finance and insurance (F&I)
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Market Insight 16 AprEconomic 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.
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Finance 14 AprMore than a third of lockdown car sales completed entirely online
More than a third (37%) of used car transactions, including finance applications, took place entirely online during COVID-19 'Lockdown 3', according to iVendi.
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People News 14 Aprdrivvn appoints new client director
Automotive retail ecommerce specialist drivvn has appointed Lucy Trott as its new client director.
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Supplier News 13 AprWhite Clarke Group acquired by US-based finance firm IDS
Automotive finance provider White Clarke Group has been acquired by US-based IDS to form a single entity claiming to serve a $7 trillion secured finance end market.
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Finance 9 AprCar finance sector to deliver 'strong rebound' after 27% February decline
The Finance and Leasing Association (FLA) has said it expects a “strong rebound” in the automotive finance sector after car showrooms emerge from COVID-19 ‘Lockdown 3’ on Monday.
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Market Insight 25 Mar
Labour issues call for interest-free loans to support EV car sales
Labour’s shadow business minister Ed Miliband has called for interest free loans to help low and middle-income families purchase a new electric vehicle (EV).
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People News 25 MarNorthridge Finance stalwart Alan Carson to leave business after 26 years
Northridge Finance sales director Alan Carson has announced that he is departing the business after 26 years.
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Market Insight 22 MarCar brands respond to Government's EV incentive cuts to maintain March sales
Car manufacturers have responded to Government’s decision to cut its plug-in car grant with a mixture of frustration and tweaked finance offers to maintain their March sales.
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Finance 19 MarZuto creates more than 100 new jobs during COVID pandemic
Manchester-based car finance company Zuto has hired 100 new staff members since June 2020 to increase its workforce by 40% during the COVID-19 pandemic.
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Market Insight 15 Mar
FLA predicts ‘strong recovery’ in consumer car finance market
The Finance and Leasing Association (FLA) has predicted a “strong recovery” from the consumer car finance sector after volumes declined by 35% as COVID-19 ‘Lockdown 3’ stalled trading in January.
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Supplier News 15 MariVendi helped car retailers to a record £1.3bn in sales during pandemic
Automotive ecommerce specialist iVendi has helped UK car retailers to facilitate £1.3 billion in vehicle sales in the past 12 months – up £200m despite the impact of COVID-19.
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People News 15 MarAutomotive ecommerce business drivvn appoints new head of finance
Automotive retail ecommerce specialist drivvn has appointed Sian Cutter as its new head of finance to support software as a service (SaaS) delivery to the sector.
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Supplier News 12 MarUK's accounting watchdog opens investigation into Deloitte’s Lookers audit
UK accounting watchdog the Financial Reporting Council (FRC) has opened an investigation into Deloitte audit of Lookers PLC’s financial statements for 2017 and 2018.
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Finance 12 MarCoronavirus pandemic drives growth in subprime car finance
Demand for subprime lending has more than doubled in the last year, according to motor finance broker Caerus Capital.
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Finance 11 MarAlphera launches online F&I excellence training programme
Alphera Financial Services has launched a new online finance and insurance (F&I) training programme, ‘Funding Essential Skills'.
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Supplier News 11 MarHeadcount to 'almost double' at iVendi over next three years, says CEO
Staff headcount at iVendi is set to “almost double” over the next three years, in support of expansion plans in the UK and Europe, says chief executive James Tew.
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Car Dealer News 2 Mar
Lookers avoids sanctions as FCA closes investigation into ‘possible mis-selling’
The FCA has told Lookers does not intend to apply any sanction against the car retail group following the decision to close its investigation into the ‘possible mis-selling’ of regulated products.
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People News 1 MarDaniel Glenn joins iVendi as VP of technical operations
Daniel Glenn has joined iVendi as vice president of technical operations, responsible for building an IT team that will expand to support the company’s growth plans over the next three years.
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People News 26 Feb
Stephanie Cohen named as Financial Conduct Authority’s new COO
The Financial Conduct Authority (FCA) has made a number of senior appointments, including naming a new chief operating officer.
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People News 8 FebTim Smith named as finance director at Rygor
Mercedes-Benz commercial vehicle dealer group Rygor Commercials has promoted Tim Smith to the role of finance director.
