The Volkswagen Golf has overtaken the Ford Fiesta to become the most financed car of 2024, according to data released by Close Brothers Motor Finance, reflecting how economic pressures are driving buyers toward more practical and affordable cars.
Close Brothers Motor Finance has promoted Clare Bradley to the position of commercial director and Neil Leonard as its new marketing director.
Members of the Finance and Leasing Association (FLA) are demanding that dealers that want to work with them must be SAF accredited by January 1.
iVendi and Close Brothers Motor Finance have formed a new strategic partnership to make it easier for dealers to offer consumers motor finance, both online and in the showroom.
The probe into historic motor finance practices by some car loan providers could cost the industry £30 billion, according to ratings agency Moody's.
Shares in Close Brothers have taken a sharp hit in the wake of a landmark ruling by the Court of Appeal, which determined that motor finance brokers must provide full disclosure on commissions when arranging car loans.
Close Brothers Motor Finance (CBMF) has promoted John Cassidy to the position of managing director - sales.
Recent developments in government policy are raising concerns that could stall the momentum of the transition to electric vehicles, writes Fraser Brown of automotive consultancy MotorVise.
Drivers of electric cars should be braced for higher ownership costs as several key incentives that have fuelled the rise in EV ownership are slated to expire next year.
A fifth of car dealers admit to not using market data on which to base their stock decisions.
Price continues to be the obvious driving factor behind purchase consideration for UK car customers, according to new research.
More than two thirds (68%) of dealers are finding it challenging to source the right stock at an affordable price
Close Brothers Motor Finance is linking up with fintech Zuto’s marketplace to extend access to its products and digitising the customer journey.
New research has found that almost a third (30%) of motorists feel that the delay to the new petrol and diesel vehicle ban will allow for more time for an expansion in electric vehicle infrastructure .
Sales of new electric cars held their own during the traditionally slow month of February
UK car production got off to a fast start in January, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
Lloyds Banking Group has allocated £450 million to cover potential expenses related to regulatory investigations into historic motor finance commission deals.
Motor dealers are still looking to invest in their forecourts this year despite economic uncertainty, rising costs and business challenges
Close Brothers Premium Finance has signed a new five-year contract with Brown & Brown’s UK network business Hedron Network.
Close Brothers Premium Finance (CBPF) has signed an exclusive deal with broker The Green Insurer
