Large majority of car-buyers have confidence in dealer’s point-of-sale finance products, but online change is coming, finds study
New draft guidance from the Financial Conduct Authority should help dealers in their sales of finance and insurance to vulnerable consumers.
More than 2,800 consumers have complained to The Motor Ombudsman (TMO) in the last 2.5 years about warranty products they've been sold.
Barclays Partner Finance plans to exit the motor finance market and has issued termination notices to dealer partners.
The value of fines imposed by the Financial Conduct Authority in 2018/19 increased threefold in 2018/19 compared to the prior year.
Blue Motor Finance has been recognised by the London Stock Exchange Group as one of Britain’s most inspiring companies.
The continuing shift away from new to used car sales is prompting more franchise dealers to rethink their motor finance lending panels, says Startline.
New car marketplace Leasing.com has won the Gamechanger award at the 4th annual Car Finance Awards.
Failing to report early suspicions of fraudulent activity to the finance regulator has left Bank of Scotland with a £45.5 million fine.
The Financial Conduct Authority is freeing consumers from full back-dated interest charges when they partly pay amounts owed under ‘buy now, pay later’ (BNPL) finance deals.
Secure Trust Bank hopes to bring more independent and small franchised dealers on board after launching a new proposition blending wholesale finance, stock sourcing and consumer finance for car purchase and repairs.
Volkswagen Commercial Vehicles (VWCV) has launched a new used van finance calculator to help customers find the deal that suits them best.
Glasgow-based near-prime lender Startline Motor Finance has secured a new £325 million credit facility from multinational investment bank J.P.Morgan.
Vauxhall has adopted Free2Move Lease as its dealer network's new business contract hire funder.
Cazoo has announced that Alex Gersh, formerly chief financial officer of Paddy Power Betfair, has joined as its first CFO.
Changed job descriptions for dealerships’ business managers may be one outcome of the Financial Conduct Authority’s probe into motor finance, says Andrew Smith, FCA expert
The Financial Conduct Authority’s findings on commissions, information disclosure and affordability have big implications for the motor retail industry
Car consumers have been turning to shorter lease lengths with less money upfront amid Brexit and general new car market uncertainty, new data from Leasing.com suggests.
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 Finance and Leasing Association (FLA) has promoted its motor finance apprenticeship standard through its network during National Apprenticeship Week.
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