Auto Trader has insisted that the car “finance bubble” is not about to burst, claiming that the affordability it delivers is key to social mobility and cleaner motoring in the UK.
The Financial Conduct Authority expects to publish an update on its examination of motor finance next month.
NextGear Capital has launched the ‘first mobile wholesale funding platform’ enabling dealers to manage stock on-the-go.
Long serving Close Brothers Motor Finance employees from across the UK have been recognised at an award ceremony at the business' Doncaster headquarters.
Cap HPI has revealed the average price of a new car has risen 38% over the last decade, with a PCP-fuelled push towards SUVs and premium cars the main driver of change.
Santander Consumer Finance (SCF) is driving innovation in its online retail offering with the launch of its i-click online document signature software platform.
Motor retailers need to be more conscientious than ever to avoid the consequences of mis-selling, delegates at Automotive Management Live were told.
A US-based start-up called Fair is rolling out a used car finance app that connects customers with dealers’ approved used car stock online and is looking at launching in the UK next year.
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.
