The consequences of the global pandemic have been profound. Like many other sectors, large swathes of the automotive industry had to scale back or even stop production in the early stages of COVID-19, with a gradual reopening as restrictions eased during 2020.
Nissan dealers can offer aftersales customers the option of interest-free payments for servicing and repair work as part of the brand's new partnership with Bumper.
Close Brothers Motor Finance has teamed-up with Auto Trader to launch a “motor finance industry-first data tool” offering consumer demand insight to car retailers.
The Finance and Leasing Association (FLA) has called for Chancellor of the Exchequer Rishi Sunak to announce a Green Finance Wholesale Guarantee and reform corporation tax to make green investments more affordable.
Former Chrysalis-Solmotive co-owner Paul Bennett has joined iVendi as senior vice president for international business and banking alliances as part of a plan to triple revenues within three years.
The volume of used car sales on point-of-sale motor finance was 7% lower than in Augut 2020, in a further sign of the lower levels of stock available to used car dealers.
Delegates at AM Live will learn how new finance technology can be used to help boost customer acceptance rates and increase Finance Conduct Authority (FCA) compliance at the same time.
The AM Awards 2021’s Best Finance or Leasing Brokerage award winner is a business looking to capitalise on the growth of the personal contract hire market and, since its launch, has grown rapidly.
Keyloop has completed the acquisition of automotive finance software specialist FISC to help car manufacturers and retailers better manage customer experience and retention.
A £1.7 million funding package from Santander UK has allowed The Car Sales Company Bury to open a new showroom and boost its workforce with the addition of 20 new staff.
A new data product from Starline designed to maximise finance opportunities is being rolled to dealer groups in Q4.
PIB Group is urging retailers to enhance the customer experience with unaccompanied test drives, whilst mitigating financial risk.
The Financial Conduct Authority has new powers to remove unused permissions from the Financial Services register more quickly.
The impact of car supply shortages has been blamed for a 20% decline in the volume of new business in consumer car finance in July.
V12 Vehicle Finance (V12VF) has provided £50m worth of stock funding for independent and franchised car dealers in the UK, achieving a finance milestone.
Alphera Financial Services has launched its new website to help improve the user experience for customers looking to self-serve their car finance online.
CarMoney has launched its new CarFinder service to help buyers secure the car they want at the they price they want to pay.
A round of £91.7m funding is being split between four projects aiming to find solutions to decarbonise commercial transport and tackle electric vehicle (EV) range anxiety
The Karshare community car-sharing app has announced a £3 million funding boost that will help support its expansion in UK cities.
Arnold Clark has rolled out Bumper’s aftersales payment services across its network of 160 dealerships in Scotland and England.
Car manufacturers have cut back on discounting in Q3 this year, with average deposit contributions falling by 18% to £1,704 quarter-on-quarter, according to the latest data from AM.
Verex Group has announced it will be providing branded insurance and accident management solutions for Genesis Motor UK.
A 23-year-old man was arrested on suspicion of drink driving after colliding the BMW 2 Series he was driving into the front of Bowker Motor Group‘s Porsche Centre Preston car showroom.
MotoNovo has promoted Karl Werner to managing director after its chief executive Mark Standish left the business as part of a restructure of the business.
Car buyers boosted the consumer motor finance sector’s volumes by 12% in June – a year on from the 2020’s easing of the UK’s first coronavirus lockdown.
