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.
Close Brothers Motor Finance has exceeded last year’s fundraising record and raised £33,500 for Make-A-Wish and Cancer Research UK.
The UK’s new car sales market declined once again as April's registrations ended 4.1% down with the month's second lowest registrations total since 2012, the SMMT has reported.
Brexit, a global slowdown and confusion over the future of diesel vehicles have combined to create a crisis of consumer confidence which may have driven 2.4 million motorists away from a new car purchase.
Younger motorists are the most likely to buy self-driving cars in the future, but the majority remain unconvinced by autonomous technology.
Car dealers are increasingly viewing Brexit as an “issue” as 50% of dealers rank it highly on a list of threats, according to Close Brothers Motor Finance’s Dealer Satisfaction Survey.
Two-thirds of UK car dealers believe that the Government’s proposal to ban on petrol and diesel powered non-alternative fuel vehicles (AFVs) by 2032 is too early.
UK car dealers remain ‘resolutely optimistic’ despite Brexit, diesel vehicles’ negative press and increased competition for used car stock in 2019, according to Close Brothers Motor Finance.
Close Brothers Motor Finance chief executive Rebecca McNeil credited the “hard work, ingenuity, and passion” of her team as she emerged as a winner of the CEO Today United Kingdom Award 2018.
The Ford Fiesta has topped a list of the UK's 'most financed cars' published by Close Brothers Motor Finance - followed by the Ford Focus and the Volkswagen Golf.
Close Brothers Motor Finance employees volunteered 818 hours of their time for charity initiatives in October, the company’s volunteer month.
Millennials are the most likely car buying age group to have their purchase effected by the uncertainty surrounding Brexit, with many opting for cheaper used cars
Consumers’ preference between new and used cars is neck and neck as Britain Under the Bonnet report shows a 1% difference.
Dealers have been advised to keep ahead of the curve when it comes to developments in autonomous vehicles as a result of insight gained from Close Brothers Motor Finance's Britain Under the Bonnet report.
Close Brothers Motor Finance employees have raised £31,000 for the NSPCC and Cancer Research UK by completeing a series of grueling challenges for charity.
