There has been a lot of adverse publicity around Personal Contract Purchase in recent months, much of which is technically incorrect and some of which is blatant journalistic sensationalism.
AM asks industry experts to assess the risks facing motor finance in the UK. This week: Adrian Dally, head of motor finance, Finance and Leasing Association.
Prepared car dealers can minimise risks to the finance market – whether from competitors, regulation or market pressures.
Synergy Automotive is meeting the growing demand for its services with six new appointments.
CitNOW has been ranked 176 in Financial Times fastest-growing companies in Europe.
The new car sales boom depends on cheap, available finance, but storm clouds are visible on the horizon.
To dispel doubt about the stability of the motor finance market, finance houses and trade bodies need to be more transparent.
Mike Dennett, managing director of BMW Financial Services, on how PCPs affect the market, the impact of the FCA and BMW’s digitally disruptive partners.
Online finance broker Zuto has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain.
Peer-to-peer lending company RateSetter has acquired sub-prime vehicle finance provider Vehicle Trading Group out of administration.
Oodle Finance and Carsnip have teamed up to form a new partnership which guarantees car dealers commission payments from sales made via the online retail platform.
New business in the point of sale (POS) consumer new car finance market grew 13% by value and 5% by volume in March, compared with the same month in 2016.
MotoNovo Finance has called on the motor industry to make a stand against what it sees as misleading stories focusing upon dealer finance following coverage of a survey compiled by Confused.com.
Auto Trader is aiming to help dealers attract a bigger finance audience with the introduction of trade adverts featuring an offer-driven finance calculator.
DealTrak has moved its operation to the former home of Google’s Digital Garage at the heart of Leeds Dock.
A significant contributor to the impact of the 2008 crash was the fact that firms had failed to have honest conversations internally about their potential exposure.
The PCP industry is booming. Thousands of drivers every year walk off the showroom forecourt with a brand new motor and a freshly signed PCP agreement to go along with it.
Motor finance provider Raphael Finance has invested in a range of new tools for its underwriting team with a focus on the used car customer experience at point of sale.
An investigation into finance in the automotive sector has slammed used car dealers for a “£1.4 billion a year rip-off” after comparing the deals offered by 100 retailers across the UK.
Paragon Car Finance’s latest Headlight Survey has revealed that finance brokers fear the effects of online finance solutions on their volumes of business in the long term.
