close brothers motor finance

New car buyers willing to pay more to avoid lengthy lead times

Nearly half (47%) of motorists planning to buy a new car in the next year would be prepared to pay more to avoid lengthy lead times, according to research.

Market insight 31 Aug

Bentley Continental GT production line in Crewe

New Prime Minister must support UK car manufacturing sector, says SMMT

The new Prime Minister will put jobs and economic growth at risk unless fast, focussed action is taken to mitigate against soaring costs in the manufacturing sector, the Society of Motor Manufacturers and Traders (SMMT) has said.

Market insight 25 Aug

Supply chain issues inflicting ‘reputational damage’ on car dealers

Supply chain issues causing delays for new car deliveries are causing greater reputational damage to franchised car retailers than their manufacturer partners, a car buyer survey has revealed.

Market insight 22 Aug

Four-in-10 new car buyers put off by supply chain delays

Car buyers are deciding to withdraw from the market rather than wait for new vehicles to become available, according to new research by Close Brothers.

Market insight 22 Jul

Cost of driving tops list of customer concerns, says dealers

The cost of cars is the top-priority for car-buyers as the cost-of-living crisis bites, according to Close Brothers Motor Finance’s Dealer Satisfaction Survey.

Market insight 13 Jul

June 2022 registrations - UK's lowest since 1996

New car registrations slump to worst June since 1996

UK’s new car registrations slumped to their worst June since 1996 after ongoing component supply issues contributed to a 24.3% decline - but the cost of living crisis is yet to bite.

Market insight 5 Jul

Close Brothers drives £35k fund-raiser for Make-A-Wish children's charity

Close Brothers Motor Finance have raised £35,000 for the Make-A-Wish Foundation and Cancer Research UK through a series of fundraising events.

Supplier news 10 Jun

SMMT new car registrations , May volumes data

May delivered its lowest new car registrations in three decades, SMMT reveals

New car registrations slumped 20.6% to deliver the lowest May volume in three decades as supply issues continued to hamper the automotive retail sector, Society of Motor Manufacturers and Traders (SMMT) data shows.

Market insight 6 Jun

Oodle receives ‘game-changer’ accolade at Car Finance Awards

Automotive finance company Oodle has been recognised as an industry ‘game-changer’ at this year’s Car Finance Awards.

25 May

Close Brothers appoints Alex Griffin as director of product

Close Brothers Motor Finance has appointed Alex Griffin as director of product.

appointments 21 Apr

Close Brothers Motor Finance appoints Lisa Watson as sales director

Newly-appointed Close Brothers Motor Finance sales director Lisa Watson has said she is excited to make a start after seeing the speed of “rapid transformational changes” at the business.

people news 21 Mar

Close Brothers Motor Finance chief executive, Rebecca McNeil

Close Brothers Retail CEO Rebecca McNeil to be new FLA chairperson

The Finance and Leasing Association (FLA) has announced the appointment of Rebecca McNeil as the new chair of the association, with effect from November 30.

people news 9 Nov

Close Brothers offers car retail insight tools through Auto Trader partnership

Close Brothers Motor Finance has teamed-up with Auto Trader to launch a “motor finance industry-first data tool” offering consumer demand insight to car retailers.

Supplier news 22 Oct

Close Brothers Motor Finance’s director of sales Sean Kemple

A third of car dealers still worry about migration to online sales

Almost half (46%) of car dealers say they worry about the rise in online car purchases, according to research from Close Brothers Motor Finance.

Digital Marketing 20 Jul

Consumers would rather buy a new home online than a car, finds new study

A new car tops the list of things that people would research online but need to see in real life before buying – even over a new home.

online car sales 19 May

Economic uncertainty from COVID and Brexit delays car buying plans

More than a third (38%) of drivers have delayed their car buying plans as a result of economic uncertainty caused by COVID-19 and Brexit, a report by Close Brothers Motor Finance has found.

Market insight 16 Apr

Majority of buyers happy for dealers to earn commission, finds Close Brothers

A third (34%) of British car buyers expect dealers to earn commission on vehicles bought on finance, and a further 28% don’t mind so long as they’re informed, according to new research from Close Brothers Motor Finance.

12 Jan

Close Brothers Motor Finance raises £34,000 for cancer charity

Close Brothers Motor Finance employees have raised £34,000 for Make-A-Wish and Cancer Research UK through a series of fundraising events this year.

charity 24 Dec

Many dealers still unaware of FCA rules on commission models

Almost a third of motor retailers are unaware of the looming January 28 ban on on all discretionary commission (DiC) models in motor finance.

16 Dec

Coronavirus pushed dealers to introduce car delivery services

Two thirds of car dealers have introduced a delivery service or increased publicity of an existing service in a bid to maintain sales during the coronavirus pandemic.

6 Nov

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