Jaguar Land Rover’s (JLR) InMotion Ventures fund, Porsche Ventures and Silicon Valley-based Autotech Ventures have contributed to a £9 million fund-raising round by Bumper.
Startline Motor Finance has completed a £292m London Stock Exchange-listed securitisation to fund growth and future-proof it with a move into electric vehicle (EV) funding.
Firms handling large sums of cash have been reminded of their duty to combat money-laundering after NatWest Bank was fined £264.8 million in the Financial Conduct Authority's first criminal prosecution for money laundering failings.
Consumer car finance remained up 7% by volume in the year to the end of October despite an 11% decline in October, according to Finance and Leasing Association (FLA) data.
Discounts on new car retail offers have dropped slightly by 1.9% quarter-on-quarter to £1,672 on average in Q4, according to the latest AM data.
The Financial Conduct Authority will set new rules for regulated financial services including motor finance by mid-2022 as it aims to “fundamentally shift the mindset of firms”.
Evolution Funding has appointed Lloyds Banking Group’s Katie Hayes to the board as its first chief operating officer in what was described as a “crucial step” towards achieving its strategic goals.
Bumper has integrated with Keyloop’s car dealer management systems to facilitate the provision of digital aftersales payments.
Used car dealers need to collaborate with motor finance partners to effectively compete with new digital disruptors, says iVendi.
Paragon Motor Finance (PMF) has commenced lending on EVs with a new package that’s designed to incentivise consumers to move away from ICE vehicles.
Automotive sector consultancy Elevenci has appointed automotive finance industry expert and former Volkswagen Financial Services chief executive Bryan Marcus to its leadership team.
The Finance and Leasing Association (FLA) has announced the appointment of Rebecca McNeil as the new chair of the association, with effect from November 30.
New consumer car finance volumes remained up on 2020 in the first nine months of this year despite slumping by over a fifth in September, the Finance and Leasing Association (FLA) has revealed.
Delegates at next week's AM Live car retail expo will hear connected retailing tips from iVendi that can help them successfully compete and better manage the digital sales journey.
Car Money, the motor finance business owned by Peter Vardy Group, has appointed Belfast-based Lyndsey Kerr as its new Northern Ireland regional sales manager.
Digital automotive retail finance specialist iVendi has continued its recruitment of C-suite executives with the appointment of former Cox Automotive Europe board member Darren Sinclair.
The consequences of the global pandemic have been profound. Like many other sectors, large swathes of the automotive industry had to scale back or even stop production in the early stages of COVID-19, with a gradual reopening as restrictions eased during 2020.
Nissan dealers can offer aftersales customers the option of interest-free payments for servicing and repair work as part of the brand's new partnership with Bumper.
Close Brothers Motor Finance has teamed-up with Auto Trader to launch a “motor finance industry-first data tool” offering consumer demand insight to car retailers.
Former Chrysalis-Solmotive co-owner Paul Bennett has joined iVendi as senior vice president for international business and banking alliances as part of a plan to triple revenues within three years.
