The consumer car finance market grew 1% by volume during December according to the latest figures published by the Finance and Leasing Association (FLA).
Dealerweb has found that dealers across the UK saw revenues grow from new and used sectors in January while finance penetration increased.
iVendi has signed its “first major international deal” with Société Générale subsidiary, Bank Deutsches Kraftfahrzeuggewerbe GmbH (BDK), in Germany.
Contracthireandleasing.com has re-launched as Leasing.com, with a refreshed desire to move motorists out of ownership and into usership.
Finance profit will be key to car retailers’ efforts to realise greater profit from used cars in 2019 as FCA scrutiny and greater influence from the market’s ‘disruptors’ continue to apply pressure.
The Financial Conduct Authority (FCA) has opened consultation on new rules which would require firms to publish General Insurance (GI) value measures data in a bid to improve transparency for consumers.
The IMI has added F&I accredited salespeople to its professional register as part of an Alphera-supported scheme to improve transparency and satisfaction.
Inchcape Retail has announced that ten of its business managers have successfully received The IMI Accreditation for Finance and Insurance standards.
Santander Consumer Finance will offer a wholesale finance facility at Aston Barclay sites.
Volkswagen Financial Services (VWFS) has promoted former head of marketing Dan James to the role of marketing director.
MotoNovo Finance's online used car aggregator Findandfundmycar.com has reached 2,600 dealer sign ups since it s launch in 2018.
Dealers are facing multiple pressure points in Q1, with Brexit and WLTP concerns filtering over into the busiest quarter of the year.
Alphera has launched a new car finance incentive scheme which has been designed with the specific purpose of promoting FCA compliance among car retailers.
My key reflection is that the market has progressively adopted higher standards over the past three years.
Finance and Leasing Association (FLA) data for November has shown a 1% decline in point of sale (POS) consumer car finance by volume, compared with the same month in 2017.
Alphera Financial Services has launched a new online portal to allow its car finance customers to manage their accounts.
Used car retailers experienced a 12.2% year-on-year rise in sales and 10% rise in finance penetration during December, according to Dealerweb.
F&I technology specialist DealTrak has made a number of appointments and restructured its senior teams, as the business predicts significant growth in the next 12 months.
Kia Motors UK has announced a range of offers available to customers buying a new car in 2019, including SUV and hybrid savings.
Arbury Motor Group has re-launched its Fleet division under new leadership, strengthening the brand’s proposition for commercial customers.
To be successful in 2019, I believe we need to focus on affordability, commission structures, informed decisions and digital technology
Former HR Owen chief executive Joe Doyle has joined Zenith as managing director of its first direct-to-consumer car leasing offer, ZenAuto.
The impact of the new WLTP vehicle emissions test regime on new vehicle supply has been laid bare by new car finance data published by the Finance and Leasing Association (FLA).
Close Brothers Motor Finance chief executive Rebecca McNeil credited the “hard work, ingenuity, and passion” of her team as she emerged as a winner of the CEO Today United Kingdom Award 2018.
Tootle has expanded into online used car retail by establishing a platform which allows car dealers to retail as well as replenish their second-hand car stocks.
