Two experienced executives are key players in new enterprises that will challenge established providers of car dealer finance in 2015. Blue Motor Finance is targeting the prime car loan market and George Banco is going after sub-prime customers.
A survey has revealed that 43% of dealers think that new Financial Conduct Authority (FCA) rules will have no impact on finance sold in showrooms, with a further 19% expecting the impact of the changes to be positive.
Alphera Financial Services has revealed the details of the new pricing structure for its dealer and broker partners across the UK. The new approach will be rolled-out across its partner network from January 1.
BMW Group Financial Services believes it has taken a market leading position in introducing a capped dealer finance rate. But in this in-depth interview it says this is the first step in ensuring the customer comes first – and it is now trialling a further reduced rate.
The Financial Conduct Authority has reported that nearly 30% of interim permission holders that had the landing slot of October 1 to December 31, have not yet responded or submitted an application. This period was the first wave to include motor dealers.
UK service plan provider EMaC has been acquired by the Innovation Group, a global provider of business process services and software solutions to the insurance, fleet, automotive and property industries.