Alphera has seen the majority of plug-in vehicle customers opt for personal contract purchase (PCP) as the method for financing their vehicles, rather than the industry’s expectation for personal contract hire (PCH) to be the preferred method.
Alphera Financial Services director Spencer Halil says it will adapt to challenges in the point-of-sale market by sharing knowledge and thought leadership.
With the bulk of FCA consumer credit authorisation now complete, the regulator's focus is likely to shift towards enforcement.
Dealers are being given the opportunity to put their Close Brothers Motor Finance account manager to work thanks to a charity auction for Great Ormond Street Hospital.
The point-of-sale consumer new car finance market grew by 17% by value and 10% by volume in March, according to the Finance and Leasing Association (FLA).
Non-regulated dealers can now benefit from free IAR status, 30-day free insurance for customers and access to additional revenue through GAP and SMART insurance sales.
Motor finance provider Moneyway accepted 45% more of its proposals during 2015 than it did in the previous year, according to the business’ latest statistics.
MotoNovo Finance’s unique MotorV8 measurement and reward programme, which evidences dealerships’ FCA compliance, is now benefiting over 3,000 dealers.
The head of UHY Hacker Young’s National Automotive Group has been recognised in the Accountancy Age 2016 ‘35 under 35’ list.
With research highlighting how motorists are avoiding essential car maintenance, dealers could be concerned about their ability to provide a duty of care.
The used car market is starting to reach the long-predicted tipping point into oversupply - with values coming under pressure as a result, reports Glass's.
Record new car registrations look set to continue as research shows demand for new cars is still growing.
Personal contract hire (PCH) has grown from 5% to 7% of the new car finance market, according to Finance and Leasing Association (FLA) data, obtained by AM.
Car finance specialist, Zuto, is planning to recruit 70 people by the end of the year after posting strong trading results.
Volkswagen Financial Services’ fleet operation has made two key management appointments with the addition of Chris Allgood and Melanie Miles.
Financial services software specialist Codeweavers will expand its headcount by 30% over the next year as it targets growth within a climate of online research.
Car dealers can now offer used car buyers a connectivity and telematics package which promises servicing prompts, intelligent roadside assistance and cheaper insurance premiums.
Point of sale consumer new car finance business grew 27% by value and 22% by volume year-on-year in February. New business on new car financing exceeded the one million mark for the first time.
Franchised dealers in the USA are facing a threat to their finance sales, the chairman of the National Automobile Dealers Association told the NADA conference.
The Payment Systems Regulator (PSR) has issued guidance on new European laws surrounding payment cards which could lead to a fall in dealers’ service charges.
Volkswagen Financial Services (VWFS) has appointed Mark Forton as mobility services director.
Paragon Bank's motor finance arm has hired former Barclays Partner Finance and Close Brothers Motor Finance staff to help grow its dealer and broker base.
MotoNovo Finance is preparing to more than double its staff headcount as it relocates to all-new premises within the Central Cardiff Enterprise Zone.
Finance broker Car Loan Warehouse has revealed a brand gender divide in the results of a survey into its application data.
Close Brothers Motor Finance has appointed Chris Bosworth into its newly-created role of director of strategy.
