The number of new cars bought with dealer finance increased by 19% in the September plate-change month, according to the latest figures from the Finance & Leasing Association (FLA).
Dealers offering consumer credit products have until April 1 to qualify for approval from the Financial Conduct Authority
One lucky winner has been chosen from hundreds of dealers who participated in the annual Car Finance Survey from Sewells Research & Insight.
By applying lessons learned from High Street retailers, Hitachi Capital’s managing director Gerald Grimes believes dealers can grow both their finance business and increase sales.
Franchised dealers already adhering to the outgoing Office of Fair Trading guidelines shoud experience a "straight forward" transition to the incoming Financial Conduct Authority which takes over the regulation of consumer credit on April 1.
Motor dealers need to ask themselves four key questions when deciding whether to opt to join the new Financial Conduct Authority regulation regime, says motor dealer technology specialist iVendi.
Dealers need to make sure they are comfortable with the new Financial Conduct Authority (FCA) regulatory framework and should start consulting with their finance providers if they haven’t done so already, according to Alphera.
Personal Contract Purchase (PCP) agreements grew 54% by value to £432 million in the new car finance market in August, according to Finance & Leasing Association (FLA) figures.
Business managers are one way to boost finance and insurance revenue, but do they work for all dealers?
Promotion of used car finance is especially important online because it is where most consumers decide what they are going to buy
Lenders are urging dealers to boost their revenues with showroom finance as they sell cars taken in part-exchange on 63-plate first registrations
By applying lessons learned from High Street retailers, Hitachi Capital’s managing director Gerald Grimes believes car dealers can grow both their finance business and increase sales.
Electrical parts dominate the claims made by used car customers under motor warranties, according to new statistics released by RAC Warranty.
Mercedes-Benz is offering free servicing for three years on its A-Class when customers buy on an Agility Personal Contract Purchase (PCP).
Warrantywise, the UK extended car warranty company, has launched a new website dedicated to car dealers.
MG will be supporting the launch of its new MG3 supermini with PCP finance deals from £99 and zero deposit deals.
Dacia UK is offering customers its Duster in access trim to retail customers for £99 a month when they buy on finance and put down a £3,112 deposit.
Automotive retail lenders are urging dealers to retain some control in September’s 63-plate market while making the most of buyers being driven into showrooms by manufacturers’ national campaigns.
The Financial Conduct Authority (FCA) has launched its portal for dealers to register for interim permission in order to legally continue with consumer credit related activities from 1 April 2014.
Manufacturers’ finance schemes are only good for dealers if they accept the customers who apply, said broker DSG Finance director Tim Marlow.
