Vehicle inventory funding bank Distribution Finance Capital has increased its annual profits from £4.6 million to £19.1m.
A landmark Supreme Court case could determine the fate of a potential £44bn compensation bill linked to undisclosed dealer commissions.
LKQ Euro Car Parts is calling on technicians to ensure that they’ve completed their 2024/25 MOT CPD training before the end of March, ahead of changes to the testing process designed to prevent fraud.
A third (34%) of drivers are unaware they may be entitled to compensation due to historic discretionary commission arrangements (DCAs), according to a new survey by direct-to-consumer online lender Carmoola.
The revelation that UK technology secretary Peter Kyle has been using ChatGPT for policy advice has sparked debate about the transparency of AI-generated interactions.
New research reveals that 65% of car finance customers who took out loans before the ban on discretionary commission arrangements (DCAs) trusted their dealer to offer them the best deal
Eddie Flanagan, partner at law firm Shakespeare Martineau, notes that it while a spotlight remains on the UK's motor finance market due to important legal actions it is critical for lenders to be continuously refining their data and practices.
It’s a year since the FCA’s investigation into GAP insurance, casting light on the character of the motor finance industry. But GAP is back on the table and motor retailers can make strides to re-build revenue, writes Duncan McClure Fisher, CEO at Intelligent Motoring.
Since the creation of the first car in 1886, the automotive industry has had a long-standing history of adopting and embracing cutting-edge technologies, writes Chris Linnell, associate director of data privacy at Bridewell.
The Finance and Leasing Association admits it is bracing for all possible outcomes - both good and bad – in the imminent Supreme Court’s ruling on commission disclosure which will ultimately determine a lender’s fiduciary duty and whether it will be enshrined as a permanent legal standard.
A dealership’s point of sale experience has a vital part to play in having success with warranty and insurance add-on sales. Which is why Automotive Management is delighted to publish this special report, The Business of Warranty and Add-on Insurance, sponsored by Car Care Plan.
Car insurance premium hikes have become the leading concern for motorists, overtaking rising fuel prices, according to new research from Close Brothers Motor Finance.
In the latest in Automotive Management's '5 Minutes With...' series, deputy editor Aimée Turner caught-up with Bumper’s head of sales Dan Christie.
Warranty Solutions Group (WSG) has announced an exclusive partnership with EV salary sacrifice provider Loveelectric to offer comprehensive cosmetic and alloy protection as part of its optional zero risk guarantee cover.
Lloyds Banking Group, which owns Black Horse Motor Finance and Lex Autolease, has put another £700 million into its pot for potential compensation while it awaits the outcome of the car loan commission saga at the Supreme Court.
A new survey has revealed that half of car buyers are reconsidering using dealer-provided finance due to concerns over undisclosed commission payments.
The Supreme Court has rejected Chancellor Rachel Reeves’ attempt to intervene in a landmark case concerning hidden commissions in car finance, dealing a blow to lenders facing a compensation bill potentially running into billions.
New research suggests that the cost of running an electric vehicle (EV) has dropped to £1,154 per year, making it 50.2% cheaper than the £2,316 required to run a petrol car
The FCA ramped up its crackdown on misleading financial promotions in 2024, forcing nearly 20,000 ads to be withdrawn or amended - almost double the 2023 figure.
Customer-facing businesses are on the frontline of both economic and regulatory change but are automotive retail dealerships tackling the challenges and finding new opportunities, asks Freeths legal expert Richard Coates.
Chancellor Rachel Reeves has taken action to protect car loan providers from potential multibillion-pound payouts in a pivotal mis-selling case to be heard at the Supreme Court
Research from Startline Motor Finance reveals that rising staff costs are the greatest concern for UK car dealers in 2025, with 40% of dealers identifying this as the factor most likely to negatively affect their business.
Stricter European standards are expected to reshape demand for plug-in hybrid vehicles (PHEV), forcing fleet buyers and company car users to reassess their cost-effectiveness.
The second part of our review of the most-read articles of 2024
The Financial Conduct Authority (FCA) has announced an extension for firms to respond to complaints about motor finance agreements that do not involve discretionary commission arrangements (DCAs).
