CarMoney has appointed Rachel Elliot as its new Midlands regional sales manager as it targets expansion in the area.
Motor finance companies and car dealers have borne the brunt of the COVID-19 pandemic, but how well have they overcome the challenge of motorists' 1.8 million requests for finance forbearance.
Cox Automotive International president Martin Forbes said the business has signalled its intent to “significantly extend our mobility capabilities in Europe” with the acquisition of FleetMaster.
Allianz has become a strategic core investor in heycar in a move that will bring new investment and allow the online business to become “holistic and customer-centric mobility provider”.
Lenders and finance platform providers report increased online vehicle financing activity, albeit mixed with dealership interaction, although the trend is far more pronounced in used than new.
Six months on from the introduction of new Financial Conduct Authority (FCA) regulations, automotive retailers should be starting to see an impact on average commission levels as they adapt to a new way of working.
Bumper chief commercial officer Jack Allman speaks to AM editor Tim Rose about the aftersales finance provider's plans for 2021.
Consumer car finance growth of 327% by volume and 385% by value in May brought more evidence to back-up the Finance and Leasing Association’s (FLA) prediction of a “strong rebound” for the sector.
Startline Motor Finance has a launched the Startline Acadamy, a new remote learning platform to deliver training and wellbeing support to its staff.
The RAC has launched a new consumer leasing service to help drivers switch to electric vehicles (EV).
Evolution Funding Group has completed the acquisition of automotive software and digital services provider Click Dealer.
Payment Assist has been acquired by Australian-based fintech Openpay, in a move that is expected to boost the availability of buy now pay later (BNPL) finance in the UK automotive sector.
A 21% rise in finance applications was not what Alphera Financial Services head Preston Rogers anticipated when he was tackling the fall-out of COVID-19 in 2020 – but that is what the business delivered.
Evolution Funding hopes to accelerate its plans to lead digital change in automotive finance after appointing Daniel Reeve as chief technology officer.
Škoda’s new Enyaq electric vehicle (EV) is being made available with a new Lease&Care finance option which includes servicing roadside assistance and tyres.
The July Issue of AM magazine is here, with insights into Inchcape UK's downsizing, the "unprecedented" used car market, the impact of FCA revisions on dealers' point of sale finance, and more.
Cars2 has secured freehold ownership of its Bradford Hyundai dealership and funded a new Pure Cars premium used car showroom in Wakefield after refinancing its debt with Barclays.
Demand for electrified vehicles has overtaken that of diesel-powered models for the first time in the leasing sector, according to Leasing.com.
The benefits of an agency-style model, where the new car journey is managed online and manufacturers pay a handling fee to retailers, largely outweighs the disadvantages, according to senior executives at dealer groups already experiencing mixed commissions at work in their businesses.
Car dealership customers will be able to look at financing options without affecting their credit score due to a new partnership between Experian and Codeweavers.
A new leasing brokerage, Vavoom, has launched with a focus on helping consumers make the transition into electric cars.
The Finance and Leasing Association (FLA) has said that the consumer car finance market is expected to grow by 19% in 2021 and 22% in 22% following resurgent April trading.
Insurers are in the Financial Conduct Authority's sights as it brings in new steps to stop consumers being penalised for loyalty to their motor insurers.
Honcho has partnered with SilverBullet to provide insurance services as part of the online car buying journey.
The UK’s biggest leasing comparison site, Leasing.com, has partnered with Bauer Media to become the exclusive provider of leasing deals with its motoring enthusiasts' brand CAR.
