Strong demand and rising used vehicle volumes drove BCA Partner Finance to a record month, with over 500 units a day being funded throughout January.
Park’s Motor Group has turned to Cooper Solutions’ FullCover solution in a bid to streamline its courtesy car and test drive services.
New business in the point of sale (POS) consumer car finance market grew 12% by value and 8% by volume in 2016.
Mitsubishi Motors UK has recruited a new head of sales and marketing for its in-house finance operation, Shogun Finance Limited.
MotoNovo Finance has launched its Self-Service finance app, allowing customers to control the financing of their vehicle via a new online app.
Mitsubishi Motors in the UK has launched 0% APR higher purchase and 5.9% APR representative PCP finance offers in a bid to attract buyers to the recently revised model range.
Recently-established Oodle Finance has secured £60 million of investment to help it roll-out a funding solution for customers from the full range of credit profiles.
Industry-recognised metrics are needed to help car dealers measure impact of their online motor finance offering, according to iVendi.
Fleet leasing and funding firm Zenith has been sold by HG Capital to private equity firm Bridgepoint for £750 million.
Car finance products have been highlighted as a key driver of profits as 65% of car dealers told a survey by Close Brothers Motor Finance that they expected to achieve growth in 2017.
A wave of new car price increases prompted by the weakness of the pound should place a new degree of emphasis on more effectively promoting motor finance, says iVendi.
The FCA has begun its publication of data about claims frequencies, claims acceptance rates and average claims pay-outs in a bid to make the value of products more transparent for consumers.
Startline Motor Finance has appointed Sara Copeland as its first head of human resources after its team swelled to 55.
There are many areas of motor retail that can be subject to VAT risk and failing to apply the right VAT treatment can lead to assessments for underpaid VAT and the threat of penalties and interest.
According to the Finance and Leasing Association (FLA), in the twelve months to August 2016 2.2 million new and used cars were bought on finance by consumers through dealerships.
Hyundai Motor UK has reappointed Verex to operate its customer motor insurance and accident aftercare programmes.
New business in the point of sale (POS) consumer new car finance market grew 13% by value and 7% by volume in November, compared with the same month in 2015.
Whether car dealers like it or not, compliant F&I is a must, and many see self-service as the key.
Perrys Group has secured a £40 million refinancing from Lloyds Bank Commercial Banking.
The Finance & Leasing Association has won government approval to develop a motor finance specialist apprenticeship standard for the motor finance industry.
McMillan Shakespeare Ltd’s Maxxia UK operation has added Midlands-based Capex Asset Finance Limited finance broker to its growing portfolio of companies.
Independent dealers look set to become the growth area for online motor finance during 2017, according to iVendi.
The best advice from the F&I theatre at Automotive Management Live - sponsored by Car Care Plan and Alphera
The best used car stock is now largely being sold online in a ready-to-retail condition to dealers.
Changes at the top at Moneybarn are set to see Shamus Hodgson move from his current role as commercial director to the position of managing director.
