David Mercer, the MD of V12 Motor Finance, explains its new way of blending auction services, dealer funding and end-consumer finance for vehicles and repairs
Glasgow-based near-prime lender Startline Motor Finance has secured a new £325 million credit facility from multinational investment bank J.P.Morgan.
Cost controls and transparent performance updates are essential to retain lenders’ confidence in a struggling economy
The Bank of England has announced a rise in interest rates from 0.5% to 0.75% following a unanimous decision by its Monetary Policy Committee.
Online car retail portal Tootle raised £2.5m of funding via an investment round led by Hambro Perks, bringing the total amount raised for the start-up to £4.3m.
Go Ultra Low has broadened the appeal of its EV promotions campaign with the announcement that 100 companies have joined its cause - demonstrating their commitment to run eco-friendly fleets.
Sandicliffe Motor Holdings has revealed that it is eyeing “growth opportunities across the East Midlands region” after securing an £11m funding facility from Lloyds Bank Commercial Banking.
A multi-million pound private investment fund has been created by a consortium of experienced automotive investors who want to help entrepreneurs establish their own franchised car dealerships.
Tesla has announced a bond sales which will attempt to raise £1.15 billion needed to fund the “rapid scaling” required to ramp-up production of its Model 3 EFV saloon.
Carwow has raised $39 million (£29.7m) through a round of financing which will be used to further accelerate growth in the UK and internationally.
The National Franchised Dealers Association (NFDA) has written to HM Treasury and the Department for Business to highlight the ‘serious impact’ of debit card charges on dealers.
The SMMT has revealed that UK automotive manufacturers turned over a record-breaking £77.5b in 2016.
NextGear Capital has funded more than £1 billion worth of vehicles since its launch in 2014.
Fleet leasing and funding firm Zenith has been sold by HG Capital to private equity firm Bridgepoint for £750 million.
Perrys Group has secured a £40 million refinancing from Lloyds Bank Commercial Banking.
Business Enterprise Fund cash is allowing Reynolds Ford of Selby to boost its stocking policy and completely re-design and develop its website.
Stock funding provider Next Gear Capital has said dealers’ used car buyers are becoming increasingly “discerning” stock condition.
UHY Hacker Young's automotive team has expanded with the appointment of Richard Higham as its corporate finance director.
Actor George Cole's death came as sad news, but the automotive industry may hope Arthur Daley can now be laid to rest, says Willem van Lynden of Boost Capital
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