Payment Assist has been acquired by Australian-based fintech Openpay, in a move that is expected to boost the availability of buy now pay later (BNPL) finance in the UK automotive sector.
A 21% rise in finance applications was not what Alphera Financial Services head Preston Rogers anticipated when he was tackling the fall-out of COVID-19 in 2020 – but that is what the business delivered.
Evolution Funding hopes to accelerate its plans to lead digital change in automotive finance after appointing Daniel Reeve as chief technology officer.
Škoda’s new Enyaq electric vehicle (EV) is being made available with a new Lease&Care finance option which includes servicing roadside assistance and tyres.
The July Issue of AM magazine is here, with insights into Inchcape UK's downsizing, the "unprecedented" used car market, the impact of FCA revisions on dealers' point of sale finance, and more.
Car dealership customers will be able to look at financing options without affecting their credit score due to a new partnership between Experian and Codeweavers.
A new leasing brokerage, Vavoom, has launched with a focus on helping consumers make the transition into electric cars.
The Finance and Leasing Association (FLA) has said that the consumer car finance market is expected to grow by 19% in 2021 and 22% in 22% following resurgent April trading.
The UK’s biggest leasing comparison site, Leasing.com, has partnered with Bauer Media to become the exclusive provider of leasing deals with its motoring enthusiasts' brand CAR.
Bumper, formerly Auto Service Finance, has secured a £10m flexible working capital facility from Secure Trust Bank Commercial Finance.
The most recent Auto Trader Market Report (November 2020) which investigates the long-term trends in digital retailing, shows that consumer appetite towards buying online is increasing.
Vanarama has launched a leasing proposition with one year’s free fully comprehensive car insurance across its range of ‘hot offer’ cars on its website.
The Financial Conduct Authority (FCA) is set to focus its efforts on clarifying the terms and conditions of finance agreements and making it easier for customers to complain in a new Customer Duty.
Former Audi UK sales manager Matt Solven and Dan James have been appointed to the board of Volkswagen Financial Services UK (VWFS).
UK Government’s surprise decision to cut the plug-in car grant came out of the blue in March, but there are a strong set of incentives in place for electric vehicle (EV) buyers for Q2.
AutoProtect Group has appointed former Manheim and Aston Barclay managing director Tim Hudson to the newly-created role of chief sales and marketing officer.
Bumper, which rebranded last month from Auto Service Finance, has launched its interest-free payment platform for car repairs and servicing in Ireland.
V12 Vehicle Finance (V12VF) has named David Nield as its new managing director, replacing David Mercer.
Almost a quarter of Brits (23%) see themselves driving an electric vehicle (EV) by 2026, according to research by Volkswagen Financial Services UK (VWFS).
Digital finance processes are allowing car retailers to “shave more and more time off the online motor finance process” and improve customers’ retail experience, says Startline Motor Finance.
