New car registrations slumped 20.6% to deliver the lowest May volume in three decades as supply issues continued to hamper the automotive retail sector, Society of Motor Manufacturers and Traders (SMMT) data shows.
Automotive finance company Oodle has been recognised as an industry ‘game-changer’ at this year’s Car Finance Awards.
Close Brothers Motor Finance has appointed Alex Griffin as director of product.
Newly-appointed Close Brothers Motor Finance sales director Lisa Watson has said she is excited to make a start after seeing the speed of “rapid transformational changes” at the business.
The Finance and Leasing Association (FLA) has announced the appointment of Rebecca McNeil as the new chair of the association, with effect from November 30.
Close Brothers Motor Finance has teamed-up with Auto Trader to launch a “motor finance industry-first data tool” offering consumer demand insight to car retailers.
Almost half (46%) of car dealers say they worry about the rise in online car purchases, according to research from Close Brothers Motor Finance.
A new car tops the list of things that people would research online but need to see in real life before buying – even over a new home.
More than a third (38%) of drivers have delayed their car buying plans as a result of economic uncertainty caused by COVID-19 and Brexit, a report by Close Brothers Motor Finance has found.
A third (34%) of British car buyers expect dealers to earn commission on vehicles bought on finance, and a further 28% don’t mind so long as they’re informed, according to new research from Close Brothers Motor Finance.
Close Brothers Motor Finance employees have raised £34,000 for Make-A-Wish and Cancer Research UK through a series of fundraising events this year.
Almost a third of motor retailers are unaware of the looming January 28 ban on on all discretionary commission (DiC) models in motor finance.
Two thirds of car dealers have introduced a delivery service or increased publicity of an existing service in a bid to maintain sales during the coronavirus pandemic.
Paying up front for a new vehicle has continued to slow down as an increasing number of consumers demand increased flexibility, according to research from Close Brothers Motor Finance.
Pre-lockdown, a third (32%) of UK drivers were planning to buy an alternative fuelled vehicle (AFV) as their next car purchase, according to research by Close Brothers Motor Finance.
Six-in-10 car retailers believe that prolonged grants and support from Government are required to support the automotive retail sector through the COVID-19 coronavirus crisis as redundancies begin.
Confidence in the 2020 car retail market was expressed by 98% of respondents to a Close Brothers Motor Finance in a survey to gauge the mood among the sector’s businesses.
Close Brothers Motor Finance employees volunteered 824 hours of their time for charity initiatives in 2019.
Over a third of car retailers (34%) believe that half of the new cars sold in the UK will fall into the Government’s ultra-low emission vehicle category by 2030.
Close Brothers Motor Finance’s director of sales Sean Kemple has compiled his top five tips for car dealers looking to embark on a search for hybrid, plug-in hybrid and electric vehicle (EV) forecourt stock.
