Compliance & risk management - Page 4
News
Dealers call for greater government support amid market uncertainty
The latest outlook survey from the National Franchised Dealers Association (NFDA) reveals widespread pessimism among dealers, reflecting their fears about navigating financial pressures and regulatory changes.
Kia UK chief welcomes ZEV mandate consultation, calls for clarity on hybrid rules
Kia’s UK chief has welcomed the review of ZEV mandate regulations that will guide the industry until 2035 but cautions that the UK government has no intention of walking away from its proposed trajectory.
DfT's ZEV Mandate consultation launches to consider flexed targets and hybrids
The DfT has today launched a consultation asking for industry views on the Government's restoration of the 2030 petrol and diesel new car ban. Elements include gathering views on which full hybrid and plug-in hybrids could be sold still alongside zero emission vehicles, and what approach should be taken for vans and low volume OEMs.
Car loans complaints extension announced by the Financial Conduct Authority
The Financial Conduct Authority (FCA) has announced an extension for firms to respond to complaints about motor finance agreements that do not involve discretionary commission arrangements (DCAs).
DVLA findings highlight mixed views on classic car EV conversions
Current guidelines for converting classic cars to electric are overly restrictive making it difficult for owners to retain a vehicle’s original identity and registration, according to responses to the long-awaited DVLA call for evidence focusing on the future of the classic car industry.
Supreme Court grants appeal in car finance commission case, expedited hearing set
The Supreme Court has granted permission for two car lenders to appeal a landmark ruling on motor finance commission payments that has raised concerns over a potential £30 billion compensation bill.
Car loan crisis could rival £50bn PPI scandal, FCA chief warns
The financial crisis brewing in the UK’s motor finance sector could rival the infamous £50 billion Payment Protection Insurance (PPI) consumer scandal, the Financial Conduct Authority's (FCA) top legal chief has conceded.
NI hikes will only deepen challenges for rental and leasing sector, warns BVRLA
The vehicle rental and leasing industry faces a turbulent 2025, with escalating employer National Insurance contributions (NIC) at the forefront of mounting concerns, according to the BVRLA’s Industry Outlook Report.