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Used EVs selling faster than petrol for first time, Auto Trader finds
Used electric vehicles (EVs) are currently selling faster than their petrol counterparts for the first time, according to the latest statistics from Auto Trader. On average, a used EV is...
SMMT calls for increased support in the EV market
The Society of Motor Manufacturers and Traders (SMMT) has called for increased support to improve electric vehicle (EV) charging infrastructure....
Using Finance to Drive Deals as Lockdown Eases
Dealers are finally starting to reopen their businesses on a widespread basis. The world in which they are doing so...
Blue Motor Finance adds Standard Chartered & Schroders to platform
Blue Motor Finance has completed a syndication of part of its existing £300m forward flow transaction to Standard Chartered Bank...
Shire Leasing to provide finance for Manchester’s CAZ support scheme
Shire Leasing has been appointed as a funder for Greater Manchester’s Clean Air Zone financial support scheme (FSS). Eligible applicants...
Latest News
SMMT publishes marketing guidance for autonomous vehicles
The Society of Motor Manufacturers and Traders (SMMT) has published an industry guidance for marketing autonomous vehicles. Developed with the…
Volvo Group moves to electrify its company car fleet
Volvo Group has confirmed it will be electrifying its company car fleet, following the adoption of a whole life cost…
Cazoo targets European expansion with €30m Swipcar acquisition
Online car retailer Cazoo has confirmed the acquisition of Swipcar, a consumer car subscription platform based in Spain. Cazoo acquired…
The AA partners with LeaseLoco to launch Smart Lease product
The AA has signed an exclusive partnership with leasing comparison site LeaseLoco to support its Smart Lease product launch. Smart…
Blogs
Going up!
Anglia UK managing director, Mark Scotney, looks at the unprecedented demand for used cars and what this could mean for the future of the finance...
The route to net-zero remains a bumpy road
The road to net zero is a complicated one for commercial transport companies. The need to reduce emissions and go electric is competing against not...
Is there a debt tsunami looming as the furlough scheme ends?
The Coronavirus Job Retention Scheme (JRS) was introduced when the first Covid-19 lockdown was enforced in March 2020. The scheme has successfully protected millions of...
Car finance requests boom after regulation shake-up
The car finance industry has been dominated by face-to-face interactions, with in-person dealership negotiations being the norm for customers. Traditionally, this has meant that salespeople...
Blockchain in automotive: how will it transform the used car and insurance market?
Is blockchain revolutionary or evolutionary? Ross Thompson, accountancy and finance lecturer at Arden University, would argue it is the latter. Here he explains how blockchain...
Can power grids survive the transition to electric vehicles?
The electrification of the automotive industry represents one of the most dramatic shifts in energy consumption behaviour in human history. But will the power grids...
Sustainable steel production? Volvo and Daimler invest
A great deal of automotive ESG initiatives are currently focused on reducing the sector’s greenhouse gas emissions by electrifying the vehicle fleet, but that only...
In numbers: the semiconductor chip crisis
The automotive industry’s chip shortage has transitioned from being a seemingly minor irritation when murmurings were first heard out of China in December 2020, to...
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Expert Commentary & Analysis
View MoreUnder the microscope: the FCA’s ‘Consumer Duty’ proposals
Earlier this year, the Financial Conduct Authority (FCA) published proposals for a new Consumer Duty that would set clearer and higher expectations for firms' standards of care towards consumers. Sushil…
Challenges facing the automotive market in 2021 and beyond
The automotive sector has seen substantial change in the last few years, not all of which has been driven by the Covid pandemic. Fluctuating fuel prices, environmental regulations, ride-sharing, the…
Charging towards an electric future
2020 was a year like no other bringing significant changes to travel patterns, business operations and working life. David Bushnell, principal consultant at Alphabet (GB), looks at the accelerating uptake of…
Affordability and irresponsible lending
There has been an increase in claims management activity regarding complaints and claims alleging irresponsible lending. Martin Ward and Gary Orritt from Eversheds Sutherland investigate in more detail… Such complaints…