finance and insurance (F&I)
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Opinion 13 JunIntegrating used car finance into the sales process, a guest opinion
Used car operations continue to provide valuable profit opportunities for dealers of all sizes. It is clear that finance has a vital role to play in both attracting the customer and closing the sale.
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Finance 12 JunFCA action drives change to 'buy now, pay later' finance
The Financial Conduct Authority is freeing consumers from full back-dated interest charges when they partly pay amounts owed under ‘buy now, pay later’ (BNPL) finance deals.
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Supplier News 10 JunClose Brothers raise £33,500 for Make-A-Wish and Cancer Research UK
Close Brothers Motor Finance has exceeded last year’s fundraising record and raised £33,500 for Make-A-Wish and Cancer Research UK.
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Finance 7 Jun
FLA reports 2% April decline in consumer car finance
The Finance and Leasing Association (FLA) has revealed that new business in the point of sale (POS) consumer new car finance market fell 2% by value and 7% by volume in April.
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Digital Marketing 7 Jun5G phone network could enable ‘ultra-high resolution’ imagery, says iVendi
New 5G mobile networks could “revolutionise” some aspects of online motor retail and how dealers present vehicles, says iVendi.
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People News 6 JunDealTrak announces 18 new positions ahead of ‘biggest year’
DealTrak is following up the recruitment of five new faces and and the completion of several internal promotions with a recruitment drive to fill nine new roles in preparation for its "biggest year-to-date".
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Supplier News 4 JunSecure Trust Bank launches stock, sale and repair funding service
Secure Trust Bank hopes to bring more independent and small franchised dealers on board after launching a new proposition blending wholesale finance, stock sourcing and consumer finance for car purchase and repairs.
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Manufacturer 4 JunVauxhall launches Trade-Up car scrappage scheme
Vauxhall is offering car buyers a minimum £4,000 guaranteed scrappage allowance or £3,000 extra part-exchange value as part of its new scrappage-style Trade-Up sales campaign.
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Supplier News 4 JunVolkswagen launches online used van finance calculator
Volkswagen Commercial Vehicles (VWCV) has launched a new used van finance calculator to help customers find the deal that suits them best.
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Supplier News 3 JunFCA and PRA fine Raphaels Bank £1.89m
The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have fined R. Raphael & Sons plc (Raphaels) for failures in the management of its outsourcing arrangements.
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Supplier News 3 JunAuto Service Finance claims second FinTech award in 2019
Auto Service Finance (ASF) won its second FinTech award this time at the Credit Strategy’s Credit Awards 2019 in the Alternative Lender of the Year category.
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People News 31 MaySpecialist Motor Finance appoints new business development manager
Specialist Motor Finance (SMF) has announced the appointment of Jim Cowell to the senior role of business development manager with the company.
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Market Insight 29 May
Finance prices rise as carmakers ease off in Q2
Funding a vehicle through retail finance offers has become more expensive in Q2.
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Supplier News 23 May
New £325m funding line secured by Startline Motor Finance
Glasgow-based near-prime lender Startline Motor Finance has secured a new £325 million credit facility from multinational investment bank J.P.Morgan.
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Finance 23 May
Vauxhall adopts new contract hire service for dealer network
Vauxhall has adopted Free2Move Lease as its dealer network's new business contract hire funder.
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People News 20 MayFormer Paddy Power CFO Alex Gersh joins Cazoo
Cazoo has announced that Alex Gersh, formerly chief financial officer of Paddy Power Betfair, has joined as its first CFO.
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Finance 16 MayDealers warned FCA review might change the role of business managers
Changed job descriptions for dealerships’ business managers may be one outcome of the Financial Conduct Authority’s probe into motor finance, says Andrew Smith, FCA expert
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Car Manufacturer News 14 MayVolvo takes lead over Audi and BMW in the leasing market
Volvo has become the third largest manufacturer in the personal leasing market, according to Leasing.com.
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Car Dealer News 13 MayStoneacre streamlines customer leads and finance with AutoConvert
Stoneacre Motor Group has joined forces with AutoConvert in pursuit of an all-encompassing approach to lead management which fuses detailed lead tracking with paperless online finance applications.
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Market Insight 13 MayEaster distractions compounded difficult April for used car dealers
Traditionally the used car market in April is buoyant and there are plenty of retail buyers on the forecourt but that has not been the case in 2019.
