Franchised car retailers face will face “a new set of trading parameters that they have not experienced for quite some time”, according to corporate finance advisors at Duff & Phelps.
A quarterly dealer attitude survey carried out by Close Brothers Motor Finance has found that 92% of dealerships are confident about market prospects for 2018.
A self-help Garage Guide to GDPR is being launched to help independents comply with new data regulations.
Less than half of motorists would actively seek-out face-to-face guidance from a car dealer when making their next automotive purchase, according to a new survey.
Cap HPI has promoted “key player” James Pass to the role of head of finance sales.
The NDFA is concerned that dealers may not be ready to comply with new General Data Protection Regulation (GDPR), when it comes into force on May 25 2018.
Toyota and Lexus retailers have simplified the process of financing a car purchase with the introduction of a web-based platform offering a range of products and an online signature facility.
Auto Trader is preparing to promote its new monthly price search tool with a multimillion pound advertising campaign which gets underway on Christmas Day.
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.
Marshall Motor Holding has completed the disposal of its wholly-owned leasing division to Northridge Finance for a gross cash consideration of £42.5 million.
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.
