The automotive retail sector should brace itself for a Financial Conduct Authority investigation with at least one dealership group likely to come under scrutiny.
An FCA proposal to set a PPI claim deadline of June 2019 could bring an end to uncertainty brought by the “significant administration and costs”, says the NFDA.
The NFDA has backed calls for a delay to the imposition of the government’s proposed apprenticeship levy, citing “economic uncertainty” following the UK’s Brexit decision.
GAP and motor-related insurance providers have been identified by the FCA as among principal firms failing to properly supervise appointed representatives.
The Financial Conduct Authority has fired a warning shot for general insurance firms acting as principals for appointed reps, after it found shortcomings.
MPs claim the Government should investigate and consider prosecuting over Volkswagen's emissions deception, but it has been far too slow to act.
I am increasingly horrified by the advice that has and is still being given to some firms in relation to the FCA authorisation and ongoing regulatory requirements.
The assumption that the Brexit leave vote will mean dealers and manufacturers can forget about the need to adopt the complexities of the General Data Protection Regulation, or EU data law, may be wrong.
A car dealer has been fined £2,000 after selling an unroadworthy Hyundai which he had described in an advertisement as “fabulous”.
The motor industry has called for the UK Government to take action to safeguard UK automotive interests and maintain economic stability.
A used car dealer whose payments for privately-bought stock cars repeatedly came up short has been ordered to pay £15,000 in compensation and issued with a six-month suspended jail sentence.
The Financial Conduct Authority has announced that a full representative example is no longer needed in an ad where there are no credit charges and the APR is 0%.
With the bulk of FCA consumer credit authorisation now complete, the regulator's focus is likely to shift towards enforcement.
MPs have branded the failure to push for legal proceedings against Volkswagen Group resulting from the emission scandal as “frighteningly complacent”.
Non-regulated dealers can now benefit from free IAR status, 30-day free insurance for customers and access to additional revenue through GAP and SMART insurance sales.
The National Association of Motor Auctions (NAMA) is urging fleets to provide more information about vehicles they de-fleet through its members’ sites.
MotoNovo Finance’s unique MotorV8 measurement and reward programme, which evidences dealerships’ FCA compliance, is now benefiting over 3,000 dealers.
Motor Codes’ codes of practice for service and repair, vehicle warranty products and new cars have all met the stringent requirements of the Chartered Trading Standards Institute Consumer Codes Approval Scheme.
Stricter data protection rules have been adopted by the European Parliament to protect the privacy of drivers.
Government testing of NOx emissions has revealed that Volkswagen were the only manufacturer using a defeat device – but emissions are up to 13-times over allowed levels in ‘real world’ tests.
The Retail Motor Industry Federation and Scottish Motor Trade Association will survey their members and the motor industry to assess the impact of the Government’s latest changes to road tax on the annual MOT test.
The Retail Motor Industry Federation and Scottish Motor Trade Association have met with ministers to present a case against extending the MOT test for new cars.
Tracey McDermott is to quit the Financial Conduct Authority. McDermott has been acting CEO but withdrew from the process to appoint a permanent CEO.
Knowing what to do if the worst happens can help your business to keep trading after fires, floods or other disasters.
Car dealers can use the latest technology and training to protect themselves and their assets, whether inside the dealership or exposed on the forecourt
