finance and insurance (F&I)
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Supplier News 21 OctEvolution Funding wins at virtual Motor Finance Awards 2020
Evolution Funding picked up two awards at the 6th annual Motor Finance European Conference and Awards 2020, including Intermediary of the Year, for the fourth year.
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Finance 20 OctAlphera reports 75% growth from its digital car finance platforms
Alphera Financial Services said it has seen "significant growth" in the number of customers using its digital and online platforms.
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News 14 OctFinance company demanded £2.3m ‘compensation’ from used car dealer
A finance company demanded £2.3 million in compensation from a used car dealer who breached the terms of numerous motor finance loans through a series of “illegitimate side agreements”.
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Finance 14 OctFCA motor finance changes present ‘promotional and profit opportunity’
Forthcoming Financial Conduct Authority (FCA) changes to the motor finance sector should be embraced as a “promotional and profit opportunity” by used car dealers.
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Market Insight 14 OctHalf of car buyers intend to pay upfront for next vehicle, survey finds
Paying up front for a new vehicle has continued to slow down as an increasing number of consumers demand increased flexibility, according to research from Close Brothers Motor Finance.
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Finance 9 OctConsumer car finance market grew 8% by value in August, reports FLA
The UK’s consumer car finance market grew 1% by volume and 8% by value during August, according to new data from the Finance and Leasing Association (FLA).
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Supplier News 8 OctAutoGuard Warranties opens new Belfast office
AutoGuard Warranties has opened it’s second office in Belfast city centre to provide additional support to its network of dealers in Northern Ireland.
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Finance 5 Oct
FCA’s SM&CR deadline extension must not bring complacency about compliance
Car retailers have been urged not to not put their preparations to comply with the Financial Conduct Authority’s (FCA) Senior Manager Certification Regime (SM&CR) “on the back burner” as a result of the recent deadline extension.
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Finance 1 OctDealer lending panels need to be fit for COVID-19 car market, says Startline
Dealers need to be considering their lending panels to ensure they are fit for the COVID-19 coronavirus era used car market, says Startline Motor Finance.
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Finance 24 Sep1-in-4 car dealers using COVID-19 loans or overdrafts to stock forecourts
Almost a quarter of used car retailers have turned to Government-backed COVID-19 recovery loans or overdrafts to fund their forecourt stock since lockdown, NextGear Capital has found.
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Supplier News 24 SepSantander Consumer Finance to launch Your Red Car marketing platform
Santander Consumer Finance claims that it will “reduce margin costs and maximise sales” for car retailers with the launch of its new Your Red Car online marketing platform early next year.
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Market Insight 22 SepFLA calls on Government not to ‘prematurely end’ COVID-19 finance support
The Finance and Leasing Association (FLA) has urged Government to not ‘prematurely end’ its COVID-19 finance support for UK business in a co-signed letter to Chancellor of the Exchequer Rishi Sunak.
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Finance 21 SepNo room for ‘body-swerves or gamification’ in new FCA motor finance rules
The motor finance sector must reinvent itself in light of the Financial Conduct Authority’s (FCA) new regulations which will ban all discretionary commission models from January 28.
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Market Insight 17 Sep
FLA urges extended Government loan scheme and EV tax breaks
The Finance and Leasing Association (FLA) is set to make submissions urging Government to extend its COVID-19 business lending and introduce tax incentives to boost the adoption of alternative fuel vehicles (AFV).
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People News 7 Sep
Startline Motor Finance expands team with 10 new recruits
Startline Motor Finance is expanding its team with 10 new positions, following a record three-month trading performance.
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Market Insight 7 Sep
Car finance market growth returned in July but recovery 'remains in doubt'
The new and used car finance markets returned to growth in July as showrooms across the UK re-opened their doors following the COVID-19 lockdown period, the Finance and Leasing Association (FLA) has confirmed.
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Car Dealer News 26 Aug
NFDA publishes new car buying guide to boost consumer confidence
The NFDA has published a new consumer-facing car buying guide to help boost market confidence ahead of the crucial September number plate change month for retailers.
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People News 24 AugAlphera appoints BMW/Mini's Adam Harley as head of key accounts
Alphera Financial Services has appointed BMW/Mini national leasing manager Adam Harley as its new head of key accounts.
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Car Manufacturer News 10 AugVW introduces 0% APR finance on aftersales and accessories
Volkswagen UK has introduced a 0% APR finance payment option on aftersales work and accessories across the majority of its retail network.
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Finance 6 Aug
Used car finance led the market recovery in June, reports FLA
The Finance and Leasing Association (FLA) has said that the consumer used car finance sector’s 9% growth by value and 2% by volume drove a market “bounce back” in June.
