Tribute was paid to the “energy and resilience” of the car finance sector when Stephen Sklaroff addressed the FLA’s 12th annual Motor Finance Convention.
Renault is offering deferred payments until February 2016 to customers that pay on finance before December 31 to encourage sales in Q4.
Carfinance247 has acquired an additional 10,500 sq ft. of office space at Albion Mill in Ancoats, Manchester, to house the company’s growing workforce.
HR Owen has launched another division of its business with a bespoke insurance concierge service for its high-net-worth clients.
Finance and insurance products face more regulation and scrutiny, but there are still ways for dealers to boost profits.
FINANCE specialist Moneyway’s Motor Finance has extended its product range to offer customers and dealers added flexibility with the option of 120 per cent loan-to-value.
Insurance companies coping with the FCA’s new GAP regulations have nevertheless seen continuing growth in the past year.
Moneyway has confirmed it will start rolling out its product aimed at prime customers at the start of next year after piloting the idea since April.
WhatCar? is advising its readers to buy a new car instead of a one-year old version of the same model due to competitive finance and low interest rates.
Consumer new car finance was up 10% by volume and 16% by value in September, compared with the same month last year, according to figures from the FLA.
Digital search dominates how customers find their next car, but other areas are still important, according to new research by MotoNovo Finance.
A study by Hitachi Capital Motor Finance claims dealers could miss out on as much as £246 million a year in finance revenue on used vehicles.
Consumer confidence, dealer expertise and support from finance houses have led to PCP success in the past 12 months.
Carfinance247 has launched a new service on its website that puts customers that have applied for finance in touch with dealers that can sell them a vehicle.
The majority of delegates at the Finance & Leasing Association’s (FLA’s) latest conference (62%) said they felt well prepared for the new FCA regulatory regime.
Volkswagen Financial Services has appointed Iker Lazzari to the newly created role of head of sales and marketing.
John McConnell has stepped down as group finance director at Inchcape.
Dealers are likely to experience more intrusive relationships with their finance suppliers under stricter rules made by the Financial Conduct Authority (FCA).
James Tew, Ivendi chief executive, believes the industry needs to be offering more choice for motor finance at point of sale to avoid further FCA regulation.
Ford is offering young drivers between 18-24 up to £2,240 towards insurance to help reduce the cost of motoring.
