Car finance sales opportunities remain for motor retailers despite tougher economic conditions, new business models and the upcoming FCA Consumer Duty requirements
The UK Government believes smart charging could save high-mileage electric vehicle (EV) drivers up to £1,000 per year as part of a new Electric Vehicle Smart Charging Action Plan.
A Net Zero Review delivered on behalf of the Department for Business, Energy & Industrial Strategy (BEIS) has recommended the swift delivery of an electric vehicle (EV) mandate and VAT cuts to make public charging more affordable.
Carmakers' scepticism about the mass adoption of electric vehicles (EV) will grow this year, clashing with lofty political ideals of zero-emission motoring, says carwow consumer editor Hugo Griffiths.
After more than six years at iVendi Phil Harding has left to join Automotive Compliance as its national sales director, in a newly created role.
Car retailers are braced for a potential halving of Government support on their energy bills from the end of March.
Unprepared car retailers could be “heading for a fall” if they do not act fast to prepare for 2023’s ramp-up in compliance challenges, it has been claimed.
The Finance and Leasing Association (FLA) has called for reform of the Consumer Credit Act to be “comprehensive” as consultation on the plans opened today (December 9).
Insurance firms have been warned not to undervalue cars when settling insurance claims and are being “watched closely” by the Financial Conduct Authority (FCA).
Single point dealer processes that track motor finance activity could prove essential to meeting the Financial Conduct Authority's (FCA) Consumer Duty principle, says iVendi.
The Financial Conduct Authority (FCA) has said that the finance sector needs “a higher quality of credit information” to ensure that consumers get accurate lending advice.
More than half of car buyers are reconsidering the purchase of a zero-emissions electric vehicle (EV) after the Chancellor of the Exchequer announced plans to make them eligible for VED road tax.
A record increase in fuel duty could be set to temper fleet operators’ initially positive response to news that benefit-in-kind (BIK) tax for electric vehicles (EVs) will continue to be kept low to increase uptake.
Chancellor of the Exchequer Jeremy Hunt revealed that electric vehicles (EV) will not be exempt from road tax from 2025 in an Autumn statement which claimed to prioritise “stability, growth and the protection of public services”.
A used car dealer who attacked a doorman with a machete during a night out has been banned from providing financial services by the FCA.
The car retail sector’s vehicle supply issues look set to be compounded by a cost-of-motoring crisis and growing moves to discourage car usage across the UK.
A nest containing live rats and weeds growing from a vehicle’s bodywork were among the discoveries of a Trading Standards investigation into used car retailers.
Pawnbrokers are the only lending provider deemed worse than motor finance at assessing customer vulnerability as UK households feel the impact of its cost-of-living crisis, an FCA report suggests.
The UK Government has been urged to adapt the successful incentives for zero emission company cars so that more private buyers can be encouraged into EVs too.
As the October 31 deadline for implementation plans for FCA Consumer Duty looms, compliance experts share their advice for UK motor retailers.
Mark Steward will be stepping down as the FCA's executive director of enforcement and market oversight after seven years with the regulator.
Automotive retail business have been reminded that they have until the end of October to ‘make a plan and do what it says’ to comply with the Financial Conduct Authority’s (FCA) new Consumer Duty regulations.
The Competition and Markets Authority (CMA) has written to the Secretary of State recommending the introduction of new, UK-specific block exemption regulations for the automotive aftermarket.
Institute of the Motor Industry (IMI) policy manager Hayley Pells has called for Government to add the automotive sector on the UK’s Shortage Occupation List in an open letter to Secretary of State for Transport.
The Financial Conduct Authority has written to insurance sector CEOs as part of a bid to protect consumers from “unnecessary products or add-ons and unfair penalties” during the cost-of-living crisis.
