A firm has been fined £159,300 by the Financial Conduct Authority for failures relating to its sale of commercial vehicle add-on insurance products.
The automotive retail sector is sufficiently dynamic and innovative to adapt to a predicted weakening in market conditions that have led to PCP growth in the market.
The latest, most comprehensive list of new car finance offers from more than a dozen manufacturers are now available to view on the AM website.
Analysis from users of the iVendi Car Finance Checker shows that more than four out of five are financeable by each dealer’s panel of lenders.
Car dealers are urged to hone how they promote finance online now Lloyds Banking Group has become the first UK bank to launch secured digital car finance.
The Government has announced a reduction in the beneficial interest loan rate from 3.25% to 3% from April 6.
The volume of point-of-sale motor finance sales grew by 5% in February to more than 133,000.
Benfield Motor Group is offering 0% APR interest (for up to five years) on all of its used cars from 8am tomorrow until 8pm on April 14.
Ageas and Volkswagen Financial Services have signed a contract to provide a branded motor insurance from Volkswagen, Audi, Skoda, Seat and VW CV dealerships.
Consumers choosing a new car on a PCP will expect some equity to remain towards their next car when the motor finance term ends.
Financial Conduct Authority (FCA) regulations will have a negative impact on residual values.
The practice of requiring consumers to opt-out of purchasing add-on products is to be outlawed by the Financial Conduct Authority.
What is critical is the point at which the manufacturers recognise that they may need to revisit their targets if the current imbalanced situation continues.
Car dealers would welcome a reduction in VAT on new and used car sales in this week’s budget announcement, according to Close Brothers Motor Finance.
NextGear Capital has loaned more than £100 million in its first nine months' of business lending to the UK dealer market.
The average UK motor dealer made a loss of £59 for the month of January, a deterioration of over £9,000 on the profit made for the same month in 2014.
Figures released today by the Finance & Leasing Association (FLA) show that consumer new car finance volumes fell by 3% in January compared with the same month in 2014, but remained 11% up in the 12 months to January.
Finance provider Black Horse has reported year-on-year net lending growth of 45% to £6.8 billion in 2014 delivering its strongest year yet.
Car dealer Stoneacre Motor Group has revealed it has written £1.6 million worth of finance through its lending arm.
Motor finance provider Alphera Financial Services has unveiled a new seven-day underwriting solution to further support its retailer and broker partners.
Fiat has enhanced the finance offers on the 500 until March 31, 2015.
Consumer new car finance volumes grew 13% in 2014 year-on-year and by 10% in December to reach a record annual level of 897,593 units.
HM Revenue and Customers (HMRC) is understood to be about to target motor repairers across the UK to identify incorrect VAT returns and target suspected suppression of sales.
Startline Motor Finance has appointed Kevin Haddock as southern regional sales manager.
JBR Capital, the UK’s only independent finance provider dedicated solely to high end vehicle finance, has been acquired by an affiliate of Cabot Square Capital, the specialist financial services private equity investor.
