finance
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People News 23 DecFormer Capital One COO appointed as Lookers non-executive director
Lookers has appointed former Capital One chief operating officer Victoria Mitchell as a non-executive director and Phil Kenny as its new general counsel and company secretary.
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Car Manufacturer News 23 DecMG partners with Santander Consumer Finance
MG Motor UK has signed Santander Consumer Finance as its sole motor finance provider for five years from January 1, 2020.
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Market Insight 19 DecConsumer car finance market declines 4% in October, reports FLA
The Finance and Leasing Association (FLA) has suggested that consumer confidence “should improve” in the automotive retail sector as uncertainty about the UK's economic outlook reduces in 2020.
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Finance 9 DecKew Vehicle Leasing embraces commission payment disclosure
Kew Vehicle Leasing claims to have become the first leasing broker to openly disclose the amount of finance commission it receives on all regulated Personal Contract Hire (PCH) agreements.
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People News 9 DecKeith Bell joins Evolution Funding from Barclays Partner Finance
Evolution Funding has appointed former Barclays Partner Finance (BPF) national accounts manager Keith Bell as its new sales director as part of a reshuffle of the motor finance provider’s sales team.
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Finance 9 DecCar finance opportunity still exists despite PCP revolution
Car retailers in the North East of England have the biggest car finance penetration success according to a new compiled survey of over 2,000 UK motorists, conducted by Opinium for InsuretheGap.com.
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Latest News 5 DecFix Auto launches finance scheme
Fix Auto UK has launched a new interest free finance scheme to help car owners fund vehicle repairs that they don’t want to claim on their insurance for.
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Supplier News 26 NovAutoProtect Group appoints new CEO and strengthens DealTrak ties
AutoProtect Group has appointed former Aviva managing director Matthew Briggs as its new chief executive after extending its portfolio of services with the acquisition of DealTrak.
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Market Insight 20 Nov
Intelligent Car Leasing launches car subscription service
Intelligent Car Leasing claims to have launched the market’s first broker-provided car subscription service in partnership with the Wagonex car subscription marketplace platform.
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Manufacturer 20 NovMazda Scrappage Scheme Upgrade Plan delivers £6,000 savings
Mazda is offering customers buying a car before the end of 2019 the chance to save up to £6,000 when they trade-in an older car through its newly-launched Scrappage Scheme Upgrade Plan.
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Finance 6 Nov
Consumer car finance market grew 4% in September, reports FLA
The consumer car finance market achieved year-on-year growth of just 4% by volume and 7% by value during September – despite last year’s WLTP-impacted decline.
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People News 23 OctOodle Car Finance appoints Andrew Lawson as chief product officer
Oodle Car Finance has appointed former Zopa and CapitalOne man Andrew Lawson as its new chief product officer on the back of the firm recently closing its £350m asset-backed securitisation (ABS).
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Finance 15 OctFCA looks to ban car dealers’ discretionary finance commission
The Financial Conduct Authority (FCA) has opened a consultation in a bid to ban car retailers’ discretionary finance commission model – saving UK car buyers an estimated £165 million a year.
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Supplier News 14 OctSantander Consumer Finance delivers digital solution for dealers
Santander Consumer Finance (SCF) has delivered an end-to-end online loan application solution for car dealers following a nine-month development programme.
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Latest News 11 OctCar finance options confuse UK consumers
Research from Zopa has shown that UK car buyers are confused when picking which car finance option is the best to fund their next purchase.
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Finance 10 Oct
FLA reports 2% car finance market volume decline in August
The Finance and Leasing Association (FLA) has reported that the automotive retails sector’s point of sale finance business declined by 2% during August.
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People News 8 OctEvolution Funding appoints head of consumer engagement
Evolution Funding will look to improve its consumer-facing motor finance proposition following the appointment of Kirsty Watson as head of direct to consumer engagement.
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Opinion 4 OctNew FCA regime highlights F&I professionals’ duty to ‘stay competent’
On December 9 this year, the Financial Conduct Authority’s (FCA) Senior Managers and Certification Regime (SMCR) for consumer credit firms – including motor finance sellers – comes into effect.
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Finance 27 SepFCA motor finance regulation must avoid ‘unintended consequences’
The Financial Conduct Authority (FCA) has to be sure that any regulatory changes introduced by the in light of its recent review of the motor finance sector “don’t have unintended consequences”.
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Supplier News 25 SepDealtrak appointments ‘bolster in-house expertise’
Dealtrak has added to the nine appointments and promotions announced in June with the addition of four new members of staff as it aims to ‘bolster its in-house expertise’.
