The Financial Conduct Authority has appointed a third-party independent expert to consult with car loans firms as the regulator progresses its review of historic discretionary commission arrangements.
Private equity firm Keyhaven Capital Partners has agreed to sell its equity stake in independent collision repair group Steer Automotive to Oakley Capital.
Monthly figures from the Finance & Leasing Association (FLA) show that new consumer car finance business volume fell 7% in November compared to 2022.
Close Brothers Premium Finance (CBPF) has signed an exclusive deal with broker The Green Insurer
This month’s AM Live will feature an interactive panel discussion that will explore how to unlock future opportunities through automotive finance.
The Financial Conduct Authority (FCA) has moved to protect those in financial difficulty by requesting unregulated buy-now-pay-later BNPL firms to make changes to potentially unfair and unclear contract terms as new research reveals a significant increase in the use of short term financing.
ATG and account-to-account payment specialist Vyne have been able to cut retailers’ transaction fees by up to 73% with open banking technology.
Darren Sinclair, iVendi chief customer officer, shares his views on some of the crucial factors that will determine Chinese OEM success in the UK.
Cambria Investment Holdings has recruited Mike Allen to head its new investment company Cambria Private Capital.
Monthly subscriptions are becoming the preferred payment method for car buyers purchasing maintenance plans, according to a business specialising in managing manufacturer service plans
Geely's electric vehicle brand Zeekr has signed a pan-Europe deal with BNP Paribas Personal Finance and Arval for motor finance, full-service leasing and insurance services.
AutoProtect appoints compliance chief
Gap insurance experts are calling for the Financial Conduct Authority (FCA) to clarify its stance, citing its recent blanket warning as “irresponsible”.
The restructuring agreement announced by online car dealer Cazoo this week to “deleverage” its capital structure and further improve its “financial flexibility” won't yet smooth its investors' journey, and stakeholders should "buckle up" according to one expert.
The FCA has given insurers a three-month ultimatum after recent data revealed that guaranteed asset protection (GAP) products could be failing to provide fair value.
TC Harrison Group is investing in systems and training to help its workforce identify and support vulnerable customers in line with Financial Conduct Authority demands.
Car Care Plan’s acquisition of the assets of insurance broke Verex is being hailed as a “a great strategic fit” its chief executive Ben Russell.
New research by JATO Dynamics, has found that a large proportion of consumers across EU5 (France, Germany, Italy, Spain and the United Kingdom) are confused by car finance packages – unable to understand and differentiate between the details of finance products.
Electric car subscription firm Onto, which has a fleet of 7,000 EVs and a customer base of 20,000 subscribers, has collapsed as it ran out of cash.
As the UK's new car market climbs towards its more natural level, and the flow of used cars onto forecourts increases, motor retailers should be prepared to see more innovation from finance firms and even new entrants, writes Darren Sinclair, chief commercial officer at iVendi.
The fleet sector’s concerns over the fall in value of used electric cars could be pivotal to the UK’s success in phasing out fossil-fuel models.
International banking group CA Auto Bank and British supercar manufacturer McLaren Automotive have launched McLaren Financial Services in key European markets.
Renault Group’s Ludovic Troyes is to join vehicle warranty and associated insurance business Opteven as its chief executive in September as part of the business’ growth plans in UK & Ireland.
Dealers are increasingly looking to valuable add-ons to help boost profits
High monthly payments are likely driving thousands of private motorists away from signing up to new car PCH deals, according to the latest report from the British Vehicle Rental and Leasing Association (BVRLA).
