“Car dealers need to make their pretty websites into e-commerce platforms”, iVendi chief executive James Tew has insisted following the publication of the finance specialist’s first-ever Report on Online Motor Retailing.
Alphera Financial Services has picked up two awards for its innovation and customer service at separate industry events.
The new and used car markets can be a bit of a challenge during the month of April with plenty of distraction for the retail consumer often leading to a patchy month in terms of both demand and sales.
Santander Consumer Finance (SCF) has been selected by McLaren Financial Services to be its exclusive financial partner for the UK market - paving the way for flexible finance on the British-built supercars.
PCP car finance offers continued to dominate the sector in April with a 21% increase in volumes over the same period in 2017, enquiryMAX has revealed.
Startline Motor Finance has seen franchised car dealerships achieve 50% penetration with a new “flexible prime” PCP product launched only last month.
The number of used car buyers saddled with outstanding finance on their new vehicle rose from one-in-four to one-in-three during 2017, claims HPI.
If you ask the average consumer about car insurance, it’s very possible the answer will include an audible huff of frustration, followed by an expression of exasperation.
A study of dealer sales has shown that an effective customer contact strategy could increase customer retention rates, despite a falling market.
The majority of motorists don’t know that dealers’ sales staff should discuss their financial details when buying a car in finance.
Inchcape UK has enhanced its technician benefits package with a personal tool insurance up to the value of £20,000.
NextGear Capital has provided £50million in stock funding to hundreds of UK dealers thanks to a partnership with Dealer Auction.
Car dealers can improve business retention rates through the use of a dedicated customer contact strategy – even in a declining market.
When looking at the performance drop in Q1 2018, it has to be through the prism of many brands posting record figures over the same period last year.
Independent retailers offering PCP funding on used cars have an opportunity to grow their sales during 2018 but may be challenged by new contract hire companies, according to Adesa Remarketing.
Close Brothers Motor Finance has announced the appointment of a new chief executive Rebecca McNeil, who will also join the business's executive committee.
Drive-Hive made its official industry debut this week, claiming that it can provide an “all-inclusive” lending solution that could convert car dealer's finance refusals into three-year revenue streams.
A new data engineer and data scientist have been appointed at online finance specialist iVendi as the business aims to gain greater insight from its online motor retail data.
Blue Motor Finance has been named as the 21st fastest growing business in Europe in the Financial Times' annual FT1000 listing.
BMW has teamed up with mobility provider Drover to offer vehicles on a pay-as-you-go basis from £131-per-week.
Vauxhall Finance has launched Personal Contract Hire (PCH) and Business Contract Hire (BCH) in a move designed to boost SME business sales within the brand's UK dealer network.
The Financial Conduct Authority has re-stated its intention to focus on transparency, affordability and car dealers' comission arrangements in its Business Plan 2018/19 as an investigation continues into the motor finance sector.
Consumers typically pay 68% more on the advertised price of a car when using finance compared to those paying outright, according to Auto Trader.
The used car market performed surprisingly well during March despite the best efforts of the continued bad weather to disrupt it.
The Financial Conduct Authority (FCA) has warned it will take action against insurance firms failing to to promote transparency and shopping around.
