In early 2021 the Financial Conduct Authority's ban on discretionary commission in motor finance will kick in. AM examines the impact on motor retailers.
Teams of car dealership employees from across the JCT600 retail network have completed 500-mile challenge in aid of Ben in the run-up to Christmas to smash their fund-raising target for the automotive charity.
The Financial Conduct Authority is keen for motor retailers providing consumer credit to be upfront about earning finance commission
RAC network and the Assurant Foundation have made a £20,000 charitable donation to Ben in the latest show of support for the automotive benevolent charity.
Car retailers impacted by the new ‘Tier 4’ COVID-19 lockdown restrictions imposed in the South East were among those who told BDO that the incoming vaccine will deliver a “sharp recovery” from the pandemic.
The quarterly AM Motor Retail Review webinar on January 7 will discuss 2020's car market outcome, the FCA motor finance rules revision and the Brexit aftermath.
Almost a third of motor retailers are unaware of the looming January 28 ban on on all discretionary commission (DiC) models in motor finance.
The FCA has fined Barclays £26 million for failures in relation to their treatment of consumer credit customers who experienced financial difficulties.
Euro NCAP and Thatcham are calling for the standard fitment of more ADAS to vans, following the launch of a new test for commercial vehicle safety technology.
Hyundai has become the latest manufacturer to reveal vehicle pricing plans ahead of a potential ‘no deal’ Brexit.
The Financial Conduct Authority has appointed Sheldon Mills as its first executive director for consumers and competition, in a newly created post.
Major investment from the private sector in high-voltage infrastructure will be crucial in enabling the Government to meet its 2050 net zero ambitions, according to Vattenfall Network Solutions
The Peter Vardy Group has introduced chalets at its Motherwell branch and its Glasgow CarStore to allow customers to discuss their purchase outdoors during the COVID-19 crisis.
Dealers and their customers have been urged to lobby all their MPs and fight against the UK Government’s desire for an exclusively electric car market from 2035.
The Government’s decision to bring forward the ban on the sale of new internal combustion engine (ICE) cars to 2030 resulted in a spike in engagement of electric vehicles (EVs) on AutoTrader’s marketplace.
Automotive charity, Ben, has received pledges worth around £0.5m following its urgent appeal for support to plug a £1m funding gap.
Arnold Clark has insisted that staff who experience COVID-19 symptoms are instructed to remain at home after allegations that a senior member of car dealership staff exposed colleagues and customers to the virus by continuing to work.
The Independent Garage Association (IGA) has donated £20,000 to automotive charity, Ben, on behalf of its independent garage members.
40% of UK drivers say they are now less likely to visit a showroom while researching the purchase of a car, as a direct result of the COVID-19 pandemic, research by Marketing Delivery, has found.
Lookers has finally been able to publish its 2019 financial results which show a £87.4 million swing into pre-tax losses caused partly by past financial overstatements.
Car retailers have just over a week to prepare for showroom reopening after Prime Minister Boris Johnson announced a December 2 end to ‘Lockdown 2’ – and the return to a three-tier system.
Chorley Group has become the latest AM100 car retail group to respond to the Ben’s plea for help to plug a £1m funding gap – delivering a £10,000 Christmas gift to the automotive charity.
TrustFord has pledged to donate £20,000 from the TrustFord Trust to Ben in response to the charity’s urgent plea for assistance amid £1m funding shortfall.
Business leaders from AM100 franchised car retailers Sytner, Lookers, TrustFord have joined the NFDA in lobbying Northern Ireland MPs on a Brexit tax issue which could result in a 20% price hike for used cars.
Electric vehicle (EV) enquiries soared by 500% after this week’s UK Government announcement that it plans to ban the sale of cars and vans powered wholly by petrol or diesel engines in 2030.
