Automotive market innovators The Auto Block will aim to revolutionise the car sales process with the creation of the sector’s first ever cryptocurrency.
The Bank of England has announced a rise in interest rates from 0.5% to 0.75% following a unanimous decision by its Monetary Policy Committee.
Shifting car-buying entirely into the online arena is so incredibly complex that dealers will be around for a long time to come, but increased digitisation is essential if the sector is to meet consumer expectations according to iVendi chief executive James Tew.
Dragon2000 has partnered with Codeweavers to offer an “industry-first” finance integration into the firm’s dealer management system, DragonDMS.
The Financial Conduct Authority has revealed that its GAP insurance sales legislation has led to an average fall in car dealers’ sales of between 16 and 23%.
Half-way through 2018, some of the large volume car manufacturers are keeping APR rates at zero in the face of challenging market conditions.
Car leasing customers showed a desire to “take control” of their car acquisition with a surge in email enquiries of 44% during the first half of 2018, ContractHireAndLeasing.com has reported.
Over 4.7 million drivers are paying for car finance each month in the UK at the cost of £1.07 billion.
Honest John has called upon the government to abolish insurance premium tax from electric vehicles (EVs) after research highlighted how inflated premiums could be harming sales.
An estimated two million Brits regret “jumping straight-in” to the first finance deal offered without shopping around, research has revealed.
Car buyers’ ‘increasing arrears and default rates for customers with the lowest credit scores’ are among areas of consumer credit which remain a concern, the FCA has stated in its annual report.
Close Brothers Motor Finance employees have raised £31,000 for the NSPCC and Cancer Research UK by completeing a series of grueling challenges for charity.
Gerry Kouris of Alphera Financial Services outlines a need for a common approach to F&I training and accreditation and
The consumer new car finance market grew by 15% by value and 10% by volume year-on-year in May, according to the latest data from the FLA.
The Financial Conduct Authority (FCA) has issued 38 final notices to dealers in the first half of this year.
Renault has announced that between July 3 and October 1 it will offer 0% PCP finance across its entire range, with an additional £1,000 off part exchange.
Kia has put together a collection of deals for Q3 this summer including £1,000 off any of Kia’s three hybrid models if customers test drive and then buy.
Latest PCP pricing puts alternative technology on price parity with traditionally engined cars.
Arnold Clark has signed up with Smart Insurances services to supply their minor damage insurance product across its 200 branches in the UK.
BMW Group’s Alphera Financial Services has launched IMI-backed Quality Assured Programmes (QAPs) to ensure high standards in the sale of F&I products.
EMaC has launched a partnership with payments and consumer finance provider Klarna to offer a new ‘Drive Now, Pay Later’ programme designed to deliver a flexible aftersales offering for car dealers.
The number of UK drivers considering EV ownership has doubled in the past year according to Close Brothers Motor Finance's Britain Under the Bonnet report.
The Warranty Group has been acquired by New York-based insurance specialist Assurant in a move which aims to “further cement” its global lifestyle growth strategy.
Raphael Finance has quit the motor finance and asset finance markets.
While April’s 10.4% increase in new car registrations can be partly explained by the strength of offers in Q2
