Nov 16, 2017: New business volumes in the point of sale (POS) consumer new car finance market fell by 11% in September, compared with the same month in 2016, latest figures from the UK’s Finance & Leasing Association (FLA) show. Its research also showed tha...

 

Nov 14, 2017: Research carried out by MotoNovo Finance has revealed that 89% of consumers in the UK are positive about the dealer finance experience. The finding comes from an independently managed customer monitoring programme run on behalf of MotoNovo Fi...

 

Nov 13, 2017: The European Automobile Manufacturers’ Association (ACEA) is calling for a fresh electric vehicle strategy from the EU after new data revealed that uptake of EVs is greatest in wealthy countries which use extensive grants and incentives. ACEA’s re...

 

Nov 09, 2017: Car dealers in the UK are sitting on 16% more unsold stock than they were just a year ago, with an additional £3.6 billion tied up in forecourt assets. The value of inventory held by UK car dealerships has reached a record £27.3 billion, up from £...

 

Nov 06, 2017: PSA Group and BNP Paribas have announced the closing of their joint acquisition of the financial operations of Opel and Vauxhall. A new organisation will now combine the existing brands of Opel Bank, Opel Financial Services and Vauxhall Finance, r...

 

Nov 03, 2017: PSA Group is expanding into the peer-to-peer used car market in France with the launch of carventura.com. With more than 3.8 million used cars sold in France every year, the peer-to-peer market is the country’s largest but analysis indicates it is...

 

Nov 03, 2017: MotoNovo Finance has launched a business-wide recruitment programme aimed at employing 200 new staff in the UK. It is adding roles in dealer development, customer care, collections, marketing and credit analytics as well as department heads and se...

 

Nov 02, 2017: Iconic car brand MG has placed auto finance at the heart of its expansion plans as it bids to double sales and enter new European markets next year. Annual UK sales are expected to more than double to around 10,000 units in 2018, following the lau...

 

Oct 31, 2017: The UK auto finance industry has been urged to review predicted residual values in the face of widespread changes in the automotive sector. This may cause short-term concerns if values are reduced, but it will be good for the long-term sustained s...

 

Oct 31, 2017: Volkswagen Financial Services is launching an online used car platform in Germany. The HeyCar service will be operated under a new business arm called Mobility Trader and will offer all automobile brands, not just Volkswagen Group vehicles. ...