finance and insurance (F&I)
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Technology 26 FebSantander Consumer Finance launches new i-click online signature platform
Santander Consumer Finance (SCF) is driving innovation in its online retail offering with the launch of its i-click online document signature software platform.
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Finance and insurance 21 FebF&I: PCP 'crisis' is overblown, but dealers still have work to do on compliance
Motor retailers need to be more conscientious than ever to avoid the consequences of mis-selling, delegates at Automotive Management Live were told.
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Digital Marketing 20 FebUS motor finance start-up Fair wants to be the Netflix of used car retail
A US-based start-up called Fair is rolling out a used car finance app that connects customers with dealers’ approved used car stock online and is looking at launching in the UK next year.
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Finance 14 FebNearly half of drivers with finance package do not know amount borrowed
Research has shown that 47% of drivers with a car on finance do not know how much they have borrowed, according to CarGurus.
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Car Dealer News 13 FebMarket gets ‘tougher’ in January as new car sales drop by 9%
A 9% drop in new car sales compared to the previous year confirmed that the "market is getting tougher" but used car opportunity remained strong in January, according to enquiryMAX.
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Supplier News 12 FebCar finance aggregator AutoGravity looking to launch in the UK
AutoGravity, a new and used car finance offer aggregator which has attracted the backing of Daimler in its native US, is looking at entering the UK market.
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Finance 9 FebCar finance sector expects a ‘stable 2018’, says FLA
The Finance and Leasing Association’s head of motor finance Adrian Dally has said that lenders expect a “stable” 2018 after full-year results from 2017 revealed new business had grown 2% by value and 7% by volume.
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People News 7 FebOodle Car Finance appoints ‘financial guru’ Roger Lovering as chairman
Oodle Car Finance has announced the appointment of former HSBC and Santader director Rodger Lovering as chairman.
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Market Insight 5 FebCar dealers made £400 loss in December, reports ASE
Car dealers who generated an £17,000 average profit in December 2016 suffered the effects of a £400 loss 12 months later, according to ASE.
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Market Insight 31 Jan
Car manufacturers seek jump start with 2018 finance offers
Of the 36 car manufacturers whose representative finance offers we examined, 10 were changing them at the end of January ahead of the 18-plate launch in March.
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Latest News 30 JanBig Cars founder Adam Stott confirms 'unsustainable trading conditions' forced decision to cease trading
Big Cars used car supermarket founder Adam Stott has blamed major changes to the business’ stock and finance provision for creating the “unsustainable trading conditions” that forced its closure.
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Car Dealer News 24 JanClose Brothers celebrates 30th birthday with a company-wide day off
Close Brothers Motor Finance is celebrating it’s birthday milestone of 30 years by rewarding all employees with a birthday day off.
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People News 22 JanSecure Trust Bank appoints David Mercer as managing director of motor finance arm
Secure Trust Bank has targeted growth in the in the near-prime and prime car finance sector after appointing former NextGear Capital boss David Mercer as managing director of its motor finance division, Moneyway.
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Finance 18 Jan
Car finance growth defies ‘negative narrative’ on PCPs in 2017
Household expenditure on vehicle ownership defied the negative narrative surrounding PCP car finance products with an increase of 47.7% in spending on “hire loan purchase agreements” during 2017.
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Finance 15 JanSoft check could make motor finance more accessible to used car buyers, says iVendi
Soft check and soft search options on online motor finance could make it more accessible and attractive to used car buyers, iVendi has revealed.
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Finance 12 Jan
Car finance sector ‘on target’ despite 8% November volume decline
The Finance and Leasing Association has claimed that the point of sale new car finance market remains “on track”, despite an 8% decline in volumes during November.
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Manufacturer 12 JanNissan extends £2,000 Switch Scheme until March
Nissan is offering up to £2,000 off a new car after extending its Switch Scheme until the end of March, with 'Switch Support' offered on the All New Micra, Juke, New Qashqai or New X-Trail or a used Leaf.
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Finance 10 Jan
Finance mis-selling could create ‘perfect storm’ in 2018
Finance mis-selling will create ‘perfect storm’ in 2018 according to the boss of fleet management business who has claimed that car dealership sales staff “don’t know how PCP and PCH deals work”.
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People News 10 JanSsangYong UK hires former Mitsubishi finance boss amid plan for contract hire push
Former Mitsubishi exec John Chisholm will run financial services at SsangYong Motor UK's parent Bassadone Automotive Group, as it plans a contract hire push
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Market Insight 8 JanCar dealers face ‘new set of trading parameters’ in 2018
Franchised car retailers face will face “a new set of trading parameters that they have not experienced for quite some time”, according to corporate finance advisors at Duff & Phelps.
