Mar 19, 2019: Automotive data expert cap hpi has rescued financed vehicles worth millions of pounds from potential destruction as part of its Crushwatch initiative. During 2018, vehicles worth nearly £122 million were successfully returned to finance and leasin...

 

Mar 15, 2019: The recent Financial Conduct Authority (FCA) announcement on motor finance is set to challenge the traditional commission model, but any changes will be positive for the industry, according to executives at motor finance broker Jigsaw Finance. The...

 

Mar 08, 2019: Industry leaders have provided their views on the recently published report by the UK’s Financial Conduct Authority which raised serious concerns about the motor finance industry. The FCA is considering changes to the way in which commission model...

 

Mar 06, 2019: Vehicle dealers in the UK are showing a growing interest in using online services to source vehicle stock in a bid to protect margins, according to suppliers. Dealer profits are being squeezed by a rise in trade values for second-hand values becau...

 

Mar 04, 2019: The UK’s auto finance industry could face major changes to the way it operates after the Financial Conduct Authority (FCA) reported “serious concerns” about the way in which lenders are choosing to reward car retailers and other credit brokers. It...

 

Mar 01, 2019: Vehicle dealers are aiming to maximise motor finance penetration to generate additional revenues in a bid to offset reduced used car margins, according to a report from software solution provider iVendi. With values of high-quality stock in the us...

 

Feb 22, 2019: Online selling giant eBay has completed its acquisition of Motors.co.uk, the UK-based used car sales site. The business will join Gumtree UK, another eBay classifieds business, to offer a combined total of 620,000 car listings across the platforms...

 

Feb 12, 2019: Daimler Financial Services will rebrand as Daimler Mobility this year as demand for its wide portfolio of transport services increases. Senior executives announced the name change, likely to be introduced in July, as they revealed annual growth in...

 

Feb 11, 2019: Startline Motor Finance has revealed that half the business it writes with TrustFord Now is based on the UK company’s ‘flexible’ PCP product. The flexible PCP is an alternative source of funding when applicants are declined by more traditional pri...

 

Feb 11, 2019: New car marketplace Leasing.com has launched in the UK in response to changing car buying patterns among consumers. Executives behind the site, which has rebranded from ContractHireAndLeasing.com, say they are responding to a behavioural shift as ...