The point-of-sale consumer used car finance market grew 12% by value and 9% by volume in October, compared with the same month last year, according to The Finance and Leasing Association.
Direct car sales are the biggest threat to Auto Trader but Brexit could prompt a two year business boom for the UK, according to chief executive Trevor Mather.
The Trade Centre Wales is set to open its second new superstore within nine months, crossing the border for the first time with the opening of a 12 acre, 1,200 car site in the West Midlands.
New EU rules on debit card transactions are likely to be beginning to bite with retailers where large purchases are made, such as a used car when a customer has sourced a loan and the monies have been deposited in their personal bank account, hit the hardest.
A quarterly dealer satisfaction survey has uncovered evidence that 63% of dealerships are positive about business prospects for 2017.
The appeal of the PCP is central to a range of new finance products which have now been made available for the McLaren Sports Series through McLaren Financial Services.
The FCA took over the regulation of consumer credit in April 2014. What’s happened since?
Hitachi Capital Motor Finance has partnered with Vertu Motors to launch a Buy Now Pay Later 0% deal with a six month deferred period for customers.
Evolution Funding has been named F&I Conference & Awards 2016 ‘Broker of the Year’ for the second consecutive year.
PCP offers are luring car buyers to upgrade their cars more frequently, potentially creating an embarrassing cash shortfall, according to What Car?.
Most of your customers visit your website and go on to buy cars using finance – make their journey as easy as possible.
FCA scrutiny of car dealers' commission on F&I products will happen “quicker than we think”, according to Barclays Partner Finance managing director Mike Britton.
Frontline Solutions managing director Martin Hill has announced the rebranding of the business as DealTrak as part of an expansion phase which will see it move into a larger headquarters in Leeds city centre.
Finance companies have adapted well to enhanced legislation, but say they are working hard to anticipate future changes to the industry.
An independent used car dealership has had its consumer credit permissions withdrawn by the Financial Conduct Authority.
Car-buyers increasingly expect a seamless online-to-showroom experience, including the opportunity to organise finance options.
New business in the point-of-sale consumer new car finance market grew 9% by value and 5% by volume in August, compared with the same month last year.
The target-driven used car salesmen of yesteryear are being replaced by dealership ambassadors, who ‘consult’ with their customers rather than ‘closing’ them.
A third of dealers are leaving their business exposed to online finance brokers by not offering motor finance on their website.
The Financial Conduct Authority (FCA) marks six months since the start of the Senior Managers’ and Certification Regime by proposing ways to strengthen it.
