Evolution Funding has strengthened its sales team with the appointment of four former Barclays Partner Finance (BPF) employees.
Lookers has appointed former Capital One chief operating officer Victoria Mitchell as a non-executive director and Phil Kenny as its new general counsel and company secretary.
MG Motor UK has signed Santander Consumer Finance as its sole motor finance provider for five years from January 1, 2020.
The Finance and Leasing Association (FLA) has suggested that consumer confidence “should improve” in the automotive retail sector as uncertainty about the UK's economic outlook reduces in 2020.
Kew Vehicle Leasing claims to have become the first leasing broker to openly disclose the amount of finance commission it receives on all regulated Personal Contract Hire (PCH) agreements.
Evolution Funding has appointed former Barclays Partner Finance (BPF) national accounts manager Keith Bell as its new sales director as part of a reshuffle of the motor finance provider’s sales team.
Car retailers in the North East of England have the biggest car finance penetration success according to a new compiled survey of over 2,000 UK motorists, conducted by Opinium for InsuretheGap.com.
Fix Auto UK has launched a new interest free finance scheme to help car owners fund vehicle repairs that they don’t want to claim on their insurance for.
AutoProtect Group has appointed former Aviva managing director Matthew Briggs as its new chief executive after extending its portfolio of services with the acquisition of DealTrak.
Intelligent Car Leasing claims to have launched the market’s first broker-provided car subscription service in partnership with the Wagonex car subscription marketplace platform.
Mazda is offering customers buying a car before the end of 2019 the chance to save up to £6,000 when they trade-in an older car through its newly-launched Scrappage Scheme Upgrade Plan.
The consumer car finance market achieved year-on-year growth of just 4% by volume and 7% by value during September – despite last year’s WLTP-impacted decline.
Oodle Car Finance has appointed former Zopa and CapitalOne man Andrew Lawson as its new chief product officer on the back of the firm recently closing its £350m asset-backed securitisation (ABS).
The Financial Conduct Authority (FCA) has opened a consultation in a bid to ban car retailers’ discretionary finance commission model – saving UK car buyers an estimated £165 million a year.
Santander Consumer Finance (SCF) has delivered an end-to-end online loan application solution for car dealers following a nine-month development programme.
Research from Zopa has shown that UK car buyers are confused when picking which car finance option is the best to fund their next purchase.
The Finance and Leasing Association (FLA) has reported that the automotive retails sector’s point of sale finance business declined by 2% during August.
Evolution Funding will look to improve its consumer-facing motor finance proposition following the appointment of Kirsty Watson as head of direct to consumer engagement.
On December 9 this year, the Financial Conduct Authority’s (FCA) Senior Managers and Certification Regime (SMCR) for consumer credit firms – including motor finance sellers – comes into effect.
The Financial Conduct Authority (FCA) has to be sure that any regulatory changes introduced by the in light of its recent review of the motor finance sector “don’t have unintended consequences”.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues