finance and insurance (F&I)
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Supplier News 22 Oct
Close Brothers offers car retail insight tools through Auto Trader partnership
Close Brothers Motor Finance has teamed-up with Auto Trader to launch a “motor finance industry-first data tool” offering consumer demand insight to car retailers.
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People News 12 OctFormer Chrysalis-Solmotive co-owner Paul Bennett to help drive iVendi growth
Former Chrysalis-Solmotive co-owner Paul Bennett has joined iVendi as senior vice president for international business and banking alliances as part of a plan to triple revenues within three years.
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Market Insight 11 OctVolume of used car finance dropped in August, FLA reveals
The volume of used car sales on point-of-sale motor finance was 7% lower than in Augut 2020, in a further sign of the lower levels of stock available to used car dealers.
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Finance 11 OctNew technology can transform customer acceptance rates
Delegates at AM Live will learn how new finance technology can be used to help boost customer acceptance rates and increase Finance Conduct Authority (FCA) compliance at the same time.
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Supplier News 6 OctAM Awards 2021 winner: Best Finance or Leasing Brokerage, Carparison
The AM Awards 2021’s Best Finance or Leasing Brokerage award winner is a business looking to capitalise on the growth of the personal contract hire market and, since its launch, has grown rapidly.
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Supplier News 29 SepKeyloop to integrate automotive finance following FISC acquisition
Keyloop has completed the acquisition of automotive finance software specialist FISC to help car manufacturers and retailers better manage customer experience and retention.
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Supplier News 20 SepStartline to roll out new motor finance insight tool
A new data product from Starline designed to maximise finance opportunities is being rolled to dealer groups in Q4.
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Car Dealer News 17 SepRetailers urged to enhance car buyers' unaccompanied test drive experience
PIB Group is urging retailers to enhance the customer experience with unaccompanied test drives, whilst mitigating financial risk.
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Finance 10 Sep
FCA gains power to remove unused permissions
The Financial Conduct Authority has new powers to remove unused permissions from the Financial Services register more quickly.
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Finance 9 SepCar supply shortages deliver 20% decline in consumer car finance
The impact of car supply shortages has been blamed for a 20% decline in the volume of new business in consumer car finance in July.
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Finance 8 SepV12VF achieves £50m stock funding milestone
V12 Vehicle Finance (V12VF) has provided £50m worth of stock funding for independent and franchised car dealers in the UK, achieving a finance milestone.
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Digital Marketing 3 SepAlphera launches new website to improve user experience
Alphera Financial Services has launched its new website to help improve the user experience for customers looking to self-serve their car finance online.
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Finance 1 SepCarMoney launches CarFinder service
CarMoney has launched its new CarFinder service to help buyers secure the car they want at the they price they want to pay.
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Aftersales 16 AugArnold Clark implements digital aftersales payments using Bumper
Arnold Clark has rolled out Bumper’s aftersales payment services across its network of 160 dealerships in Scotland and England.
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Market Insight 13 Aug
Car brands reduced finance deposit contributions by 18% in Q3, AM analysis finds
Car manufacturers have cut back on discounting in Q3 this year, with average deposit contributions falling by 18% to £1,704 quarter-on-quarter, according to the latest data from AM.
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People News 4 AugMotoNovo CEO Mark Standish departs after overseeing business restructure
MotoNovo has promoted Karl Werner to managing director after its chief executive Mark Standish left the business as part of a restructure of the business.
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Opinion 3 AugCar retail ‘resilient’ after measured acceptance of Government support, opinion
The car retail sector’s well-considered the acceptance of Government’s COVID-19 support have left many businesses on a sound footing to deliver a successful 2021.
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Finance 3 AugV12VF and Moneyway launch digital finance calculator with Codeweavers
V12 Vehicle Finance (V12VF) and Moneyway have partnered with Codeweavers, to launch a new digital finance calculator to support dealers and their customers.
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People News 2 Aug
CarFinance 247 to boost workforce by 20%
CarFinance 247 plans to hire more than 125 additional people to meet the growing needs of the company as it responds to significant consumer demand.
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Finance 30 JulNew FCA proposals target more ‘assertive’ decision-making
Faster and more assertive decision making in relation to non-compliance issues are at the heart of a series of changes proposed by the Financial Conduct Authority (FCA).
