Startline Motor Finance has reported that it will end 2018 with business volumes up by around 20% on the previous year.
Startline Motor Finance has warned that an uplift in used vehicle prices prompted by WLTP-sparked new car shortages “will not resolve quickly”.
Startline Motor Finance has predicted that dealers may shift their emphasis towards used cars in 2019 as a result of increased economic uncertainty.
Startline Motor Finance is expanding into larger offices following rapid growth over the last year.
Lenders have been called out by Startline Motor Finance for lagging behind on adopting e-agreement capability and impacting dealership finance performance.
Startline Motor Finance has welcomed Kevin Mooney as its new head of business intelligence to provide “expert data analysis”.
Startline Motor Finance has seen franchised car dealerships achieve 50% penetration with a new “flexible prime” PCP product launched only last month.
Car dealers have started rethinking their lending panels as economic pressures start to spark a reduction in the number of customers meeting “prime lender criteria”.
Startline Motor Finance is preparing to push into the franchised car dealer network after securing a new £250 million credit facility from major financial institution J.P. Morgan.
Startline Motor Finance has revealed that it intends to push its services into the top 200 franchise dealer groups as part of a new strategy designed to continue the business' growth momentum.
Startline’s enhancements to decisioning software will enable them to “look closer at circumstances” on finance applications.
Startline Motor Finance is extending its concept of flexible prime motor finance to more customers with the launch of its new Finishline product.
An e-agreement system has been adopted by Startline Motor Finance to speed up in-showroom motor finance deals and reduce paper usage.
Startline Motor Finance has appointed Sara Copeland as its first head of human resources after its team swelled to 55.
Almost 20% of all used car customers can be described as ‘near prime’, according to research by Startline Motor Finance.
Startline Motor Finance has created a new commercial team to improve the company’s motor finance penetration.
The SMMT has praised the government’s drive towards improved transport infrastructure and innovation in the EV sector following yesterday’s Autumn Statement as others eyed opportunity amid the uncertainty.
The next wave of motor finance technology should aim to better match customers with the solution that best meets their needs.
Dealers should consider pricing non-prime motor finance lower in order to win more business and question whether deals which demand high APR should be done, says Startline Motor Finance.
Dealers need to take a fresh look at their lending panel and see whether it is still fit for purpose in a post-Brexit world.
