Dealers are expecting a lopsided Q3 this year as a result of ramped up demand in July and August, rather than the traditional plate-change month of September.
Car buyers’ lack of awareness about car dealers’ obligations when selling finance products suggests a “high potential for mis-selling of F&I products”, according to Alphera Financial Services.
The Financial Conduct Authority (FCA) has appointed Competition and Markets Authority (CMA) director Sheldon Mills as its new director of competition.
Volkswagen Financial Services has announced the appointment of LeasePlan’s Tom Brewer as head of sales and marketing.
Aston Martin Financial Services has signed up its UK dealer business managers to the new Finance and Insurance Accreditation Pathway developed by Alphera Financial Services in partnership with the Institute of the Motor Industry (IMI).
Lenders have been called out by Startline Motor Finance for lagging behind on adopting e-agreement capability and impacting dealership finance performance.
What Car? has been able to identify £28.5m worth of savings for car buyers during August as the pre-WLTP emissions test rush to rid car forecourts of unwanted stock takes hold of the marketplace.
MG Motor UK has revealed details of the new MG3 hatchback – with prices starting from £9,495.
MB&G Insurance has appointed former Motorway Direct dealer network specialist Robert Maybank as its new business development manager.
The Finance and Leasing Association’s (FLA) finance transactions data for June have shown a 1% rise in the volume of point of sale (POS) consumer new car finance business for the period.
BDO is urging car dealers to submit their payroll details for its annual Motor Salary Survey as it aims to help businesses fine-tune levels of remuneration across 27 industry job roles.
RAC and Assurant have announced a three year agreement extension as they target franchised dealer sector.
Automotive market innovators The Auto Block will aim to revolutionise the car sales process with the creation of the sector’s first ever cryptocurrency.
The Bank of England has announced a rise in interest rates from 0.5% to 0.75% following a unanimous decision by its Monetary Policy Committee.
Shifting car-buying entirely into the online arena is so incredibly complex that dealers will be around for a long time to come, but increased digitisation is essential if the sector is to meet consumer expectations according to iVendi chief executive James Tew.
Dragon2000 has partnered with Codeweavers to offer an “industry-first” finance integration into the firm’s dealer management system, DragonDMS.
The Financial Conduct Authority has revealed that its GAP insurance sales legislation has led to an average fall in car dealers’ sales of between 16 and 23%.
Half-way through 2018, some of the large volume car manufacturers are keeping APR rates at zero in the face of challenging market conditions.
Car leasing customers showed a desire to “take control” of their car acquisition with a surge in email enquiries of 44% during the first half of 2018, ContractHireAndLeasing.com has reported.
Over 4.7 million drivers are paying for car finance each month in the UK at the cost of £1.07 billion.
