The number of dealers that are ‘optimistic’ about the used car market has fallen to just 12%, this month, a drop of 21% from the previous month.
Vehicle supplies, compliance and new mobility are considered the three top challenges facing car retailers in 2022, according to the Startline Motor Finance’s first monthly Used Car Tracker survey.
New monthly research looking at consumer and dealer sentiment in the used car market will be launched in mid-April by Startline Motor Finance.
Startline Motor Finance has appointed Andy Smithson to the new role of head of internal control, compliance and legal relay.
Startline Motor Finance has completed a £292m London Stock Exchange-listed securitisation to fund growth and future-proof it with a move into electric vehicle (EV) funding.
A new data product from Starline designed to maximise finance opportunities is being rolled to dealer groups in Q4.
Startline Motor Finance has a launched the Startline Acadamy, a new remote learning platform to deliver training and wellbeing support to its staff.
Digital finance processes are allowing car retailers to “shave more and more time off the online motor finance process” and improve customers’ retail experience, says Startline Motor Finance.
Demand for used cars is starting to accelerate as buyers look to make post-lockdown purchases, according to Starline Motor Finance.
Dealers can improve their used car sales performance during lockdown by offering buyers a simple online transaction process.
Technology and processes that allow for real-time online decisioning are set to be a key factor for the motor finance sector in 2021, Startline is predicting.
Startline Motor Finance has secured a £375 million credit facility from J.P.Morgan in what is the third renewal and upsize of the facility between the two companies.
Dealers need to be considering their lending panels to ensure they are fit for the COVID-19 coronavirus era used car market, says Startline Motor Finance.
Startline Motor Finance is expanding its team with 10 new positions, following a record three-month trading performance.
Car buyers who reined-in their spending during the COVID-19 lockdown period have returned to the market with improved credit ratings and higher budgets, research suggests.
Car dealers will return to a trading environment where tradition motor finance credit checks have reduced relevance as a result of cash-boosting measures introduced to boost personal finances.
Almost half of car dealers expect to deliver growth in the coming 12 to 18 months despite the uncertainty surrounding the impending General Election, Brexit and the roll-out of electric vehicles (EV).
Large majority of car-buyers have confidence in dealer’s point-of-sale finance products, but online change is coming, finds study
Startline Motor Finance has appointed former Santander UK man John Bannerman as its new head of customer services.
Car buyers will demand greater flexibility from their car finance agreements in the event of a hard Brexit, according to Startline Motor Finance.
