Efforts to fulfil new Consumer Duty requirements are paying off with new research suggesting car buyers are more than satisfied when buying finance online.
Armed with the right motor finance solutions, dealers are well placed to help buyers into their next used car despite the storm of high vehicle prices, rising interest rates and squeezed budgets.
The role of the car dealership’s business manager is evolving – and digitalisation is playing its part in that change.
Peter Vardy's CarMoney is set to open its first regional sales and administration office in Dundee in response to rising consumer demand.
Peter Vardy’s CarMoney motor finance business has moved into 9,000 square feet of new office space as it plans to boost staff numbers this year.
Almost one in two motor finance applications made during 2022 will happen online, according to new figures compiled by iVendi.
The Peter Vardy Group’s CarMoney motor finance operation is aiming to boost its presence in the North East with the appointment of Owain Thompson as regional sales manager.
Evolution Funding Group has completed the acquisition of automotive software and digital services provider Click Dealer.
Evolution Funding picked up two awards at the 6th annual Motor Finance European Conference and Awards 2020, including Intermediary of the Year, for the fourth year.
Auto Trader is targeting further automation of the car sales process following the acquisition of finance, insurance and compliance software platform AutoConvert.
A new iVendi product provided to coronavirus crisis-hit vehicle retailers for free has been used to manage and negotiate more than £63m of vehicle finance deals in the last 10 weeks.
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.
Car buyers are embracing online self-service car finance during the COVID-19 coronavirus lockdown period, according to Evolution funding.
Analysis of online activity over the last seven days indicate a potential rebound for the car retail market.
Renault and Dacia have launched a new end-to-end online retail platform offering virtual showroom vehicle tours and a remote e-signature process allowing customers to buy a new car without entering a dealership.
Santander Consumer Finance (SCF) has delivered an end-to-end online loan application solution for car dealers following a nine-month development programme.
An ‘Incubator’ training scheme has been launched by iVendi as part of efforts to upskill its new recruits for the automotive finance sector.
Used car operations continue to provide valuable profit opportunities for dealers of all sizes. It is clear that finance has a vital role to play in both attracting the customer and closing the sale.
Volkswagen Commercial Vehicles (VWCV) has launched a new used van finance calculator to help customers find the deal that suits them best.
Stoneacre Motor Group has joined forces with AutoConvert in pursuit of an all-encompassing approach to lead management which fuses detailed lead tracking with paperless online finance applications.
