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Average used car price jumps 18.6% on Auto Trader
The average price of a used car increased 18.6% year-on-year to £17,754 last week on Auto Trader, driven by significant consumer demand. Searches and advert views on the site were...
FINAL CALL: Motor Finance Awards deadline extended to Friday
The nomination deadline for the Motor Finance Europe Awards has been extended to lunchtime Friday 17 September. Entry to the...
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...
Cazoo acquires logistics company SMH Fleet Solutions
Online car retailer Cazoo has acquired SMH Fleet Solutions, a vehicle preparation, logistics and storage business, for approximately £70m in...
Go Car Credit to launch lower-interest 29% APR product
Go Car Credit has launched a lower interest 29% APR product that will be available from September 2021. The company...
Latest News
Startline Motor Finance unveils data insight tool for dealers
Motor finance company Startline has released a data insight tool, designed to help dealers gain a greater understanding of the…
MotoNovo Finance MD Karl Werner joins the Automotive 30% Club
Karl Werner, the managing director of MotoNovo Finance, has become the latest business leader to join the Automotive 30% Club.…
Commuters prefer driving to work over public transport, survey reveals
The pandemic has led to a spike in commuters opting to drive to work instead of using public transport, a…
Consumer car finance market falls 20% in July, FLA figures show
The UK consumer car finance market saw a 20% year-on-year fall in new business volumes in July, according to the…
Blogs
Automotive still has an opportunity in this market
Despite rising inflation, the price of people and debts being called in, automotive still has opportunity in this market. Brendan Clarkson, director of national creditor...
Overloaded recovery trucks: a weighty issue
The issue of overloaded recovery trucks is a growing but often unrecognised problem in the motor finance industry. Jamie Palmer, head of group operations for...
Leasing could become the gateway to increasing EV ownership
The pandemic has brought profound change to many people’s lives. It has triggered house moves, made home-working an integral part of millions of people’s jobs...
How car dealers can gear up to support Clean Air Zones
David Nield, managing director of V12 Vehicle Finance, outlines how dealers can prepare for an anticipated surge in demand for low emission vehicles, following the...
Automotive retailers have an EV opportunity to protect and thrive
Mike Todd, chief executive of Volkswagen Financial Services (VWFS), explores the ways in which car retailers can enhance their offering to help drive EV adoption....
Car retailing & distribution: a paradigm shift looms
The European car industry is on the threshold of potentially seismic change in how new cars are distributed. James Powell, head of asset & consumer...
Will we see a Netflix-style subscription model in car financing?
Paul Harrison, head of strategic partnerships at Leasing.com, explores the potential for a subscription-based future, the increasing popularity of EVs and shifting consumer behaviour at...
A year of challenge and growth for Mann Island Finance
John Hughes, managing director of Mann Island Finance, discusses the challenges faced by the company and the wider industry since the start of the Covid-19...
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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. Gowling’s Stuart Young writes. Fluctuating fuel prices,…
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…