Close Brothers Motor Finance has expanded its sales team in England with nine new appointments.
Customers who have bought a car on PCP may find that dealers become stricter about end-of-life recharges as used vehicle values come under increasing pressure.
Car dealers are being urged to ensure they have an effective online finance offering.
The number of new cars bought by consumers on finance provided through dealerships increased by 13% in July, compared with the same month last year.
Lower volumes of corporate fleet vehicles in the UK over the last quarter has resulted in full auction halls supported by active online buyer attendance.
The first motor retailers received ‘landing slots’ for FCA credit authorisation in January of this year. Eight months on, dealers seem unfazed by the changes
The Floow, which provides telematics services to insurers, has won a contract with Renault-Nissan to deliver analytics using original data from future vehicles.
Car manufacturer data can help franchised dealers spot the right time to target finance renewals.
The more pre-regs that enter the market, the stronger price distortions become.
Car dealers are being warned to be sensitive to customer needs when selling PCP products in September, as complaints to the financial ombudsman have increased.
New GAP guidelines apply from September 1 and although providers are confident, some remain concerned about profits
UHY Hacker Young's automotive team has expanded with the appointment of Richard Higham as its corporate finance director.
Actor George Cole's death came as sad news, but the automotive industry may hope Arthur Daley can now be laid to rest, says Willem van Lynden of Boost Capital
Sturgess Motor Group has signed a deal to use a range of iVendi’s online motor finance tools to drive sales through its used car websites.
The Financial Conduct Authority has begun a thematic review of staff remuneration and incentives at firms offering consumer finance, such as car dealers.
Car dealer Lookers, number four in the AM100, has reported the seventh successive year of profit improvement in the six months to June 30, 2015.
Car owners that have kept their vehicle for over 10 years are coming back to the new car market due to strong PCP deals, according to Glass’s.
New car finance saw a 15% increase in June year-on year to 84,526 units, according to the latest figures from the Finance and Leasing Association (FLA).
In the face of changing manufacturer and customer preferences, a question emerges – could the car dealership be at risk of growing a little out of touch?
Smarter remarketing strategies will be needed by manufacturers and major vendors if they are to be successful in the used car market during 2016.
Black Horse has reported 18% net lending growth since 31 December 2014 and 33% year-on-year to £8 billion driven by strong levels of new business.
Mark Harrison, finance director at car dealer group Caffyns, has given the firm his notice of retirement.
AM has today announced it will once again host its popular F&I Compliance Conference following its hugely successful first one in 2014.
BMW Group Financial Services has appointed Preston Rogers as general manager of group brands in the UK.
The Financial Conduct Authority (FCA) is proposing that automotive retailers must show a claims ratio on all general insurance add-on sales as part of new measures it is looking to introduce.
