Mike Dennett, managing director of BMW Financial Services, on how PCPs affect the market, the impact of the FCA and BMW’s digitally disruptive partners.
Online finance broker Zuto has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain.
Peer-to-peer lending company RateSetter has acquired sub-prime vehicle finance provider Vehicle Trading Group out of administration.
Oodle Finance and Carsnip have teamed up to form a new partnership which guarantees car dealers commission payments from sales made via the online retail platform.
New business in the point of sale (POS) consumer new car finance market grew 13% by value and 5% by volume in March, compared with the same month in 2016.
MotoNovo Finance has called on the motor industry to make a stand against what it sees as misleading stories focusing upon dealer finance following coverage of a survey compiled by Confused.com.
Auto Trader is aiming to help dealers attract a bigger finance audience with the introduction of trade adverts featuring an offer-driven finance calculator.
DealTrak has moved its operation to the former home of Google’s Digital Garage at the heart of Leeds Dock.
A significant contributor to the impact of the 2008 crash was the fact that firms had failed to have honest conversations internally about their potential exposure.
New car registrations fell 19.8% to 152,076 units in April, blamed on the Vehicle Excise Duty (VED) changes, but year-to-date performance still at record levels.
The PCP industry is booming. Thousands of drivers every year walk off the showroom forecourt with a brand new motor and a freshly signed PCP agreement to go along with it.
Motor finance provider Raphael Finance has invested in a range of new tools for its underwriting team with a focus on the used car customer experience at point of sale.
An investigation into finance in the automotive sector has slammed used car dealers for a “£1.4 billion a year rip-off” after comparing the deals offered by 100 retailers across the UK.
Paragon Car Finance’s latest Headlight Survey has revealed that finance brokers fear the effects of online finance solutions on their volumes of business in the long term.
FCA action to tackle perceived “conflicts of interest and irresponsible lending” in motor finance must be proportionate and not harm vehicle sales, according to NFDA director Sue Robinson.
The Bank of England has confirmed that it considering more stringent regulations which would usher in strict affordability checks in a bid to avoid a PCP-prompted financial crisis.
An online finance checker delivered by iVendi has been enhanced to cover commercial vehicle dealers for the first time.
PCP deals dominated the plate-change month of March with 47.6% of new car buyers and 25.4% of used car buyers opting for the popular finance option.
Vertu Motors has rewarded the hard work of a Bradford-based accountant with special recognition at its annual Chief Executive’s Awards.
iVendi has moved its Wales head office to a Colwyn Bay premises four times the size of its previous base in Abergele.
Consumer car finance volumes fell by 2% in February according to new figures released by the Finance and Leasing Association (FLA).
March is make-or-break time for dealers and many businesses relied on strong finance offers to drive customers through their doors.
Paragon Car Finance’s latest biannual Headlight Report has revealed strong growth in the vehicle finance market during the second half of 2016 for the UK’s top 30 automotive brokers.
Dealers need to review customers' payment options carefully to avoid shrinking margins caused by recent changes in payment card charges introduced by the EU, according to audit and tax specialists RSM.
The voluntary termination of personal contract purchase (PCP) and hire purchase agreements (HP) are at an all-time high, according to G3 Remarketing.
