Growth in used car finance drove a positive month of sales in April, according to lead management experts Dealerweb.
The Finance and Leasing Association (FLA) has revealed that the point of sale (POS) consumer car finance market fell 1% by volume in March, compared with the same month in 2018.
A suspected hammer attack has caused an estimated £25,000 worth of damage to more than 30 vehicles on a used car retailer’s forecourt.
Dealerweb has appointed Heather Upchurch as the company’s first chief technology officer to support the next phase of growth.
The Finance and Leasing Association (FLA) has relaunched its Specialist Automotive Finance (SAF) programme with an improved range of training options for dealership staff.
There needs to be a sweeping change in the role of technology both at the point of sale and online, placing consumers in control of their finance experience and just as importantly to provide lenders with a rigorous record of the customer’s finance buying experience.
PPI continued to account for the vast majority of complaints received by the Financial Conduct Authority (FCA) as the overall number of consumers demanding redress declined by 5% in the second half of 2018.
Despite the delay to Brexit and a broadly flat Q1 for private registrations (down 0.8%), UK customers are continuing to buy cars.
Long lead times for new cars are causing a boom in medium-term rental, as PCH customers need vehicles to keep mobile.
The rise of personal leasing has been blamed for a rise in the volume of sub-standard repair work seen on used cars by remarketing operations, according to the Vehicle Remarketing Association (VRA).
Santander Consumer Finance (SCF) has announced the release of an enhanced renewals platform which offers free training for car dealerships' sales staff.
The Society of Motor Manufacturers and Traders (SMMT) has expressed concerns that the Government’s six month Brexit extension has extended the current period of uncertainty for the automotive sector.
Blue Motor Finance has launched a new tailored stock lending product to support small independent motor dealers.
Car consumers have been turning to shorter lease lengths with less money upfront amid Brexit and general new car market uncertainty, new data from Leasing.com suggests.
The Finance and Leasing Association (FLA) has revealed that new business in the point of sale (POS) consumer car finance market increased 2% by volume and 6% by value in February 2019.
The introduction of GDPR over the last 12 months appears to be behind a slight increase in online motor finance conversion rates, says iVendi.
Brexit, a global slowdown and confusion over the future of diesel vehicles have combined to create a crisis of consumer confidence which may have driven 2.4 million motorists away from a new car purchase.
The Finance and Leasing Association’s (FLA) director general Stephen Skarloff will leave the organisation later this year after spending twelve years in the post.
Startline Motor Finance is celebrating after generating a 20% increase in business volumes during Q1 of 2019 – with PCP penetration in the used sector cited as a key driver.
A YouGov survey commissioned by The Motor Ombudsman has revealed that 47% of car owners are unaware that they can extend the vehicle manufacturer’s warranty once it expires.
Up to 50 new jobs are due to be created by Startline Motor Finance this year as the business transfers its customer services function in-house.
The Financial Conduct Authorities (FCA) Motor Finance Review has finally arrived. The eagerly awaited and long overdue investigation into auto finance has revealed what many in the industry had predicted.
The FCA’s executive director of supervision for retail and authorisations has warned its focus on affordability, business models and culture will not shift.
Northridge Finance has achieved a year of record growth, lending £1.1bn and increasing its funded fleet to 8,000 vehicles with Marshall Leasing.
The long-awaited FCA update on the motor finance industry has sharpened the sector's focus on Difference in Charge (DiC) arrangements that can lead to higher interest rates for consumers.
