finance
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People News 3 MayDealerweb appoints Heather Upchurch as new chief technology officer
Dealerweb has appointed Heather Upchurch as the company’s first chief technology officer to support the next phase of growth.
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Opinion 25 AprFCA review furthers argument to ‘Gamify’ car dealer finance, guest opinion
There needs to be a sweeping change in the role of technology both at the point of sale and online, placing consumers in control of their finance experience and just as importantly to provide lenders with a rigorous record of the customer’s finance buying experience.
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Finance 23 AprFCA reports 5% drop in finance and insurance complaints in H2 2018
PPI continued to account for the vast majority of complaints received by the Financial Conduct Authority (FCA) as the overall number of consumers demanding redress declined by 5% in the second half of 2018.
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Car Dealer News 16 AprSantander supports dealers with free sales training
Santander Consumer Finance (SCF) has announced the release of an enhanced renewals platform which offers free training for car dealerships' sales staff.
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Market Insight 11 AprGovernment's Brexit extension 'utterly unacceptable' for UK automotive
The Society of Motor Manufacturers and Traders (SMMT) has expressed concerns that the Government’s six month Brexit extension has extended the current period of uncertainty for the automotive sector.
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Finance 10 AprBlue Motor Finance facilitates funding for independent dealers
Blue Motor Finance has launched a new tailored stock lending product to support small independent motor dealers.
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Finance 5 Apr
Consumer car finance market rose 2% in February, reports FLA
The Finance and Leasing Association (FLA) has revealed that new business in the point of sale (POS) consumer car finance market increased 2% by volume and 6% by value in February 2019.
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Supplier News 2 AprBrexit consumer confidence blow deters 2.4 million new car buyers
Brexit, a global slowdown and confusion over the future of diesel vehicles have combined to create a crisis of consumer confidence which may have driven 2.4 million motorists away from a new car purchase.
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People News 2 Apr
FLA director general Stephen Skarloff to leave post after 12 years
The Finance and Leasing Association’s (FLA) director general Stephen Skarloff will leave the organisation later this year after spending twelve years in the post.
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Supplier News 2 AprStartline Motor Finance starts 2019 with 20% Q1 growth
Startline Motor Finance is celebrating after generating a 20% increase in business volumes during Q1 of 2019 – with PCP penetration in the used sector cited as a key driver.
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Supplier News 26 MarStartline Motor Finance creates 50 new jobs with in-house customer service
Up to 50 new jobs are due to be created by Startline Motor Finance this year as the business transfers its customer services function in-house.
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Opinion 26 MarRIP for PCP as 'car finance’s PPI scandal’ draws near? A guest opinion
The Financial Conduct Authorities (FCA) Motor Finance Review has finally arrived. The eagerly awaited and long overdue investigation into auto finance has revealed what many in the industry had predicted.
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Supplier News 18 MarNorthridge Finance funds a record £1.1bn of vehicles in 2018
Northridge Finance has achieved a year of record growth, lending £1.1bn and increasing its funded fleet to 8,000 vehicles with Marshall Leasing.
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Opinion 13 MarFCA’s motor finance review should sharpen compliance focus, guest opinion
The long-awaited FCA update on the motor finance industry has sharpened the sector's focus on Difference in Charge (DiC) arrangements that can lead to higher interest rates for consumers.
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Finance 8 Mar
Consumer car finance volumes increased 1% in January, FLA reveals
Consumer car finance volumes increased 1% as the value of business rose by 6% during January, new figures released by the Finance and Leasing Association (FLA) show.
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Finance 1 MarHMRC's PCP car finance VAT changes could lead to PCH dominance
The HMRC has announced a policy change in the VAT treatment of PCP vehicle sales which is likely to have a major impact on the future of the car retail market.
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Market Insight 28 FebBuyers lean towards leasing to avoid big deposits
The days of car buyers paying large deposits for a new car could be numbered, according to Concept Vehicle Leasing.
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Supplier News 25 FebOodle Car Finance exceeded £3bn applications in 2018
Oodle Car Finance has celebrated that processing of over £3bn of car finance applications across its 168 car retailer partners during 2018.
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Supplier News 21 FebEvolution Funding expansion receives LDC investment
Evolution Funding has secured investment to support its expansion from mid-market private equity investor LDC, which will take a significant minority stake.
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Digital Marketing 20 FebCarwow, Motorline and Autorama adverts banned by the ASA
Carwow, Motorline and Autorama all came under the scrutiny of the Advertising Standards Authority (ASA) after complainants highlighted flawed claims about the savings they could achieve for motorists.
