Close Brothers Motor Finance has appointed Chris Bosworth into its newly-created role of director of strategy.
The point-of-sale consumer new car finance market grew 20% by value and 14% by volume in January, according to the Finance and Leasing Association.
Data gathered from online finance calculators can provide dealers with an insight that can transform “suspects” into “prospects”, according to software specialist Codeweavers.
Insurers are concerned about the FCA’s definition of ‘value for money’ in add-on products.
To ‘treat customers fairly’, ask if you would be happy with how your dealerships treat your family and friends.
Point-of-sale consumer new car finance volumes grew 10% last year.
Car dealers’ sales processes are suffering from a “lethargy” which sees many customers leave the showroom without having taken a test drive, had their part-ex valued or finance offer calculated.
London-based bank Aldermore has launched a dealer services team to grow in the motor retail sector.
Dealers are facing a new threat to profit margins as research reveals the impact on specialist car finance take-up of low new High Street personal loan rates.
A new referral service is being rolled out by Close Brothers Motor Finance following a successful pilot with dealers in 2015.
Moves to empower customers will mean that self-service motor finance is set to become a major trend in 2016.
HM Treasury has appointed Andrew Bailey as the new permanent chief executive of the Financial Conduct Authority (FCA).
Point of sale car finance sales benefiting from the ‘continuing strength of consumer confidence’, comments FLA after sharp market growth in November.
Finance broker Dealerplus is offering a full market loan comparison service as part of its new website and refreshed dealer finance software, the Dealer Hub.
Moneyway, the motor finance arm of AIM-listed Secure Trust Bank, has appointed Gaynor Atkinson and Lee Fountain as account managers.
Motor finance technology specialist iVendi have made eight new appointments in just two months as part of the business’ expansion plans.
MotoNovo Finance has launched a new concept in car finance which allows customers to facilitate their own application via an innovative new app.
Close Brothers Motor Finance is calling on dealers to change their attitudes towards industry regulation or face the consequences.
Finance & Leasing Association figures show that the dealer new car finance market saw new business growth of 6% by volume and 13% by value in October.
The FCA is seeking views on whether the level of protection provided to SMEs in its handbook of rules and guidance is “broadly right”.
