Paragon Bank has appointed Yolande Eastwood as commercial vehicle dealer finance manager, responsible for managing the South of England and Wales regions.
Paragon Bank’s Motor Finance division has more than doubled the amount of car retail lending during the first half of its financial year.
Paragon has launched a new finance proposition for commercial vehicle dealers, to complement existing manufacturer offers.
Modern car buyers bring new expectations, but also new opportunities for franchised dealerships.
Paragon has launched a new financial services website to align all savings, lending and motor finance offerings.
Nearly 30% of brokers expect a decrease in diesel sales this year because of the recent media scares on the pollutions risks and possible financial penalties.
Paragon Car Finance’s latest biannual Headlight Report has revealed strong growth in the vehicle finance market during the second half of 2016 for the UK’s top 30 automotive brokers.
Paragon Car Finance has changed its terms to allow finance to be extended to older vehicles.
The results of Paragon’s latest Car Finance Headlight Survey show that 62% of brokers have experienced growth in used car applications as 48% highlighted growth in new during H1, 2016.
Paragon Bank's motor finance arm has hired former Barclays Partner Finance and Close Brothers Motor Finance staff to help grow its dealer and broker base.
The majority of the UK’s largest motor finance brokers expect new car registrations will slip into neutral over the course of 2016.
Paragon Automotive has appointed Jamie Scott as its head of new business and strategy for remarketing.
Paragon is injecting £4.7 million into the business over the next 12 months to build its capacity and support its growth plans.
Kia Motors UK has awarded Paragon two new contracts to support both new car storage and preparation, and de-fleet storage and preparation.
Confidence levels amongst car buyers is “buoyant” with customers replacing financed vehicles more often - and they are willing to pay more each month.
Paragon Automotive has appointed Ian Carlisle as its new group chief executive officer.
