Startline’s Used Car Tracker has revealed that 63% of dealers have changed the types of cars they are stocking in response to the cost-of-living crisis.
The growth leaders for UK new car registrations are offering models with an average monthly personal contract purchase (PCP) price of just £230.50.
Over a third of motorists plan to abandon their cars in favour of public transport if fuel prices continue to rise above their current average of over £100 for a tank of petrol.
Paragon Bank’s Motor Finance division has more than doubled the amount of car retail lending during the first half of its financial year.
Automotive aftersales finance provider Bumper has appointed Snap-on Business Solutions’ Nick Squire as its new international sales and partnerships manager.
The Finance and Leasing Association (FLA) still expects a Q2 rise in car buying activity, despite expectations that spending will slow amid rising inflation, interest rates, and taxes.
National Franchised Dealers Association (NFDA) chief executive Sue Robinson has welcomed Government’s decision to reform the Customer Credit Act – branding it “outdated”.
Citroen has announced a PCP deal for its Ami electric quadricycle, starting from £19,99 per month.
Close Brothers Motor Finance have raised £35,000 for the Make-A-Wish Foundation and Cancer Research UK through a series of fundraising events.
Peter Vardy's CarMoney is set to open its first regional sales and administration office in Dundee in response to rising consumer demand.
MotoNovo Finance has promoted Matt Lucas to the newly created position of head of partnerships & transformation.
iVendi has created new business units and has appointed new country directors in France and Spain.
A nationwide survey by Alphera Financial Services has found that most UK car buyers are not ready to fully finalise their car finance agreements online.
Automotive finance company Oodle has been recognised as an industry ‘game-changer’ at this year’s Car Finance Awards.
Motorists are reducing their travel expectations and leasing more affordable new cars over longer periods in response to the emerging cost-of-living crisis.
The May Issue of AM magazine is here, packed with the latest news on the digital disruptors, insights into motor finance's digitalisation, and the full citations of all the 2022 AM Awards winners.
Candid online used car and van descriptions that highlight scratches, dents and other minor damage are a key lesson from digital disruptors for dealers, says iVendi.
The squeeze on household incomes and continued new car supply constraints mean that the UK’s car finance sector is likely to be restricted to ‘single-digit growth’ in 2022, the FLA has said.
Zuto plans to recruit 150 new team members this year, following a period of rapid growth.
Dealers are being warned to stop using misleading terms in their adverts, by the Financial Conduct Authority (FCA).
Motor finance company, Oodle, has announced changes to its leadership team, including the appointment of Richard Gaskin as chief executive designate.
Tara Williams, chief risk and compliance officer, AutoProtect Group, shares some insights into the likely impact of the Financial Conduct Authority shining the spotlight on finance and insurance's appointed representatives and their principals.
Used car retailers have been urged to focus on accelerating their electric vehicle (EV) stock holding to around 10% of their forecourts in a bid to embrace an inevitable rise in demand for pre-owned EVs.
Close Brothers Motor Finance has appointed Alex Griffin as director of product.
It’s just over two years since the UK first went into lockdown and it’s safe to say we’re all continuing to feel the impacts of the pandemic.
