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).
JCT600 Vehicle Leasing Solutions (VLS) has appointed Manjinder (Manny) Singh to the new role of commercial director.
The High Court has ruled in favour of the Financial Ombudsman Service (FOS) in a dispute concerning a discretionary commission arrangement (DCA) within a motor finance agreement.
Select Car Leasing has revitalised its electric vehicle (EV) leasing division with the appointment of Shane Pither as head of Select Electric.
The motor insurance industry is projected to return to profitability in 2024 after two years of record losses, according to EY’s latest UK Motor Insurance Results.
The Supreme Court has granted permission for two car lenders to appeal a landmark ruling on motor finance commission payments that has raised concerns over a potential £30 billion compensation bill.
The financial crisis brewing in the UK’s motor finance sector could rival the infamous £50 billion Payment Protection Insurance (PPI) consumer scandal, the Financial Conduct Authority's (FCA) top legal chief has conceded.
UK consumer car finance new business volumes fell in October 2024 by 2% compared with the same month in 2023, according to the FLA.
Plunging residual values in the electric vehicle (EV) market are creating substantial financial challenges for leasing companies, manufacturers, and customers alike, according to Auto Data Solutions (ADS) which is warning of a prolonged impact on the sector.
More than a third of motorists would be encouraged to replace their current petrol or diesel vehicle with an electric vehicle if the Insurance Premium Tax was ditched, according to new research.
Former Lookers executive Paul Bentley has been recruited by the National Franchised Dealer Association.
Liberal Democrat MP for Wokingham Clive Jones heard firsthand about the significant discrepancies in the cost of home versus public charging and the need for additional government support to entice motorists to go green when he visited Select’s HQ in Reading.
The motor retail industry is being urged to have its say on a proposal from the Financial Conduct Authority to let dealerships and finance providers delay their responses to consumer complaints about motor finance commission.
The probe into historic motor finance practices by some car loan providers could cost the industry £30 billion, according to ratings agency Moody's.
Warranty Solutions Group (WSG) has partnered with Strategic Risk Solutions (SRS) to introduce a comprehensive lineup of regulated protection products through its new captive WSG Guardian Insurance.
Legal and compliance specialist Auxillias has launched the Motor Finance Hub, a comprehensive online resource designed to support motor finance professionals grappling with evolving regulatory requirements.
The move by the Treasury to sound out how best to deal with mass compensation claims has been welcomed as a positive step although immediate certainty is critical for car loan providers, according to motor retail tech business iVendi.
Select Car Leasing has unveiled a major revamp of its vans division, signalling a strategic step forward in the UK van leasing market.
Richard Hoggart, founder and CEO of DSG Finance Group has been appointed to the board of the Finance & Leasing Association.
Omoda, Jaecoo partner with Thatcham to boost insurability, ease of repair
The UK financial watchdog plans to consult on extending the time motor finance firms have to respond to consumer complaints involving non-discretionary commissions
Close Brothers resumes new lending after landmark court of appeal ruling
Lenders are ramping up their technology solutions to provide timely, transparent commission disclosures to customers following the recent Court of Appeal ruling on motor finance, iVendi reports.
