Alphera Financial Services has released the second instalment of its industry research report, ‘Financing the Car of the Future’.
Point-of-sale new car finance grew by 10% by value and 5% by volume in June, according to the latest figures from the Finance & Leasing Association (FLA).
Customers will be more open to warranty and insurance products as they crave greater security amid the uncertainty of post-Brexit Britain.
Motor finance specialist Moneyway has seen its lending balances rise by 35% in the last 12 months, according its latest financial results.
Black Horse is expecting to see increased challenges in the second half of this year as the regulatory and economic climate becomes more uncertain.
Startline Motor Finance has appointed Kelly Ventham as its northern regional sales manager as the business continues in its “growth phase”.
Peugeot is hoping its facelifted 2008 SUV will give its 66-plate registration sales campaign a boost in September.
GAP and motor-related insurance providers have been identified by the FCA as among principal firms failing to properly supervise appointed representatives.
The Financial Conduct Authority has fired a warning shot for general insurance firms acting as principals for appointed reps, after it found shortcomings.
Motor finance technology specialist iVendi has appointed Phil Harding to head up its marketing operations after expanding its client base from less than 3,000 to over 7,000 in the past year.
Close Brothers Motor Finance is looking to grow its business this year with the help of used car PCPs in the independent dealer market.
RCI Financial Services has appointed Verex to manage motor insurance schemes for Renault and Dacia as the brands introduce new seven day and annual policies.
Toyota has launched a new application to allow customers to manage their finance agreements online at any time of the day or night.
The National Franchised Dealers Association has welcomed the Bank of England’s decision to hold interest rates at 0.5%.
The cost of failing to check customers’ eligibility for motor finance early in the sales process is costing the average dealership almost £8,000 per salesman each year, according iVendi.
Motor finance provider Moneyway has appointed Richard Cox as its new head of operations.
Point of sale (POS) consumer used car finance on new business grew 22% by value and 18% by volume in May, compared to the same month in 2015.
Oracle Asset Finance Ltd has appointed former Barclays, Direct Line, Nat West and RBS man Mark Catton as its new chief executive.
BMW Group Financial Services launches an Innovation Lab to attract start-up firms with disruptive technologies that can help develop new financial products.
PCP finance could be the next mis-selling scandal if salespeople haven’t been clear at the sale, warns The National Association of Commercial Finance Brokers.
Showroom finance sales for new cars rose by 12% in April, according to Finance & Leasing Association figures. By value, it was 17% ahead of April 2015.
BMW UK is preparing to extend its award-winning Retail Online offering to new MINI sales and a specialist used platform for both BMW and MINI brands.
Fears about the effects of a flood of used cars in a market propped-up by PCPs could mean that we are currently living in “the good old days”, a financial analyst has suggested.
Alphera has seen the majority of plug-in vehicle customers opt for personal contract purchase (PCP) as the method for financing their vehicles, rather than the industry’s expectation for personal contract hire (PCH) to be the preferred method.
Alphera Financial Services director Spencer Halil says it will adapt to challenges in the point-of-sale market by sharing knowledge and thought leadership.
