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.
Online platform Auto Trader has posted strong revenue and profit growth within its core business in its latest financial first-half results for the six months ending 30 September.
Rochdale-based lender Marsh Finance is to integrate iVendi’s point-of-sale (POS) system allowing it to share its finance options with dealers across the iVendi network.
Fast-growing fintech business Bumper is acquiring Telford-based AutoBI, a specialist in business intelligence solutions for dealerships and original equipment manufacturers (OEMs).
Auto Trader will showcase Co-Driver, its new suite of AI-driven auto retail tools, as part of its stand at this year's AM Live.
Cap HPI has announced a restructuring that merges its vehicle data and valuation operations, aiming to increase flexibility in meeting customer needs and drive innovation.
Insurance and warranty firm Opteven UK has appointed Neil Mobey and Emmanuel Pallot as its new heads of operations, each with distinct responsibilities to enhance the company’s service standards.
Dealer tech provider Mad Devs has swiftly updated its iStoreDOCS platform to support dealer compliance in response to a recent Court of Appeal ruling on finance commissions.
Vehicle remarketer BCA has launched a EV battery health grading service, making it the first in the uk remarketing sector to provide detailed battery health information to prospective electric vehicle (EV) buyers.
Dealers are at risk of missing out on significant revenue and failing in their duty of care by losing track of customers, according to recent research by data quality experts ADS.
Automotive training provider Our Virtual Academy, is supporting the ‘EV Edge’ campaign launched by Garage Services Online.
Shares in Close Brothers have taken a sharp hit in the wake of a landmark ruling by the Court of Appeal, which determined that motor finance brokers must provide full disclosure on commissions when arranging car loans.
Payment Assist has reported a significant 350% increase in applications for its flexible four-month payment instalment plan.
Fix Auto Hereford has officially opened its doors, marking a milestone achievement for owner Kevin Dunlop, who joined the Fix Auto network just 20 months ago as owner of Fix Auto Tewkesbury.
Online marketplace Carwow has poached Cox Automotive’s dealer development director Daniel Boakes as its new Sell My Car commercial director.
Used car marketplace Motorway is launching a new insurance product designed to protect dealers from mechanical and electrical issues when buying used vehicles online.
Pinewood Technologies has upgraded its earnings guidance as the pureplay automotive software firm prepares for major overseas expansion supported by a brand refresh as Pinewood.AI.
The Financial Ombudsman Service has revealed a significant 40% year-on-year increase in consumer complaints during the first half of 2024, with a total of 133,019 complaints lodged before July, up from 93,114 in the same period of 2023.
Fast growing GSF Car Parts has reported 20% year-on-year revenue growth, significantly outperforming the wider aftermarket car parts sector.
City Auction Group is significantly expanding its vehicle storage capabilities with the opening of three new PurpleRock centres in Edinburgh, Oakham, and Peterborough.
Robin Brundle's Recyclus Group is the UK’s first industrial-scale recycler of lithium-ion batteries, dedicated to developing a stable supply chain for battery metals.
Two garage workers from Middlesbrough have been sentenced at Teesside Crown Court for issuing fraudulent MOT certificates.
Automotive retail software provider Pinewood Technologies has secured a major five-year contract with AM100 heavyweight Marshall Motor Group.
Volkswagen Finance has been slapped with a £5.4 million fine by the Financial Conduct Authority (FCA) for failing to treat customers in financial distress fairly.
The Government is launching a national awareness campaign, 'Fake Always Breaks' about the dangers of buying counterfeit car parts, including wheels, airbags and brakes that can leave cars unsafe.
