finance and insurance (F&I)
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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).
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People News 22 JulHaydock Stock Finance welcomes new regional manager
Haydock Stock Finance, a new division developed by Haydock Finance, have welcomed Andy Poole as its new regional manager.
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Used Cars 21 JulUsed car buyers opt for higher deposits to offset rising prices
Used car buyers are paying higher deposits on their motor finance deals to combat rising prices, according to new data from iVendi.
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Finance 15 JulEV leasing platform WeVee announces £5m seed funding
Electric vehicle (EV) leasing platform WeVee is now valued at $14 million (£10.1m) after its latest investment injection.
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People News 14 JulCarMoney appoints Rachel Elliott as regional sales manager
CarMoney has appointed Rachel Elliot as its new Midlands regional sales manager as it targets expansion in the area.
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Finance and insurance 13 JulHave dealers and funding providers cleared COVID-hit car buyers' finance hurdles?
Motor finance companies and car dealers have borne the brunt of the COVID-19 pandemic, but how well have they overcome the challenge of motorists' 1.8 million requests for finance forbearance.
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Supplier News 8 JulInsurance giant Allianz becomes ‘strategic core investor’ in heycar
Allianz has become a strategic core investor in heycar in a move that will bring new investment and allow the online business to become “holistic and customer-centric mobility provider”.
