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.
Consumer car finance volumes increased 1% as the value of business rose by 6% during January, new figures released by the Finance and Leasing Association (FLA) show.
The Finance and Leasing Association (FLA) has promoted its motor finance apprenticeship standard through its network during National Apprenticeship Week.
Recently-launched Leasing.com has revealed that Mercedes-Benz “dominated” its league table for the personal contract hire market.
The effect of changes announced by HMRC this week relating to how VAT applies to PCPs will be “limited” as long as sensible residual values are being set by finance companies, says Startline Motor Finance.
Motor industry groups have given a mixed response to yesterday’s report from the Financial Conduct Authority, which highlighted certain dealer reward structures in motor finance and a need for clarity about commission payments.
The HMRC has announced a policy change in the VAT treatment of PCP vehicle sales which is likely to have a major impact on the future of the car retail market.
The days of car buyers paying large deposits for a new car could be numbered, according to Concept Vehicle Leasing.
Oodle Car Finance has celebrated that processing of over £3bn of car finance applications across its 168 car retailer partners during 2018.
Evolution Funding has secured investment to support its expansion from mid-market private equity investor LDC, which will take a significant minority stake.
