet to 8,000 vehicles with Marshall Leasing.
The long-awaited FCA update on the motor finance industry has sharpened the sector's focus on Difference in Charge (DiC) arrangements that can lead to higher interest rates for consumers.
Consumer car finance volumes increased 1% as the value of business rose by 6% during January, new figures released by the Finance and Leasing Association (FLA) show.
The Finance and Leasing Association (FLA) has promoted its motor finance apprenticeship standard through its network during National Apprenticeship Week.
Recently-launched Leasing.com has revealed that Mercedes-Benz “dominated” its league table for the personal contract hire market.
The effect of changes announced by HMRC this week relating to how VAT applies to PCPs will be “limited” as long as sensible residual values are being set by finance companies, says Startline Motor Finance.
Motor industry groups have given a mixed response to yesterday’s report from the Financial Conduct Authority, which highlighted certain dealer reward structures in motor finance and a need for clarity about commission payments.
The HMRC has announced a policy change in the VAT treatment of PCP vehicle sales which is likely to have a major impact on the future of the car retail market.
The days of car buyers paying large deposits for a new car could be numbered, according to Concept Vehicle Leasing.
Oodle Car Finance has celebrated that processing of over £3bn of car finance applications across its 168 car retailer partners during 2018.
Evolution Funding has secured investment to support its expansion from mid-market private equity investor LDC, which will take a significant minority stake.
Carwow, Motorline and Autorama all came under the scrutiny of the Advertising Standards Authority (ASA) after complainants highlighted flawed claims about the savings they could achieve for motorists.
New car prices have increased by up to 49% since Britain voted to leave the EU, according to data published by Parkers.
DealTrak has announced the launch of its new compliance module to assist in managing automotive finance and insurance products.
Just 53% of motorists understood the terms and conditions of their last car finance deal, according to research commissioned by Europcar Mobility Group UK.
Hippo Leasing Direct has launched a new online portal, to help fulfill declined finance customers and maximise lead revenue for partner leasing brokers
IVendi has announced the creation of five major new senior positions, including three vice president appointments.
The consumer car finance market grew 1% by volume during December according to the latest figures published by the Finance and Leasing Association (FLA).
Dealerweb has found that dealers across the UK saw revenues grow from new and used sectors in January while finance penetration increased.
iVendi has signed its “first major international deal” with Société Générale subsidiary, Bank Deutsches Kraftfahrzeuggewerbe GmbH (BDK), in Germany.
Contracthireandleasing.com has re-launched as Leasing.com, with a refreshed desire to move motorists out of ownership and into usership.
Finance profit will be key to car retailers’ efforts to realise greater profit from used cars in 2019 as FCA scrutiny and greater influence from the market’s ‘disruptors’ continue to apply pressure.
The Financial Conduct Authority (FCA) has opened consultation on new rules which would require firms to publish General Insurance (GI) value measures data in a bid to improve transparency for consumers.
The IMI has added F&I accredited salespeople to its professional register as part of an Alphera-supported scheme to improve transparency and satisfaction.
Inchcape Retail has announced that ten of its business managers have successfully received The IMI Accreditation for Finance and Insurance standards.
