Apr 19, 2018: Auto finance will be vital to driving future profit growth at Opel/Vauxhall as new owner PSA Group launches a Europe-wide review of the dealer network. Current dealer contracts will be terminated at the end of this month, affecting the entire 1,60...

 

Apr 18, 2018: A global study of auto dealer customer contact strategies has revealed how strategic failures are losing vehicle sales and finance deals. A study of current practices among dealers representing 17 automotive finance brands has found that while the...

 

Apr 03, 2018: Toyota Financial Services has launched in Ireland with a plan to write €70 million of business in its first year. The business is a joint venture between Toyota Financial Services and Toyota Ireland, the 100% Irish-owned distributor of Toyota and ...

 

Mar 29, 2018: UK fintech startup Oodle Car Finance has agreed a £100 million warehouse funding line with Citigroup. Oodle aims to merge car search and finance into a single digital process which pairs customers with cars, dealers and funding. The Citigroup fun...

 

Mar 29, 2018: A strategy for scaling up demand for new mobility services has led to a unique alliance between two of the world’s biggest automotive rivals. The BMW Group and Daimler are merging their mobility services businesses, giving them a combined reach of...

 

Mar 24, 2018: Specialist dealer Classic Motor Cars (CMC) has launched a bespoke personal finance package with high-end vehicle finance company JBR Capital for purchases and restorations. The available restoration finance options include staged payments and earl...

 

Mar 21, 2018: Strong growth in UK used car finance gave a boost to the market at the start of this year, according to latest figures from the Finance and Leasing Association. New business in the point of sale (POS) consumer car finance market increased 7% by vo...

 

Mar 09, 2018: The Finance & Leasing Association (FLA) has launched a motor finance specialist apprenticeship to offer employment and training opportunities in the sector. The launch of the apprenticeship is the culmination of 18 months of discussions betwee...

 

Mar 08, 2018: Annual sales of cars and commercial vehicles rose 2.6% last year, but demand is shifting in a changing global market. The automotive industry sold 86.05 million cars and commercial vehicles around the world in 2017, a rise of more than 2 million u...

 

Mar 06, 2018: Finance sales technology company Codeweavers aims to help phase out traditional stand-alone point-of-sale systems that have been at the heart of dealer operations for decades. Traditionally, point-of-sale technology has been unique to finance comp...