Research by MotoNovo Finance has revealed that digital platforms are proving an essential link in the retail chain for used car buyers.
Finance profit will be key to car retailers’ efforts to realise greater profit from used cars in 2019 as FCA scrutiny and greater influence from the market’s ‘disruptors’ continue to apply pressure.
MotoNovo Finance's online used car aggregator Findandfundmycar.com has reached 2,600 dealer sign ups since it s launch in 2018.
Changing appetites towards risk in unsecured lending could open opportunities for used car dealers in a £58bn market.
MotoNovo Finance has celebrated a 94.5-out-of-100 rating average from almost 290,000 car buyers who have rated its funding product.
MotoNovo Finance’s new online used car classified platform findandfundmycar.com has generated more than a million searches in its first two weeks of trading.
Moto Novo finance has launched its findandfundmycar.com classified advertising service built on a set of co-operative principals which aim to cut costs for car dealers.
Used car prices dipped by 1.2% as the second half of October showed ‘significant signs of a weakening market’, according to Cap HPI.
Sustained success in automotive retail will demand a more conservative reappraisal of residual values, according to MotoNovo.
The Consumer Credit Awards 2017 has recognised MotoNovo Finance as the ‘best car finance provider’.
MotoNovo Finance has called on the motor industry to make a stand against what it sees as misleading stories focusing upon dealer finance following coverage of a survey compiled by Confused.com.
MotoNovo Finance has been recognised in the Sunday Times 100 Best Companies to Work for as the 12th best mid-sized organisation to work for in the UK.
MotoNovo Finance has launched its Self-Service finance app, allowing customers to control the financing of their vehicle via a new online app.
Most of your customers visit your website and go on to buy cars using finance – make their journey as easy as possible.
The immediate post-Brexit economic concern has started to give way and consumer confidence is on an upward trajectory.
MotoNovo Finance’s unique MotorV8 measurement and reward programme, which evidences dealerships’ FCA compliance, is now benefiting over 3,000 dealers.
MotoNovo has appointed Mark Standish as group chief executive with Karl Werner stepping up to the new role of divisional chief executive of its motor division.
MotoNovo Finance is preparing to more than double its staff headcount as it relocates to all-new premises within the Central Cardiff Enterprise Zone.
Customer reviews are becoming a key component when giving a dealership stand-out online identity, MotoNovo Finance’s head of sales and marketing claims.
Two AM100 car dealers have come in first and second position in the Sunday Times Best 100 Companies To Work For survey.
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