Customers are now able to pay for parts in monthly instalments with the launch of Auto Service Finance by Mopar.
The Financial Conduct Authority has said that it will continue investigations into the “risk of harm” posed by motor finance, with its final findings expected to be delivered in September.
MotoNovo Finance has celebrated a 94.5-out-of-100 rating average from almost 290,000 car buyers who have rated its funding product.
The Finance & Leasing Association (FLA) has launched a Motor Finance Specialist apprenticeship.
Lamborghini is preparing to roll out its first approved used programme as parts of plans to prepare its UK car dealers for a doubling of sales volumes following the launch of its forthcoming Urus SUV.
Car dealers’ ‘addiction’ to the lowest possible monthly PCP payments is unsustainable for motor retailers and their brands in the long term.
Car manufacturers going after UK customers in the first quarter of this year with some aggressive offers.
Cox Automotive is set to host a series of webinars and Santander Consumer Finance will take to the road with its GDPR Inform & Explain Roadshows as car dealers are offered more ways to get up-to-speed with the new data regulations.
Auto Trader has insisted that the car “finance bubble” is not about to burst, claiming that the affordability it delivers is key to social mobility and cleaner motoring in the UK.
The Financial Conduct Authority expects to publish an update on its examination of motor finance next month.
NextGear Capital has launched the ‘first mobile wholesale funding platform’ enabling dealers to manage stock on-the-go.
Long serving Close Brothers Motor Finance employees from across the UK have been recognised at an award ceremony at the business' Doncaster headquarters.
Cap HPI has revealed the average price of a new car has risen 38% over the last decade, with a PCP-fuelled push towards SUVs and premium cars the main driver of change.
Santander Consumer Finance (SCF) is driving innovation in its online retail offering with the launch of its i-click online document signature software platform.
Motor retailers need to be more conscientious than ever to avoid the consequences of mis-selling, delegates at Automotive Management Live were told.
A US-based start-up called Fair is rolling out a used car finance app that connects customers with dealers’ approved used car stock online and is looking at launching in the UK next year.
Research from iVendi has shown that used car buyers conduct the most searches between 7pm and 9pm on Sunday.
Research has shown that 47% of drivers with a car on finance do not know how much they have borrowed, according to CarGurus.
A 9% drop in new car sales compared to the previous year confirmed that the "market is getting tougher" but used car opportunity remained strong in January, according to enquiryMAX.
AutoGravity, a new and used car finance offer aggregator which has attracted the backing of Daimler in its native US, is looking at entering the UK market.
The Finance and Leasing Association’s head of motor finance Adrian Dally has said that lenders expect a “stable” 2018 after full-year results from 2017 revealed new business had grown 2% by value and 7% by volume.
Oodle Car Finance has announced the appointment of former HSBC and Santader director Rodger Lovering as chairman.
Car dealers who generated an £17,000 average profit in December 2016 suffered the effects of a £400 loss 12 months later, according to ASE.
Of the 36 car manufacturers whose representative finance offers we examined, 10 were changing them at the end of January ahead of the 18-plate launch in March.
Big Cars used car supermarket founder Adam Stott has blamed major changes to the business’ stock and finance provision for creating the “unsustainable trading conditions” that forced its closure.
