Alphera Financial Services has appointed former BMW Motorrad Financial Services and MINI Financial Services regional manager Daniel Temple as its head of sales development.
The Financial Conduct Authority (FCA) will “pull no punches” when its sets new guidelines for the car retail sector’s Appointed Representative (AR) model for financial services.
The Finance and Leasing Association (FLA) has revised down its 2022 car finance market growth projections as the squeeze on household incomes and vehicle supply restrictions bite.
An online car finance start-up created by a team of British and Ukrainian former Movebubble and Zoopla executives has attracted £27 million in venture capital funding.
ITC Compliance, a UK intermediary Financial Conduct Authority (FCA) Network, has been purchased by Fortegra Group, a global speciality insurer.
The Financial Conduct Authority (FCA) is cracking down on problem firms with a larger team.
The online automotive aftersales payment specialist Bumper has appointed carwow founder and chief executive James Hind as a non-executive director.
Evolution Funding has partnered with Codeweavers to help dealers deliver a ‘more streamlined’ finance journey to customers.
A leasing business has analysed pricing data and found that driving a battery electric car on a lease is cheaper than funding the EV on PCP (personal contract purchase).
Oodle Car Finance has welcomed Paul Woodhead as new head of group aftercare.
JBR Capital has launched a new sustainability initiative, in partnership with Carbon Neutral Britain, to reduce the environmental impact of its clients’ cars.
Car dealers holding Asian brand franchises such as Kia, Hyundai, Toyota and Lexus seem most content with the competitiveness of their new car finance offers.
Peter Vardy’s CarMoney motor finance business has moved into 9,000 square feet of new office space as it plans to boost staff numbers this year.
Newly-appointed Close Brothers Motor Finance sales director Lisa Watson has said she is excited to make a start after seeing the speed of “rapid transformational changes” at the business.
Paragon Bank managing director of motor finance Julian Rance believes a more coherent plan on developing the charging infrastructure, plus insight into the Government’s tax agenda, should propel electric vehicle (EV) adoption.
The Bank of England’s decision to raise interest rates to 0.75% have been criticised for placing “more pressure on household finances” - and will hit the car retail sector's overhaeds too.
Almost one in two motor finance applications made during 2022 will happen online, according to new figures compiled by iVendi.
Car buyers looking to change their car in the coming months are increasingly shopping with a monthly, rather than total, figure in mind.
The Finance and Leasing Association (FLA) has warned that inflation could peak at 8% in the first half of 2022 after the global economic outlook weakened following Russia’s invasion of Ukraine.
New terms on buy-now-pay-later (BNPL) finance products introduced by the Financial Conduct Authority (FCA) have resulted in late payment fees being refunded to customers.
The consumer car finance market grew 2% by volume and 13% by value in December to complete a 2021 “rebound” despite the headwinds of COVID-19 and vehicle supply shortages.
Bumper has expanded its executive team with four new appointments to prepare for the next stage of its growth in automotive payments.
Paragon has launched a new finance proposition for commercial vehicle dealers, to complement existing manufacturer offers.
Paragon Bank’s Motor Finance managing director Julian Rance has suggested that used car values will remain robust for "three to four years" as elelctric vehicles (EV) start to dominate registrations.
The Peter Vardy Group’s CarMoney motor finance operation is aiming to boost its presence in the North East with the appointment of Owain Thompson as regional sales manager.
