Confidence in the 2020 car retail market was expressed by 98% of respondents to a Close Brothers Motor Finance in a survey to gauge the mood among the sector’s businesses.
Used electric cars pose a problem for the motor finance industry, which may not be ready in time for the Governments 2035 ban on the sale of petrol and diesel cars.
The Financial Conduct Authority (FCA) has fined automotive finance provider Moneybarn £2.77 million for failing to treat "vulnerable" customers fairly when they fell behind with loan repayments while in financial difficulties.
The Finance and Leasing Association (FLA) has reported a 3% increase in the value of new business in the car finance during 2019.
Motor traders have faced a dual challenge in the last year or so, reviewing their affordability assessments to meet new guidance from the FCA at a time of economic uncertainty.
A total of 1.15 million county court judgements (CCJs) during 2019, making it a record year of action against consumers in debt, the Registry Trust has revealed.
The internet has changed the way we act as consumers with digitally delivered convenience becoming a game-changer in how we expect products and services to be supplied.
Prestige vehicle financier JBR Capital has revealed the average value of a car it finances is almost £76,000.
The Finance and Leasing Association (FLA) has said that the used car finance market looks poised to deliver “record levels of new business” in 2019 as it revealed its results for November.
The Financial Conduct Authority (FCA) said, as part of its 2018/2019 Business Plan, it would strive to investigate the effectiveness and impact of its interventions into certain markets and industries.
The third Innovation Lab from BMW Group Financial Services UK is looking for applications from start-ups with ideas that will positively disrupt the wider motor finance industry.
Evolution Funding has strengthened its sales team with the appointment of four former Barclays Partner Finance (BPF) employees.
Lookers has appointed former Capital One chief operating officer Victoria Mitchell as a non-executive director and Phil Kenny as its new general counsel and company secretary.
Manufacturers have put together Black Friday, scrappage and swappage deals alongside retail finance offers to help dealer networks close out the year.
MG Motor UK has signed Santander Consumer Finance as its sole motor finance provider for five years from January 1, 2020.
Contract hire firm The Grosvenor Group is targeting the friends and families of its customers for growth with a new personal contract hire (PCH) service.
The Finance and Leasing Association (FLA) has suggested that consumer confidence “should improve” in the automotive retail sector as uncertainty about the UK's economic outlook reduces in 2020.
The new head of the Finance & Leasing Association (FLA) has urged reform of the 45-year-old Consumer Credit Act because it "is failing consumers" and is unfit for modern finance provision.
All new Minis will be sold with three months’ free insurance after BMW Group extended its partnership with fintech firm Wrisk to create a new Mini Flex Car Insurance product.
Kew Vehicle Leasing claims to have become the first leasing broker to openly disclose the amount of finance commission it receives on all regulated Personal Contract Hire (PCH) agreements.
Evolution Funding has appointed former Barclays Partner Finance (BPF) national accounts manager Keith Bell as its new sales director as part of a reshuffle of the motor finance provider’s sales team.
Car retailers in the North East of England have the biggest car finance penetration success according to a new compiled survey of over 2,000 UK motorists, conducted by Opinium for InsuretheGap.com.
Fix Auto UK has launched a new interest free finance scheme to help car owners fund vehicle repairs that they don’t want to claim on their insurance for.
Independent classic car sales specialist the Classic & Sportscar Centre is planning to build a 30,000 square foot purpose-built vehicle restoration centre after securing a seven-figure funding package from HSBC UK.
AutoProtect Group has appointed former Aviva managing director Matthew Briggs as its new chief executive after extending its portfolio of services with the acquisition of DealTrak.
