finance and insurance (F&I)
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Market Insight 6 FebMotorists ‘forced’ to exchange car or switch to pay-monthly schemes
The cost-of-living crisis is forcing motorists to consider changing to an alternative car or cut day-to-day spending to stay on the road, Carwow research shows.
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Finance 2 FebBank of England raises interest rate to highest level since 2008
The Bank of England has raised interest rates by 5ppts to 4% – their highest level since October 2008.
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News 2 FebLuxury used car retailer Autovogue ceases trading
Luxury used car retailer Autovogue has ceased trading after blaming “failing used Jaguar Land Rover vehicles” for its faltering financial fortunes.
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Finance 2 FebVauxhall introduces 0% PCP offer
Vauxhall has introduced a new two-year 0% PCP offer available across its entire passenger car range, including electrified models.
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People News 1 FebVolvo Financial Services appoints Louise O’Sullivan as commercial director
Volvo Financial Services UK has appointed Renault Group’s Louise O’Sullivan as its new commercial director.
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Finance 31 JanConsumer Duty rules require dealer focus on management information
Dealers must compile ‘accurate and timely’ management information (MI) in order to comply with the FCA’s new Consumer Duty responsibilities.
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Finance 25 JanFCA gives firms extra Consumer Duty guides as review finds laggards
Alarm raised by the Financial Conduct Authority that some firms are behind in their planning with just six months until Consumer Duty rules comes into effect.
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Finance 19 JanZuto starts 2023 with surge in enquiries for used car finance
Zuto has reported record levels of applications for the weeks following Christmas 2022, with the trend continuing through January 2023.
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Finance and insurance 18 JanChange ahead for point of sale motor finance
Car finance sales opportunities remain for motor retailers despite tougher economic conditions, new business models and the upcoming FCA Consumer Duty requirements
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Finance and insurance 18 JanWhen will car subscriptions become mainstream?
Digitalisation and flexible monthly payments or usership plans could pave the way for further innovation in the field of vehicle finance
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Market Insight 13 JanVehicle supply shortages ‘continue to weigh’ on finance sector recovery
The motor finance sector is expected to record a 6% rise in value despite supply shortages which “continued to weigh on its recovery” during Q4, the Finance and Leasing Association (FLA) has said.
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Opinion 12 JanStability will be key as EV revolution accelerates in 2023, opinion
Much has been made of Prime Minister Rishi Sunak’s recent pledge to boost the economy, with commentators analysing how his priorities for 2023 will impact various sectors.
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Finance 21 DecRenault Group dealers to support new Lease&Co finance subsidiary
Renault Group’s Mobilize Financial Services has launched Lease&Co, a new leasing subsidiary that will specialise in flexible, use-based contracts, which will be promoted and supported by the dealer networks of its Alliance brands Renault, Dacia, Alpine and Nissan.
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Latest News 16 DecAM's December magazine: Livingstone's ambition, AM Awards launch, Ora Funky Cat & future of finance
Livingstone Motor Group’s growth ambitions, the AM Awards 2023 launch and all the content from AM Live 2022 are all packed into the latest edition of AM magazine – out now.
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Finance and insurance 16 DecUK recession is shifting the goal posts for consumer car finance
Armed with the right motor finance solutions, dealers are well placed to help buyers into their next used car despite the storm of high vehicle prices, rising interest rates and squeezed budgets.
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Used Cars 14 DecChinese EVs spark finance concerns for used car dealers
Used car dealers are concerned that they will not be able to secure stocking finance for the new wave of electric vehicles (EVs) from China, when they reach the used market.
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Finance 14 Dec
Consumer car finance registered 2022’s fourth month of growth in October
Consumer car finance registered growth for only the fourth time in 2022 as the sector delivered a 4% uplift by volumes and 9% by value.
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Finance 13 DecAre car dealers ‘heading for a fall’ ahead of 2023’s compliance challenges?
Unprepared car retailers could be “heading for a fall” if they do not act fast to prepare for 2023’s ramp-up in compliance challenges, it has been claimed.
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Finance 9 DecConsumer Credit Act reform must be ‘comprehensive’, says FLA
The Finance and Leasing Association (FLA) has called for reform of the Consumer Credit Act to be “comprehensive” as consultation on the plans opened today (December 9).
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Latest News 8 DecMackie Motors wins right to appeal High Court ruling with 'seismic' implications
Former Mackie Motors managing director Kevin Mackie has won the right to appeal a ‘seismic’ High Court Judgment which could pave the way for an end to a seven-day termination period for franchised car retailers.
