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BCA launches EV battery health grading to boost buyer confidence
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.
Close Brothers shares hit as car loans commissions ruling spooks investors
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.
Financial Ombudsman reports 40% surge in complaints in 2024
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.
Mfldirect to support automotive charity Ben with every vehicle sale
Wholesale vehicle supplier Mfldirect has announced a new partnership to donate a portion of every used vehicle sale to industry charity Ben, which could mean raising £108,000 over the course of the six-month initiative.
Santander buys CLM Fleet Management to expands leasing presence
Santander Consumer Finance (SCF) has acquired full-service fleet management specialist CLM Fleet Management, aligning with Grupo Santander's European initiative to strengthen its position as a contract hire service provider for fleets operating company cars.