Having recently secured a major £120m bonds deal, Aston Martin appears to be banking on innovating its way through the current tough trading conditions and CEO, Andy Palmer, has promised that its ambitious investment plan can succeed.
On December 9 this year, the Financial Conduct Authority’s (FCA) Senior Managers and Certification Regime (SMCR) for consumer credit firms – including motor finance sellers – comes into effect.
There’s a saying in the cyber security industry about cyber attacks: “It’s not personal’’.
MHA MacIntyre Hudson’s Motor Specialist Team has seen a significant rise in HMRC enquiries at both franchised dealers and car supermarkets.
In the second of our series of updates on the taxation of electric vehicles (EVs) from MHA MacIntyre Hudson, leading adviser to the UK Motor Sector, Nigel Morris, employment tax director considers how wider regulation impacts tax policy and further influences the aim to increase the use of low emission vehicles.
In a bid to professionalise finance industry employees, attract young talent, and provide career progression for staff, the Finance & Leasing Association (FLA) has been promoting Motor Finance Specialist Apprenticeships, created in line with the Government-approved level 3 apprenticeship standard.
Physical car auctions in the UK have remained fundamentally unchanged for decades.
Franchised car retailers have a role to play in disproving the challenges of electric vehicle (EV) adoption if consumers are to wholeheartedly adopt new AFV technology, writes Mike Morris, chief executive of Nexus Infrastructure and its subsidiary eSmart Networks.
Recent years have seen a marked shift away from private vehicle ownership, particularly in urban areas.
The emergence of the connected car has transformed the automotive industry.
There is widespread agreement that climate change is a major threat to our futures and the motor industry is taking an innovative lead by developing alternatives to the traditional carbon producing internal combustion engine (ICE).
The average British adult spends around 5.9 hours per day consuming digital media, with over half of this spent on smartphones and tablets.
PSA Group, the French automaker that owns Vauxhall again warned this week that it could pull production from its Ellesmere Port plant in the UK if the plant becomes unprofitable after Brexit.
Original Equipment Manufacturers (OEMs), their National Sales Companies and franchised car retailer networks need to upweight plans to stop the erosion of overhead absorption across the franchised sector, if the viability of their operations is to be improved and customer confidence maintained.
The Financial Conduct Authority (FCA) recently announced forthcoming changes to what has been a controversial area of consumer credit lending.
IVendi has said that list prices on new cars is creating uncertainty for new car buyers looking for a good deal.
Modern car buyers bring new expectations, but also new opportunities for franchised dealerships.
The motor finance sector’s prime lenders appear to be tightening their lending rules just at a point in time when used car retailers need greater flexibility from their motor finance, says Startline.
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.
New 5G mobile networks could “revolutionise” some aspects of online motor retail and how dealers present vehicles, says iVendi.
