finance and insurance (F&I)
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Supplier News 7 JunIvendi launches ‘single point solution’ for Consumer Duty compliance
Ivendi is launching a new product range this week designed to act as a “single point solution” to dealer Consumer Duty compliance.
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Market Insight 1 JunThree in five young drivers considering flexible ownership models
Nearly two-thirds (59%) of young drivers (18–34 year olds) are considering flexible car ownership models, according to new research from Churchill Expert.
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Finance 25 MayIvendi offers step-by-step guide to Consumer Duty regulations
Ivendi has taken the experience of 8,000 retailers, manufacturers and finance partners to create a free step-by-step guide to the new Consumer Duty regulations.
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Supplier Interviews 24 May5 Minutes With... Alex Royall, director, Alphera Financial Services
In this latest '5 Minutes With' interview, I ask Alphera Financial Services director Alex Royall about some of the work UK motor retail is doing ahead of changing FCA regulation, including affordability checking when a consumer wants to buy a car.
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Finance 10 MayFinance increasingly crucial to EV success, says JATO and Startline
Nearly 60% of automotive retailers are urging more support from motor finance providers to retail electric vehicles (EVs).
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Finance 10 MayFCA warns of "swift action" as Consumer Duty deadline looms
The Financial Conduct Authority (FCA) has warned there will be "swift action" for those that ignore its new Consumer Duty standards.
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Opinion 9 MayConsumer Duty renews focus on even better customer outcomes
Mike Todd, chief executive of Volkswagen Financial Services UK, shares his thoughts about the Financial Conduct Authority's new Consumer Duty regime which begins on July 31.
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Finance 5 MayOut now: AM special report on F&I with a focus on Consumer Duty
The presence of a powerful and active regulator in the marketplace, the Financial Conduct Authority, means there has never been the attention given to the critical driver of new and used car markets, point of sale finance and insurance.
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Finance 3 MayWalker Morris boosts motor finance regulatory team with Russell Kelsall hire
Law firm Walker Morris has appointed Russell Kelsall as a partner and head of consumer and motor finance in its regulatory team.
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Finance 26 AprLatest FCA Consumer Duty deadline puts car dealers on ‘compressed timeline’
An April 30 deadline for motor finance providers to issue product reviews to their retail partners will put car dealers on a “compressed timeline” to deliver compliance with the Financial Conduct Authority’s new Consumer Duty regulations.
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Market Insight 5 AprFLA predicts 6% 2023 decline in car finance market
The Finance and Leasing Association has predicted a 6% decline in car finance during 2023 after new business volumes declined 5% in February.
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Manufacturer 4 AprStellantis targets ‘European leasing leader’ status after streamlining finance operations
Stellantis has set its sights on becoming the automotive sector’s “European leasing leader” after restructuring its finance and leasing operations.
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Car Dealer News 4 AprPeter Vardy begins overseas expansion of CarMoney with Australian launch
Peter Vardy has expanded the reach of its CarMoney motor finance broker service outside the UK with the launch of a new operation in Perth, West Australia.
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Used Cars 27 MarMotorists looking to ‘trade down’ due to cost-of living pressures
Motorists are being driven into a ‘trade down’ mindset as they explore ways to save cash during the UK’s cost-of living crisis, according to research from V12 Vehicle Finance.
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Finance 24 MarFCA expands its enforcement and oversight team
The Financial Conduct Authority (FCA) has made Therese Chambers and Steve Smart its joint executive directors of enforcement and market oversight.
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Car Dealer News 20 MarDealers reveal areas where costs will be cut amid cost-of-living crisis
Dealers plan to cut back on staff training, headcount and social media spending as the cost-of-living crisis continues to harm businesses.
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Finance 10 Mar
FLA forecasts 12% fall in value of used car finance sector in 2023
The Finance and Leasing Association has forecast a 6% decline in the value of the UK car finance sector in 2023 – with used car finance falling by 12%.
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Finance 7 MarNew car finance APRs hit double digit average
The high cost of finance is not holding back new car sales in the UK, but the average annual percentage rate (APR) for retail offers has broken into double figures at 12%.
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Aftersales 3 MarTight budgets leading to rise in cars without MOT on UK roads
Tight budgets mean a likely increase in the number of cars being driven without current MOT certificates, according to Halfords.
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Finance 2 MarCarmoola raises £103.5m funding to help drive growth plans
UK motor finance fintech Carmoola is poised to drive "ambitious growth aspirations" after raising a £8.5 million Series A round and £95 million debt facility.
