CarFinance 247 plans to hire more than 125 additional people to meet the growing needs of the company as it responds to significant consumer demand.
Faster and more assertive decision making in relation to non-compliance issues are at the heart of a series of changes proposed by the Financial Conduct Authority (FCA).
UK-based electric vehicle (EV) subscription provider Onto has attracted a further £126 million in its latest funding round.
Haydock Stock Finance, a new division developed by Haydock Finance, have welcomed Andy Poole as its new regional manager.
Used car buyers are paying higher deposits on their motor finance deals to combat rising prices, according to new data from iVendi.
Electric vehicle (EV) leasing platform WeVee is now valued at $14 million (£10.1m) after its latest investment injection.
CarMoney has appointed Rachel Elliot as its new Midlands regional sales manager as it targets expansion in the area.
Motor finance companies and car dealers have borne the brunt of the COVID-19 pandemic, but how well have they overcome the challenge of motorists' 1.8 million requests for finance forbearance.
Allianz has become a strategic core investor in heycar in a move that will bring new investment and allow the online business to become “holistic and customer-centric mobility provider”.
Lenders and finance platform providers report increased online vehicle financing activity, albeit mixed with dealership interaction, although the trend is far more pronounced in used than new.
Six months on from the introduction of new Financial Conduct Authority (FCA) regulations, automotive retailers should be starting to see an impact on average commission levels as they adapt to a new way of working.
Bumper chief commercial officer Jack Allman speaks to AM editor Tim Rose about the aftersales finance provider's plans for 2021.
Consumer car finance growth of 327% by volume and 385% by value in May brought more evidence to back-up the Finance and Leasing Association’s (FLA) prediction of a “strong rebound” for the sector.
Startline Motor Finance has a launched the Startline Acadamy, a new remote learning platform to deliver training and wellbeing support to its staff.
The RAC has launched a new consumer leasing service to help drivers switch to electric vehicles (EV).
Evolution Funding Group has completed the acquisition of automotive software and digital services provider Click Dealer.
Payment Assist has been acquired by Australian-based fintech Openpay, in a move that is expected to boost the availability of buy now pay later (BNPL) finance in the UK automotive sector.
A 21% rise in finance applications was not what Alphera Financial Services head Preston Rogers anticipated when he was tackling the fall-out of COVID-19 in 2020 – but that is what the business delivered.
Evolution Funding hopes to accelerate its plans to lead digital change in automotive finance after appointing Daniel Reeve as chief technology officer.
Škoda’s new Enyaq electric vehicle (EV) is being made available with a new Lease&Care finance option which includes servicing roadside assistance and tyres.
The July Issue of AM magazine is here, with insights into Inchcape UK's downsizing, the "unprecedented" used car market, the impact of FCA revisions on dealers' point of sale finance, and more.
Cars2 has secured freehold ownership of its Bradford Hyundai dealership and funded a new Pure Cars premium used car showroom in Wakefield after refinancing its debt with Barclays.
Car dealership customers will be able to look at financing options without affecting their credit score due to a new partnership between Experian and Codeweavers.
A new leasing brokerage, Vavoom, has launched with a focus on helping consumers make the transition into electric cars.
The Finance and Leasing Association (FLA) has said that the consumer car finance market is expected to grow by 19% in 2021 and 22% in 22% following resurgent April trading.
