Single point dealer processes that track motor finance activity could prove essential to meeting the Financial Conduct Authority's (FCA) Consumer Duty principle, says iVendi.
Consumer behaviour is constantly evolving particularly in a volatile and fast-changing market so it has never been more vital to deliver a bespoke car buying experience, says iVendi’s chief commercial officer Darren Sinclair.
Car retailers have been told “there can be no compromise” when it comes to the technology leveraged to ensure compliance with the Financial Conduct Authority’s (FCA) new Consumer Duty.
Two new vice president positions have been created at iVendi, to support its growth ambition to double revenue within three years.
A new iVendi whitepaper is aiming to help car dealers improve their online experience and bridge gap between to retailers Amazon, John Lewis and eBay.
iVendi has created new business units and has appointed new country directors in France and Spain.
Automotive finance company Oodle has been recognised as an industry ‘game-changer’ at this year’s Car Finance Awards.
Candid online used car and van descriptions that highlight scratches, dents and other minor damage are a key lesson from digital disruptors for dealers, says iVendi.
iVendi has outlined a five point plan to help dealer maximise their online presence as the used car market begins to lose growth momentum.
IVendi has promoted five staff members to newly-created vice president positions as part of its growth strategy.
Almost one in two motor finance applications made during 2022 will happen online, according to new figures compiled by iVendi.
Dealers and other automotive businesses are being warned of “a period of heightened risk” of cyber-attacks.
The UK’s established used car retail operators will continue to dominate the sector after ramping up their breadth of services to see off new market disruptors such as Cazoo and cinch, iVendi has said.
Used car dealers need to collaborate with motor finance partners to effectively compete with new digital disruptors, says iVendi.
Delegates at next week's AM Live car retail expo will hear connected retailing tips from iVendi that can help them successfully compete and better manage the digital sales journey.
Digital automotive retail finance specialist iVendi has continued its recruitment of C-suite executives with the appointment of former Cox Automotive Europe board member Darren Sinclair.
Simon Hunt has been appointed to the newly-created role of head of information security and compliance at iVendi.
Former Chrysalis-Solmotive co-owner Paul Bennett has joined iVendi as senior vice president for international business and banking alliances as part of a plan to triple revenues within three years.
iVendi has invested in a new learning and development programme for its management team to support its growth plans.
Used car buyers are paying higher deposits on their motor finance deals to combat rising prices, according to new data from iVendi.
