PCP car finance offers continued to dominate the sector in April with a 21% increase in volumes over the same period in 2017, enquiryMAX has revealed.
Startline Motor Finance has seen franchised car dealerships achieve 50% penetration with a new “flexible prime” PCP product launched only last month.
The number of used car buyers saddled with outstanding finance on their new vehicle rose from one-in-four to one-in-three during 2017, claims HPI.
A study of dealer sales has shown that an effective customer contact strategy could increase customer retention rates, despite a falling market.
Inchcape UK has enhanced its technician benefits package with a personal tool insurance up to the value of £20,000.
NextGear Capital has provided £50million in stock funding to hundreds of UK dealers thanks to a partnership with Dealer Auction.
Car dealers can improve business retention rates through the use of a dedicated customer contact strategy – even in a declining market.
When looking at the performance drop in Q1 2018, it has to be through the prism of many brands posting record figures over the same period last year.
Independent retailers offering PCP funding on used cars have an opportunity to grow their sales during 2018 but may be challenged by new contract hire companies, according to Adesa Remarketing.
Close Brothers Motor Finance has announced the appointment of a new chief executive Rebecca McNeil, who will also join the business's executive committee.
Drive-Hive made its official industry debut this week, claiming that it can provide an “all-inclusive” lending solution that could convert car dealer's finance refusals into three-year revenue streams.
A new data engineer and data scientist have been appointed at online finance specialist iVendi as the business aims to gain greater insight from its online motor retail data.
Blue Motor Finance has been named as the 21st fastest growing business in Europe in the Financial Times' annual FT1000 listing.
BMW has teamed up with mobility provider Drover to offer vehicles on a pay-as-you-go basis from £131-per-week.
Vauxhall Finance has launched Personal Contract Hire (PCH) and Business Contract Hire (BCH) in a move designed to boost SME business sales within the brand's UK dealer network.
The Financial Conduct Authority has re-stated its intention to focus on transparency, affordability and car dealers' comission arrangements in its Business Plan 2018/19 as an investigation continues into the motor finance sector.
Consumers typically pay 68% more on the advertised price of a car when using finance compared to those paying outright, according to Auto Trader.
Close Brothers Motor Finance has launched an online portal allowing dealers to quote multiple finance products in tandem with its website.
Four out of five motorists are more likely to buy a car from a salesperson accredited to sell car finance, according to research from Alphera Financial Services.
Spencer Halil, director of Alphera Financial Services, why car dealers need better standards of training when it comes to finance sales.
