Car dealers have started rethinking their lending panels as economic pressures start to spark a reduction in the number of customers meeting “prime lender criteria”.
The Finance and Leasing Association have revealed that new business volumes in the point of sale consumer new car finance market fell by 7% year-on-year in October.
Inflation rose to a six-year high of 3.1% in November as retailers struggled against a squeeze on shoppers finances in the run-up to Christmas.
CarFinance 247 has made the Sunday Times Virgin Fast Track 100, ranking in the top ten for the third consecutive year.
Black Horse has uncovered evidence that 22% of potential car buyers do no research at all before arriving on a dealer's forecourt.
NextGear Capital has marked the milestone of 200,000 vehicles funded since it launched in 2014, hailing the stock funding business’s growth as “outstanding”.
Startline Motor Finance is preparing to push into the franchised car dealer network after securing a new £250 million credit facility from major financial institution J.P. Morgan.
Sub-prime car finance firm Moneybarn is being investigated by the FCA over how it assesses car-buyers for loans.
Dealerships have seen a 14% rise in the number of people buying on their first visit to a dealership compared to last year, EnquiryMAX reveals.
Bristol Street Motors claims to be leading online innovation in the motor retail sector with what it has billed as “the UK’s first purely web-based used car sales platform”.
Cartels are a bad thing. Everyone knows that. Businesses colluding to the detriment of customers is, quite rightly, a criminal offence.
Stoneacre Financial Services (SFS) is preparing to buck the interest rate trend to make car finance more attainable for non-prime customers.
AM100 retailers were among the awards as leading figures from the automotive F&I industry gathered at the F&I Conference and Awards Ceremony organised by DealTrak.
Automotive finance companies may be hit harder than car dealers by rising inflation & interest rates and falling consumer confidence
Paragon Banking Group reported underlying profits of £145 million as it unveiled its full year results for the year ended September 30.
Reduced margins on used cars are driving increased dealer interest in getting the most out of added value products, claims Warranty Group.
Mitsubishi will make its new Eclipse Cross available to PCP customers from £199 per month at it starts 2018 with a brace of SUV launches.
Jacqui Barker, former Auto Trader client development manager, has been appointed online finance specialist iVendi's first head of OEM relations.
Consumer new car finance volumes fell by 11% but continued to rise in value according to figures released by the Finance and Leasing Association (FLA).
Brexit uncertainty and increasing petrol prices have been cited as reasons for a spike in the take-up of short-term car insurance cover as service provider Cuvva reported a 177% rise in demand.
Advice on the key areas dealers need to be reviewing to stay on “the right side of the FCA” will be given at Automotive Management Live.
For many months we have seen a frenzy of negative media attention on the automotive sector including comment on franchised dealerships, PCPs and diesel emissions.
ContractHireAndLeasing.com has appointed car finance expert Paul Harrison into the newly-created role of head of strategic partnerships.
It appears that some manufacturers have already turned their attention to Q1’s targets rather than adjusting retail campaigns for the next quarter
Dealers hopes for another VAT windfall have been dashed. The Supreme Court yesterday overturned earlier positive court decisions in relation to Littlewoods’ claim for compound interest on overpaid VAT.
