The Finance and Leasing Association (FLA) has urged Government to not ‘prematurely end’ its COVID-19 finance support for UK business in a co-signed letter to Chancellor of the Exchequer Rishi Sunak.
The motor finance sector must reinvent itself in light of the Financial Conduct Authority’s (FCA) new regulations which will ban all discretionary commission models from January 28.
The Finance and Leasing Association (FLA) is set to make submissions urging Government to extend its COVID-19 business lending and introduce tax incentives to boost the adoption of alternative fuel vehicles (AFV).
Startline Motor Finance is expanding its team with 10 new positions, following a record three-month trading performance.
The new and used car finance markets returned to growth in July as showrooms across the UK re-opened their doors following the COVID-19 lockdown period, the Finance and Leasing Association (FLA) has confirmed.
The NFDA has published a new consumer-facing car buying guide to help boost market confidence ahead of the crucial September number plate change month for retailers.
Alphera Financial Services has appointed BMW/Mini national leasing manager Adam Harley as its new head of key accounts.
Volkswagen UK has introduced a 0% APR finance payment option on aftersales work and accessories across the majority of its retail network.
The Finance and Leasing Association (FLA) has said that the consumer used car finance sector’s 9% growth by value and 2% by volume drove a market “bounce back” in June.
More than a quarter of PCP buyers are concerned about meeting future monthly payments on their next vehicle due to the impact of COVID-19, according to What Car?.
Many will still need time to fully consider the content of the Financial Conduct Authority’s (FCA) final ruling from its motor review and the impending ban on discretionary commission models, published earlier this week.
Mercedes-Benz Financial Services (MBFS) has become the first car manufacturer finance house to be approved as a fully-accredited Coronavirus Large Business Interruption Loan Scheme (CLBILS) lender.
Auto Trader is targeting further automation of the car sales process following the acquisition of finance, insurance and compliance software platform AutoConvert.
The September plate-change campaign will be the next big test for new car finance offers
A new iVendi product provided to coronavirus crisis-hit vehicle retailers for free has been used to manage and negotiate more than £63m of vehicle finance deals in the last 10 weeks.
The Financial Conduct Authority (FCA) has confirmed its move to ban all discretionary commission models in motor finance to save car buyers £165 miilion-per-year and eliminate “conflicts of interest” in the sector.
Jaguar Land Rover (JLR) is introducing an interest free payment option for aftersales work across its retail network, following the appointment of Auto Service Finance (ASF).
A new integration between iVendi and RAPID RTC means 'improved lead generation and management' for dealers.
A car dealership’s financial controller has been jailed for three years for defrauding the business of £252,000 as its owner struggled to fund his wife’s treatment for cancer.
Cash-strapped motor finance customers can ask for a second three-month freeze or cut on their monthly payments that could last into 2021, the Financial Conduct Authority has confirmed.
