finance and insurance (F&I)
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Finance 17 JulFCA set to revamp social media rules on finance promotions
The Financial Conduct Authority (FCA) is proposing new rules to combat non-compliant financial promotions on social media platforms.
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Finance 17 JulNFDA ready to help members with Consumer Duty support
The NFDA is urging its motor retailer members to get in touch if they need additional support ahead of the new Consumer Duty regulations that launch on July 31.
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Finance 12 Jul
Dealer awareness on Consumer Duty rules spikes as July 31 deadline approaches
Dealers’ awareness of new Consumer Duty regulations has increased from 28% to 91% over the last quarter, according to Close Brothers Motor Finance.
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Used Cars 12 JulFinance penetration slowing, but engagement is still high, says Auto Trader
Finance penetration rates for new and used car funding is slowing, but increasing APRs are having limited impact on engagement according to new research from Auto Trader.
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Finance 4 JulCustomer self-service effective for Consumer Duty compliance, says iVendi
Letting customers self-serve their motor finance needs is proving the most effective route to Consumer Duty compliance, iVendi is reporting.
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Retailing 3 JulThe Running A Modern Dealership report is here from AM
AM's latest industry special digital report, Running A Modern Dealership, has now been published. Industry experts, prominent suppliers and franchised dealers have shared their insights into the major aspects required in running a modern dealership, including used car retailing, EV sales, finance and insurance, omnichannel customer experience and aftersales efficiency.
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Finance 3 JulFCA warns motor insurers it is concerned about write-off payouts
The Financial Conduct Authority (FCA) has found motor insurers need to improve how they treat vulnerable customers and handle claims, and end paying out low for write-offs
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Finance 28 JunAlphera Financial Services offers top tips on Consumer Duty
Alphera Financial Services is providing free training videos and documents to help prepare for the FCA’s Consumer Duty regulations on July 31.
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Finance 27 JunCar buyers keeping deposits and payments “remarkably consistent” despite interest rate increases
Motor finance deposits and payments have stayed “remarkably consistent” over the last 12 months despite ongoing interest rate pressures, says iVendi.
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Market Insight 23 JunDealers battle rising prices and surging finance APRs to tempt car buyers
Auto Trader's Retail Price Index has shown that the average retail value of used cars has increased by 3.5% compared to last year's levels, which were already 24% higher than in 2021.
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Finance 13 JunVW offering 0% finance on new EVs over the summer
Volkswagen has launched a 0% finance campaign for its ID.4, ID.5 and the outgoing ID.3 from now until October 2.
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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 May
Ivendi 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.
