While watched by the Financial Conduct Authority, finance and insurance still delivers welcome profit for car dealers. Debbie Kirlew reports
Mike Todd, chief executive of Volkswagen Financial Services UK, ponders the need for motor retail to offer options which cater for all preferences, now and in the future.
This month’s AM Live will feature an interactive panel discussion that will explore how to unlock future opportunities through automotive finance.
The Financial Conduct Authority (FCA) has moved to protect those in financial difficulty by requesting unregulated buy-now-pay-later BNPL firms to make changes to potentially unfair and unclear contract terms as new research reveals a significant increase in the use of short term financing.
ATG and account-to-account payment specialist Vyne have been able to cut retailers’ transaction fees by up to 73% with open banking technology.
Darren Sinclair, iVendi chief customer officer, shares his views on some of the crucial factors that will determine Chinese OEM success in the UK.
Monthly subscriptions are becoming the preferred payment method for car buyers purchasing maintenance plans, according to a business specialising in managing manufacturer service plans
Geely's electric vehicle brand Zeekr has signed a pan-Europe deal with BNP Paribas Personal Finance and Arval for motor finance, full-service leasing and insurance services.
AutoProtect appoints compliance chief
Gap insurance experts are calling for the Financial Conduct Authority (FCA) to clarify its stance, citing its recent blanket warning as “irresponsible”.
The FCA has given insurers a three-month ultimatum after recent data revealed that guaranteed asset protection (GAP) products could be failing to provide fair value.
TC Harrison Group is investing in systems and training to help its workforce identify and support vulnerable customers in line with Financial Conduct Authority demands.
New research by JATO Dynamics, has found that a large proportion of consumers across EU5 (France, Germany, Italy, Spain and the United Kingdom) are confused by car finance packages – unable to understand and differentiate between the details of finance products.
Electric car subscription firm Onto, which has a fleet of 7,000 EVs and a customer base of 20,000 subscribers, has collapsed as it ran out of cash.
As the UK's new car market climbs towards its more natural level, and the flow of used cars onto forecourts increases, motor retailers should be prepared to see more innovation from finance firms and even new entrants, writes Darren Sinclair, chief commercial officer at iVendi.
The fleet sector’s concerns over the fall in value of used electric cars could be pivotal to the UK’s success in phasing out fossil-fuel models.
International banking group CA Auto Bank and British supercar manufacturer McLaren Automotive have launched McLaren Financial Services in key European markets.
The Financial Conduct Authority wants to reduce the risks of finance promotions on social media. AM examines what it means for motor retailers' marketing.
Renault Group’s Ludovic Troyes is to join vehicle warranty and associated insurance business Opteven as its chief executive in September as part of the business’ growth plans in UK & Ireland.
Dealers are increasingly looking to valuable add-ons to help boost profits
