Research has shown that 47% of drivers with a car on finance do not know how much they have borrowed, according to CarGurus.
A 9% drop in new car sales compared to the previous year confirmed that the "market is getting tougher" but used car opportunity remained strong in January, according to enquiryMAX.
AutoGravity, a new and used car finance offer aggregator which has attracted the backing of Daimler in its native US, is looking at entering the UK market.
The Finance and Leasing Association’s head of motor finance Adrian Dally has said that lenders expect a “stable” 2018 after full-year results from 2017 revealed new business had grown 2% by value and 7% by volume.
Oodle Car Finance has announced the appointment of former HSBC and Santader director Rodger Lovering as chairman.
Car dealers who generated an £17,000 average profit in December 2016 suffered the effects of a £400 loss 12 months later, according to ASE.
Of the 36 car manufacturers whose representative finance offers we examined, 10 were changing them at the end of January ahead of the 18-plate launch in March.
Big Cars used car supermarket founder Adam Stott has blamed major changes to the business’ stock and finance provision for creating the “unsustainable trading conditions” that forced its closure.
Close Brothers Motor Finance is celebrating it’s birthday milestone of 30 years by rewarding all employees with a birthday day off.
Secure Trust Bank has targeted growth in the in the near-prime and prime car finance sector after appointing former NextGear Capital boss David Mercer as managing director of its motor finance division, Moneyway.
Household expenditure on vehicle ownership defied the negative narrative surrounding PCP car finance products with an increase of 47.7% in spending on “hire loan purchase agreements” during 2017.
Soft check and soft search options on online motor finance could make it more accessible and attractive to used car buyers, iVendi has revealed.
The Finance and Leasing Association has claimed that the point of sale new car finance market remains “on track”, despite an 8% decline in volumes during November.
Nissan is offering up to £2,000 off a new car after extending its Switch Scheme until the end of March, with 'Switch Support' offered on the All New Micra, Juke, New Qashqai or New X-Trail or a used Leaf.
Finance mis-selling will create ‘perfect storm’ in 2018 according to the boss of fleet management business who has claimed that car dealership sales staff “don’t know how PCP and PCH deals work”.
Former Mitsubishi exec John Chisholm will run financial services at SsangYong Motor UK's parent Bassadone Automotive Group, as it plans a contract hire push
Franchised car retailers face will face “a new set of trading parameters that they have not experienced for quite some time”, according to corporate finance advisors at Duff & Phelps.
A quarterly dealer attitude survey carried out by Close Brothers Motor Finance has found that 92% of dealerships are confident about market prospects for 2018.
Less than half of motorists would actively seek-out face-to-face guidance from a car dealer when making their next automotive purchase, according to a new survey.
Cap HPI has promoted “key player” James Pass to the role of head of finance sales.
