The automotive sector could face production losses of £55.4bn by 2025 under a no-deal Brexit, according to a statement from Society of Motor Manufacturers and Trade (SMMT). Attributable to WTO...
There has been an increase in claims management activity regarding complaints and claims alleging irresponsible lending. Martin Ward and Gary…
Close Brother Motor Finance has launched an online finance calculator for dealers as part of its plan to enhance its digital offering. The calculator will…
As the UK enters into its second national lockdown, we will once again be updating this page daily with the latest news coming out of…
Alphera Financial Services is partnering with online used car marketplace BuyaCar to launch a finance product that allows consumers to…
Digital activity amongst dealers grew by a third during the first 10 days of the UK’s second lockdown, according to…
The UK is set to ban the sale of new internal combustion engine (ICE) models from 2030, Boris Johnson has…
Irish motor finance firm First Citizen Finance has raised over €176m through a securitisation of loans linked to the company’s…
Data compiled by GlobalData from various European trade associations shows that the Western European light vehicle market fell by 79.3% in April as COVID-19 lockdowns exerted their toll on vehicle…
It’s fair to say that firms are always keen to know ‘what’s coming’ from the FCA in order to anticipate the regulator’s concerns. Typically, this has been achieved by looking…
The fair treatment of vulnerable customers by creditors is a continuing focus of the regulators. Given the risk of large fines and customer redress payments, motor finance providers should consider…
On Tuesday 3 November, the United States takes to the polls in one of the most dramatic elections in recent memory. On the one side…
Data reveals new mid-year high for volume and value of uninsured vehicles, including supercars worth millions, from a potential scrapyard fate. £67 million worth of…
Multi-bid fleet acquisition policies are becoming an important method of cost savings for fleet managers in a post-pandemic business environment.…
Can asset finance brokers turn the FCA’s new discretionary commision regulations to their advantage? Absolutely, and technology is key. The…
The Covid-19 pandemic has placed new pressures on the motor finance industry, forcing finance and insurance (F&I) specialists to quickly…
Due to its global nature, the automotive industry has not been immune from the challenges posed be the COVID-19 outbreak.…
To repossess or not to repossess, that is the question!
These are unprecedented and extremely difficult times for the motor finance industry. Lenders are grappling with constantly changing Financial Conduct Authority (FCA) guidance, communications to customers, high call levels from…