finance and insurance (F&I)
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Car Dealer News 19 JulOpen banking to become 'dominant' form of payment in dealerships
Open banking is expected to become the most popular payment method in car dealerships by 2030.
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Supplier News 18 Jul
iVendi whitepaper helps car dealers meet online consumer expectations
A new iVendi whitepaper is aiming to help car dealers improve their online experience and bridge gap between to retailers Amazon, John Lewis and eBay.
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People News 15 JulAlex Royall appointed as Alphera director following Preston Rogers' JLR switch
Alphera Financial Services has appointed Alex Royall as its new UK director after Preston Rogers left to become head of Jaguar Land Rover (JLR) Financial Services at Lloyds Banking Group.
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Market Insight 12 JulAFV owners seek GAP and warranty cover as financial concerns rise
Demand for GAP insurance quotes and extended warranties for alternative fuel vehicles (AFVs) is rising year-on-year (YoY), data from Intelligent Motoring shows.
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Market Insight 7 JulRising new and used car values drive motor finance’s continued growth
High new and used car prices will continue to drive the motor finance sector's growth by value despite a cost-of-living crisis that will “subdue consumer spending in the coming months”, the FLA has said.
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Used Cars 6 JulDealers respond to cost-of-living crisis by changing stock, Startline finds
Startline’s Used Car Tracker has revealed that 63% of dealers have changed the types of cars they are stocking in response to the cost-of-living crisis.
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Market Insight 5 Jul
Growth car brands ensure finance offers prioritise affordability
The growth leaders for UK new car registrations are offering models with an average monthly personal contract purchase (PCP) price of just £230.50.
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Latest News 4 JulOver a third of motorists could abandon their cars in fuel costs increase
Over a third of motorists plan to abandon their cars in favour of public transport if fuel prices continue to rise above their current average of over £100 for a tank of petrol.
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Supplier News 27 JunParagon Motor Finance and CarMoney double their car retail lending
Paragon Bank’s Motor Finance division has more than doubled the amount of car retail lending during the first half of its financial year.
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People News 23 JunBumper appoints Snap-On's Nick Squire to lead international expansion
Automotive aftersales finance provider Bumper has appointed Snap-on Business Solutions’ Nick Squire as its new international sales and partnerships manager.
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Finance 21 Jun
Consumer spending on cars ‘expected to slow’, says FLA
The Finance and Leasing Association (FLA) still expects a Q2 rise in car buying activity, despite expectations that spending will slow amid rising inflation, interest rates, and taxes.
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Finance 17 JunNFDA welcomes move to reform ‘outdated’ Customer Credit Act
National Franchised Dealers Association (NFDA) chief executive Sue Robinson has welcomed Government’s decision to reform the Customer Credit Act – branding it “outdated”.
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Finance and insurance 14 JunHow is online retail affecting the role of car dealership business managers?
The role of the car dealership’s business manager is evolving – and digitalisation is playing its part in that change.
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Finance and insurance 14 JunKeeping car finance competitive amid BoE's rising interest rates
Car dealerships are facing a double whammy of rising overheads and diminishing consumer finances after the Bank of England (BoE) further increased interest rates this month to 1%.
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Supplier News 10 JunClose Brothers drives £35k fund-raiser for Make-A-Wish children's charity
Close Brothers Motor Finance have raised £35,000 for the Make-A-Wish Foundation and Cancer Research UK through a series of fundraising events.
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Finance 9 JunPeter Vardy's CarMoney to open Dundee office due to rising demand
Peter Vardy's CarMoney is set to open its first regional sales and administration office in Dundee in response to rising consumer demand.
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People News 8 JunMotoNovo appoints Matt Lucas as head of partnerships & transformation
MotoNovo Finance has promoted Matt Lucas to the newly created position of head of partnerships & transformation.
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People News 8 JuniVendi creates new business units and appoints country directors
iVendi has created new business units and has appointed new country directors in France and Spain.
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Finance and insurance 7 JunIs the end coming for in-showroom motor finance provision?
AM-online examines the impact of technology and e-commerce on the traditional in-showroom process of providing point of sale motor finance
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Finance 6 JunCar buyers 'not ready' to finalise finance online, says Alphera
A nationwide survey by Alphera Financial Services has found that most UK car buyers are not ready to fully finalise their car finance agreements online.
