The public accounts committee has criticised the Department for Education’s (DfE) “poor execution” of the Apprenticeship Levy after the number of new starters slumped by 26% in 2017/18.
The National Franchised Dealers Association (NFDA) has launched the Electric Vehicle Approved (EVA) scheme to certify retailers’ excellence in the electric vehicle sector.
Supercar retailer Motorhub has been fined £53,567 by National Trading Standards following a series of second-hand vehicle sales that misled consumers in “reckless” fashion.
The Government is being advised to bring forward its ban on the sale of new petrol and diesel cars from 2040 to 2030, in a new report from the Committee on Climate Change.
Rules proposed under the Government’s Good Work plan could have a big impact on car dealers that use agency workers
The Financial Conduct Authority’s findings on commissions, information disclosure and affordability have big implications for the motor retail industry
FCA clarity on commission fees is good news, say most industry observers
There needs to be a sweeping change in the role of technology both at the point of sale and online, placing consumers in control of their finance experience and just as importantly to provide lenders with a rigorous record of the customer’s finance buying experience.
The FCA’s inquiry raised serious concerns about car dealers and brokers manipulating finance rates to increase commissions
PPI continued to account for the vast majority of complaints received by the Financial Conduct Authority (FCA) as the overall number of consumers demanding redress declined by 5% in the second half of 2018.
The FCA’s concern was around intermediaries, brokers and dealers not divulging key product features and other regulatory disclosures.
A car dealer who moved his home and business after receiving complaints from the buyer of a “dangerous and unroadworthy” BMW X5 has been jailed for 12 months.
Fiat Chrysler Automobiles has entered into an emissions pooling agreement with Tesla in order to avoid fines for violating new European Union emissions rules.
The introduction of GDPR over the last 12 months appears to be behind a slight increase in online motor finance conversion rates, says iVendi.
The number of people taking up Apprenticeships in January were 21% down on the same month in 2017, despite showing a 15% year-on-year increase at the start of 2019.
The Independent Motor Dealers Association (IMDA) has launched a new partnership with Acceler8, to help dealers boost sales conversion rates.
The Financial Conduct Authorities (FCA) Motor Finance Review has finally arrived. The eagerly awaited and long overdue investigation into auto finance has revealed what many in the industry had predicted.
The FCA’s executive director of supervision for retail and authorisations has warned its focus on affordability, business models and culture will not shift.
The British Vehicle Rental and Leasing Association (BVRLA) has published its new Mobility Credits Scrappage Scheme policy paper which urges Government to incentivise a move away from vehicle ownership.
The Chancellor of the Exchequer, Phillip Hammond, failed to deliver any clarity for the fleet and leasing industry over future tax rates during his annual Spring Statement.
The long-awaited FCA update on the motor finance industry has sharpened the sector's focus on Difference in Charge (DiC) arrangements that can lead to higher interest rates for consumers.
Finance companies may be required to fully disclose the commissioned paid to dealers and brokers, following the FCA’s review of motor finance.
Motor industry groups have given a mixed response to yesterday’s report from the Financial Conduct Authority, which highlighted certain dealer reward structures in motor finance and a need for clarity about commission payments.
The Financial Conduct Authority has analysed loan data from 20 motor finance providers, plus its own mystery shop exercise and a survey of lenders that examined how they assess affordability and exercise control over credit brokers including car dealers.
The Financial Conduct Authority is considering banning certain commission models in the motor finance sector due to its concerns about harm to consumers.
