The Financial Conduct Authority (FCA) recently announced forthcoming changes to what has been a controversial area of consumer credit lending.
Lookers has said that it is “cooperating fully” with the Financial Conduct Authority (FCA) as the regulator announced that it was commencing an investigation into the car retail group’s sales process.
The UK automotive sector suffered its most severe downturn in business conditions for six-and-a-half years between April and May, according to a survey published by NatWest and IHS Markit today.
The motor finance sector’s prime lenders appear to be tightening their lending rules just at a point in time when used car retailers need greater flexibility from their motor finance, says Startline.
Kelly Ventham has been named as the Startline Motor Finance’s head of client relationships and acquisition in a role which will see her lead a newly-created client relationships team.
Used car operations continue to provide valuable profit opportunities for dealers of all sizes. It is clear that finance has a vital role to play in both attracting the customer and closing the sale.
Close Brothers Motor Finance has exceeded last year’s fundraising record and raised £33,500 for Make-A-Wish and Cancer Research UK.
The Finance and Leasing Association (FLA) has revealed that new business in the point of sale (POS) consumer new car finance market fell 2% by value and 7% by volume in April.
New 5G mobile networks could “revolutionise” some aspects of online motor retail and how dealers present vehicles, says iVendi.
DealTrak is following up the recruitment of five new faces and and the completion of several internal promotions with a recruitment drive to fill nine new roles in preparation for its "biggest year-to-date".
Vauxhall is offering car buyers a minimum £4,000 guaranteed scrappage allowance or £3,000 extra part-exchange value as part of its new scrappage-style Trade-Up sales campaign.
Volkswagen Commercial Vehicles (VWCV) has launched a new used van finance calculator to help customers find the deal that suits them best.
The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have fined R. Raphael & Sons plc (Raphaels) for failures in the management of its outsourcing arrangements.
Auto Service Finance (ASF) won its second FinTech award this time at the Credit Strategy’s Credit Awards 2019 in the Alternative Lender of the Year category.
Specialist Motor Finance (SMF) has announced the appointment of Jim Cowell to the senior role of business development manager with the company.
Volvo has become the third largest manufacturer in the personal leasing market, according to Leasing.com.
Stoneacre Motor Group has joined forces with AutoConvert in pursuit of an all-encompassing approach to lead management which fuses detailed lead tracking with paperless online finance applications.
Traditionally the used car market in April is buoyant and there are plenty of retail buyers on the forecourt but that has not been the case in 2019.
Growth in used car finance drove a positive month of sales in April, according to lead management experts Dealerweb.
The Finance and Leasing Association (FLA) has revealed that the point of sale (POS) consumer car finance market fell 1% by volume in March, compared with the same month in 2018.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues