leasing
EV market faces deepening crisis as residual values plummet, finds ADS
Plunging residual values in the electric vehicle (EV) market are creating substantial financial challenges for leasing companies, manufacturers, and customers alike, according to Auto Data Solutions (ADS) which is warning of a prolonged impact on the sector.
Santander buys CLM Fleet Management to expands leasing presence
Santander Consumer Finance (SCF) has acquired full-service fleet management specialist CLM Fleet Management, aligning with Grupo Santander's European initiative to strengthen its position as a contract hire service provider for fleets operating company cars.
New car retailer banned by FCA as he's unfit to carry out F&I activity
A director of new car brokerage in the north east of England has been banned by the Financial Conduct Authority from carrying out any regulated consumer finance or insurance activities because it has deemed him to be "not a fit and proper person".