Tributes have been paid to MotorNovo head of strategic partnerships Peter Landers after he died following a three-week battle with COVID-19 coronavirus.
Almost a third of motor retailers are unaware of the looming January 28 ban on on all discretionary commission (DiC) models in motor finance.
The motor finance sector must reinvent itself in light of the Financial Conduct Authority’s (FCA) new regulations which will ban all discretionary commission models from January 28.
MotoNovo claims to have moved towards the Financial Conduct Authority’s (FCA) car finance ideal scenario with the launch of its new “priced to risk” MotoRate offering.
MotoNovo Finance has announced it is able to provide additional support to the dealer community as an accredited ‘Introducer’ for the Aldermore Coronavirus Business Interruption Loan Scheme (CBILS).
MotoNovo Finance has announced it has seen a surge in proposal and business activity, since it revealed it was lifting lending restrictions.
Research by MotoNovo Finance has revealed that digital platforms are proving an essential link in the retail chain for used car buyers.
Finance profit will be key to car retailers’ efforts to realise greater profit from used cars in 2019 as FCA scrutiny and greater influence from the market’s ‘disruptors’ continue to apply pressure.
MotoNovo Finance's online used car aggregator Findandfundmycar.com has reached 2,600 dealer sign ups since it s launch in 2018.
Changing appetites towards risk in unsecured lending could open opportunities for used car dealers in a £58bn market.
MotoNovo Finance has celebrated a 94.5-out-of-100 rating average from almost 290,000 car buyers who have rated its funding product.
MotoNovo Finance’s new online used car classified platform findandfundmycar.com has generated more than a million searches in its first two weeks of trading.
Moto Novo finance has launched its findandfundmycar.com classified advertising service built on a set of co-operative principals which aim to cut costs for car dealers.
Used car prices dipped by 1.2% as the second half of October showed ‘significant signs of a weakening market’, according to Cap HPI.
Sustained success in automotive retail will demand a more conservative reappraisal of residual values, according to MotoNovo.
The Consumer Credit Awards 2017 has recognised MotoNovo Finance as the ‘best car finance provider’.
MotoNovo Finance has called on the motor industry to make a stand against what it sees as misleading stories focusing upon dealer finance following coverage of a survey compiled by Confused.com.
MotoNovo Finance has been recognised in the Sunday Times 100 Best Companies to Work for as the 12th best mid-sized organisation to work for in the UK.
MotoNovo Finance has launched its Self-Service finance app, allowing customers to control the financing of their vehicle via a new online app.
Most of your customers visit your website and go on to buy cars using finance – make their journey as easy as possible.
