FCA action to tackle perceived “conflicts of interest and irresponsible lending” in motor finance must be proportionate and not harm vehicle sales, according to NFDA director Sue Robinson.
The Bank of England has confirmed that it considering more stringent regulations which would usher in strict affordability checks in a bid to avoid a PCP-prompted financial crisis.
An online finance checker delivered by iVendi has been enhanced to cover commercial vehicle dealers for the first time.
PCP deals dominated the plate-change month of March with 47.6% of new car buyers and 25.4% of used car buyers opting for the popular finance option.
Vertu Motors has rewarded the hard work of a Bradford-based accountant with special recognition at its annual Chief Executive’s Awards.
iVendi has moved its Wales head office to a Colwyn Bay premises four times the size of its previous base in Abergele.
Consumer car finance volumes fell by 2% in February according to new figures released by the Finance and Leasing Association (FLA).
March is make-or-break time for dealers and many businesses relied on strong finance offers to drive customers through their doors.
Paragon Car Finance’s latest biannual Headlight Report has revealed strong growth in the vehicle finance market during the second half of 2016 for the UK’s top 30 automotive brokers.
Dealers need to review customers' payment options carefully to avoid shrinking margins caused by recent changes in payment card charges introduced by the EU, according to audit and tax specialists RSM.
Half of consumers think car finance is too complex and confusing, according to a new survey commissioned by Intelligent Environments.
Finance intermediary Evolution Funding has launched two new company websites to give visitors a better understanding of the scope of its business.
Suzuki, Nissan and Dacia continue to maintain the lowest monthly prices for car finance offers in Q1.
Industry commentators fear combination of sub-prime lending, currency fluctuations and Brexit could prompt a fall in residual values.
DealTrak has partnered with used car finance provider Oodle Finance as part of a deal which will see the Leeds-based business’ clients access a wider range of products and services.
NextGear Capital UK expects to fund a total of 100,000 cars sales in 2017 after a record start to the year saw it fund 8,000 wholesale vehicles for its dealer customers in January alone.
MotoNovo Finance has been recognised in the Sunday Times 100 Best Companies to Work for as the 12th best mid-sized organisation to work for in the UK.
The recent closure of online used car marketplace Beepi.com points to why the dealer model can remain an integral part of car buying for many customers, according to Codeweavers.
There are many areas of motor retail that can be subject to VAT risk and failing to apply the right VAT treatment in these situations can lead to assessments for underpaid VAT and the threat of penalties and interest.
