The introduction of GDPR over the last 12 months appears to be behind a slight increase in online motor finance conversion rates, says iVendi.
Oodle Car Finance has celebrated that processing of over £3bn of car finance applications across its 168 car retailer partners during 2018.
As recently reported by AM Online, there’s a growing trend of vehicle financing being completed via the internet.
Dealer’s trialling Santander Consumer Finance (SCF)’s newly-launched free online finance calculator have reported strong customer demand.
Shifting car-buying entirely into the online arena is so incredibly complex that dealers will be around for a long time to come, but increased digitisation is essential if the sector is to meet consumer expectations according to iVendi chief executive James Tew.
“Car dealers need to make their pretty websites into e-commerce platforms”, iVendi chief executive James Tew has insisted following the publication of the finance specialist’s first-ever Report on Online Motor Retailing.
A new data engineer and data scientist have been appointed at online finance specialist iVendi as the business aims to gain greater insight from its online motor retail data.
Research from iVendi has shown that used car buyers conduct the most searches between 7pm and 9pm on Sunday.
AutoGravity, a new and used car finance offer aggregator which has attracted the backing of Daimler in its native US, is looking at entering the UK market.
Oodle Car Finance has announced the appointment of former HSBC and Santader director Rodger Lovering as chairman.
Toyota and Lexus retailers have simplified the process of financing a car purchase with the introduction of a web-based platform offering a range of products and an online signature facility.
Auto Trader is preparing to promote its new monthly price search tool with a multimillion pound advertising campaign which gets underway on Christmas Day.
Finance must no longer be an afterthought as consumer habits shift away from “bricks and mortar” to “clicks and mobile”.
Online motor finance providers who continue to damage potential customers' credit scores with hard searches which remain on their records are "bordering on unethical", according to iVendi.
iVendi is preparing to deliver plug-in software that allows its dealer partners to facilitate online car sales via a 'buy' button described as "the holy grail of online motor retailing".
