Point of sale consumer new car finance business volumes fell by 8% in June, compared with the same month in 2016, according to new data published by Finance and Leasing Association.
The automotive finance industry must focus on generating positive messages as it endures a flurry of negative publicity and the growing attention of regulators, according to a panel of industry experts.
The internet is one of the dealer’s most powerful tools. Use it to show consumers how effective – and FCA-compliant – your specialist motor finance can be
Dealers should subscribe to the ethos of the FCA by offering customers a broader choice of finance providers, says iVendi.
Santander Consumer Finance has launched a ‘customers for life’ programme in response to dealer demand.
Peugeot's new car registrations fell 13.2% in the first half of 2017 and it is has published its finance deals only up until the end of August.
Car buyers using PCP car finance deals are safe, say motor retailers, but questions remain over clarity and transparency.
The Bank of England has told car loan providers they are at the risk of action against reckless lending due to the ‘spiral of complacency’ from lenders.
Renault is offering the motor racing fans among its dealership network’s potential customers the chance to win a Formula One test drive.
Dealerships could benefit from a new online app which allows motorists looking to change a car early to check the status of their current finance agreement.
Auto Trader’s 2017 Digital Excellence Study has indicated that automotive beats nine comparable sectors when it comes to customer experience online.
As the sales practices around motor financing are increasingly brought into the spotlight, it has become clear that something must change.
Volkswagen is celebrating Golf’s recognition as Britain’s best-selling car with limited time offers.
The Financial Conduct Authority has published proposals to require dealers to better manage risks of non-compliance in staff's pay and performance management.
Car retailers have come under fire for their approach to finance sales after undercover newspaper reporters found sales executives were offering new car PCPs to and minimum wage earners and the unemployed.
The Bank of England has told banks to set aside an extra £11.4 billion to protect the economy from a financial crash as car finance and credit card debt lending continues to “increases rapidly”.
Startline Motor Finance is extending its concept of flexible prime motor finance to more customers with the launch of its new Finishline product.
Even in a bad month, some brands still make gains. Convincing finance offers have a lot to do with that success.
Car dealers are being targeted by criminals making fraudulent car finance applications. Sgt Kate Jackson of the NVCIS explains how to spot them.
There may be some softening of demand over the year, but PCPs make getting a new car very affordable in comparison to HP or outright purchase. That way of funding their vehicle is very much part of the consumer psyche now.
