finance and insurance (F&I)
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Market Insight 4 Jan
UK car dealers ‘feeling confident’ about business prospects in 2018
A quarterly dealer attitude survey carried out by Close Brothers Motor Finance has found that 92% of dealerships are confident about market prospects for 2018.
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Market Insight 22 DecOver a third of car buyers ‘don’t want’ face-to-face advice from car dealers
Less than half of motorists would actively seek-out face-to-face guidance from a car dealer when making their next automotive purchase, according to a new survey.
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People News 22 DecCap HPI 'key player' promoted into head of finance role
Cap HPI has promoted “key player” James Pass to the role of head of finance sales.
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Manufacturer 21 DecToyota dealers roll-out NGage online finance platform
Toyota and Lexus retailers have simplified the process of financing a car purchase with the introduction of a web-based platform offering a range of products and an online signature facility.
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Supplier News 20 DecChristmas Day campaign launch for Auto Trader monthly price search
Auto Trader is preparing to promote its new monthly price search tool with a multimillion pound advertising campaign which gets underway on Christmas Day.
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Finance 14 DecDealers rethinking lending panels as ‘prime’ finance customers dwindle
Car dealers have started rethinking their lending panels as economic pressures start to spark a reduction in the number of customers meeting “prime lender criteria”.
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Finance 13 Dec
FLA reports 7% October decline in consumer new car finance
The Finance and Leasing Association have revealed that new business volumes in the point of sale consumer new car finance market fell by 7% year-on-year in October.
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Market Insight 12 DecInflation rises to six-year high of 3.1% in November
Inflation rose to a six-year high of 3.1% in November as retailers struggled against a squeeze on shoppers finances in the run-up to Christmas.
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People News 8 DecCarFinance247 in Virgin Fast Track 100 for third consecutive year
CarFinance 247 has made the Sunday Times Virgin Fast Track 100, ranking in the top ten for the third consecutive year.
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Car Dealer News 8 Dec78% of British car buyers will research before purchasing, study reveals
Black Horse has uncovered evidence that 22% of potential car buyers do no research at all before arriving on a dealer's forecourt.
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Supplier News 8 DecNextGear Capital reaches 200,000 vehicle funding milestone
NextGear Capital has marked the milestone of 200,000 vehicles funded since it launched in 2014, hailing the stock funding business’s growth as “outstanding”.
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Finance 7 Dec
Startline Motor Finance secures £250m credit facility from J.P. Morgan
Startline Motor Finance is preparing to push into the franchised car dealer network after securing a new £250 million credit facility from major financial institution J.P. Morgan.
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Finance 6 Dec
Moneybarn probed by the Financial Conduct Authority over motor finance affordability assessments
Sub-prime car finance firm Moneybarn is being investigated by the FCA over how it assesses car-buyers for loans.
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Finance 5 DecDealerships see 14% rise in motorists buying on first visit
Dealerships have seen a 14% rise in the number of people buying on their first visit to a dealership compared to last year, EnquiryMAX reveals.
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Opinion 1 DecGuest opinion: Could a finance cartel ever operate in the public interest?
Cartels are a bad thing. Everyone knows that. Businesses colluding to the detriment of customers is, quite rightly, a criminal offence.
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Finance 1 DecStoneacre bucks interest rate trend for non-prime customers
Stoneacre Financial Services (SFS) is preparing to buck the interest rate trend to make car finance more attainable for non-prime customers.
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Finance 30 NovCar retailers among the F&I awards
AM100 retailers were among the awards as leading figures from the automotive F&I industry gathered at the F&I Conference and Awards Ceremony organised by DealTrak.
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Finance 23 NovParagon’s full year results reveal 50% increase in motor finance lending
Paragon Banking Group reported underlying profits of £145 million as it unveiled its full year results for the year ended September 30.
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Used Cars 21 NovReduced margins driving dealer interest in add-on products, claims Warranty Group
Reduced margins on used cars are driving increased dealer interest in getting the most out of added value products, claims Warranty Group.
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People News 15 NoviVendi appoints Jacqui Barker as first head of OEM relations
Jacqui Barker, former Auto Trader client development manager, has been appointed online finance specialist iVendi's first head of OEM relations.
