Working towards FCA compliance could see dealers and lenders move away from flat rate motor finance products to APR-based alternatives.
The latest figures from the Sainsbury’s Bank car buying index, which tracks consumers’ car purchase intentions, suggest that 23% of adults in Britain are currently thinking about buying a car over the next six months.
A free webinar providing information on how to be best prepared for new rules for dealers on providing consumer credit is being held tomorrow by AM and Alphera.
If car-sharing takes off in our congested cities, the new joint venture could be well placed. Of course, though, in the short run we still have the same problem; a new technology with high costs which has yet to make the big break-through.
A series of workplace parking levy schemes could be introduced across London to improve air quality in the capital.
In a special report into the repair sector, WhoCanFixMyCar.com explodes some of the most long-standing myths on the prices charged by franchised dealers compared to the independent sector. And how often do consumers choose the cheapest option?
Scottish dealers are calling for a war on red tape and taxation from political leaders in Holyrood and Westminster after giving their support for a ‘No’ vote in the country’s historic referendum.
The September 2014 new car market was the biggest for the month since 2004, ending with 425,861 registrations.
Wednesday saw the first of the FCA landing slots relating to the motor finance industry opened for submission. That means, for some dealers, there may now be less than three months to go to complete the application.
Values in the used car trade market are now slipping and underperformed in September compared with the same month last year, according to CAP Automotive.
Is the FCA your friend or foe? The answer is probably neither. But what the FCA should be treated as, if we are to successfully make the transition to the new regulatory framework, is a partner.
Traditionally car companies have pursued an apparent logical strategic presumption that improving customer service commensurately increases customer loyalty and decreases customer complaints. However this creates three problems.
Europe’s auto industry has been badly damaged by the ongoing fallout from the global financial crisis and credit crunch (including misguided austerity measures across the EU).
Half of Britain’s motorists neglect vital vehicle maintenance checks including oil, tyres and lights – all essential to ensuring the safety of their cars.
Dealers looking for assurances on what is required to ensure they meet Financial Conduct Authority’s rules on motor finance selling are invited to take part in a free webinar.
The real issue is that developing a genuinely new car costs several hundred million pounds. Lotus has neither the volume to generate cash for R&D nor the prestige to charge high prices.
It is exceptionally naïve to believe that this audience are communicating to friends and family daily about a range of topics, except the next car they are thinking of buying - the second largest purchase they will ever make.
A lack of models, particularly in segments it used to be strong in, has led to year-on-year decline in the Honda brand. Its reputation for technological innovation has also paled as a result.
Despite recent rising inflation and slower wage growth, 45% of motorists would buy a car simply because they wanted to be to 'drive something new or different", according to research.
With the Financial Conduct Authority’s interim period coming to an end, AM has launched its very first Finance and Insurance Compliance Conference to provide dealers with the detail they need to continue to meet the FCA guidelines in every aspect of their business.
