finance and insurance (F&I)
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Finance and insurance 25 OctTight deadline for FCA Consumer Duty plan approaches
As the October 31 deadline for implementation plans for FCA Consumer Duty looms, compliance experts share their advice for UK motor retailers.
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Finance 21 OctNew 12 month EV subscription scheme targets workers
A new tax-efficient short subscription scheme for electric vehicles has been launched to target company employees.
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Finance 19 OctEvolution Funding achieves £1bn finance advances
Evolution Funding achieved a milestone of transacting £1bn in motor finance advances, with total platform transactions of more than £1.5bn.
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People News 19 Oct
Mark Steward to step down as FCA's head of enforcement
Mark Steward will be stepping down as the FCA's executive director of enforcement and market oversight after seven years with the regulator.
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Supplier News 19 OctLeasys Rent becomes Drivalia as FCA Bank moves away from Stellantis
FCA Bank Group has launched a new rental and mobility division called Drivalia to replace Leasys Rent.
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People News 18 OctOpteven UK appoints Madjid Hadj-Amar as operations director
Opteven UK will pursue a “digital transformation strategy” for its WMS automotive warranties operation under its new operations director Madjid Hadj-Amar.
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Aftersales 14 OctHow to boost aftersales affordability to keep serving cash-strapped motorists
As consumers are coming under increasing financial strain from soaring inflation and the cost-of-living crisis, so car dealerships are stepping up to help them through these challenging times.
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Finance 10 OctBuoyant used car market boosted motor finance sector in August, FLA reveals
The Motor finance market reported growth in both the value and volume of new business for the first time since March during August trading, the Finance and Leasing Association (FLA) has reported.
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Finance 7 OctFCA Consumer Duty: time to ‘make a plan and do what it says’
Automotive retail business have been reminded that they have until the end of October to ‘make a plan and do what it says’ to comply with the Financial Conduct Authority’s (FCA) new Consumer Duty regulations.
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Finance 30 Sep
FCA acts to protect consumers from unnecessary insurance products and unfair penalties
The Financial Conduct Authority has written to insurance sector CEOs as part of a bid to protect consumers from “unnecessary products or add-ons and unfair penalties” during the cost-of-living crisis.
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Latest News 29 SepCar retailers target of ‘veiled threat’ from overstretched HMRC
Car retailers have been the target of a “veiled threat” from an overstretched HMRC after the Government body identified the sector as a VAT risk area, MHA has revealed.
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Latest News 22 SepBank of England raises UK interest rate to 2.25% to stem inflation
The Bank of England has raised the UK interest rate by 0.5ppts to 2.25% in spite of Monetary Policy Committee (MPC) uncertainty over the best approach to stem inflation.
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People News 22 SepRichard Jones leaves Lloyds Banking Group to join Motonovo
Lloyds Banking Group managing director Richard Jones will be leaving the company to join Motonovo.
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Finance 20 SepCar retailers cannot afford to compromise on new FCA principles
Car retailers have been told “there can be no compromise” when it comes to the technology leveraged to ensure compliance with the Financial Conduct Authority’s (FCA) new Consumer Duty.
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Latest News 15 SepAutomotive sector braced for record interest rates rise
The automotive sector is braced for the impact of a record 0.75ppt rise in interest rates if the Bank of England acts to curb inflation next week.
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Market Insight 14 SepCost-of-living crisis pushing car buyers into finance, research finds
The cost-of-living crisis is pushing new and used car buyers to opt for finance rather than cash purchases, research by What Car? has found.
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Finance 14 Sep
Register to hear experts in FCA Consumer Duty webinar
AM is hosting a webinar for law firm Freeths this Thursday to give UK motor retailers insights into how they must prepare for the Consumer Duty, the new regime from the Financial Conduct Authority.
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Finance 12 Sep
Double digit growth for used car finance as business turns to pre-owned vehicles
The used car sector delivered double-digit growth in the value of new business generated in July as supply issued continued to subdue new car registrations.
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Finance 6 SepMotor finance lenders to tighten eligibility criteria
Motor finance providers are likely to tighten the criteria on which they base their lending, in order to minimise their risks during the cost of living crisis.
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Car Dealer News 2 SepPendragon launches open banking with Pinewood and Vyne
Pendragon is providing its customers a new payment option with Pinewood DMS and Vyne open banking in-store and online.
