25 January MotoNovo increases dealer support during lockdown MotoNovo Finance has confirmed two initiatives designed to support its dealers through the latest lockdown period: Vehicle Stocking – with immediate effect,...
Santander Consumer Finance (SCF) recently revealed plans to launch an online marketplace for dealers to market their vehicles. Labelled Your…
The Financial Conduct Authority (FCA) has updated the guidance on consumer credit, enabling firms to repossess vehicles from 31 January 2021. Published in November 2020,…
Japanese car manufacturer Nissan has confirmed that it will not be closing its Sunderland factory, following months of uncertainty surrounding a potential Brexit agreement. Ashwani…
Used car prices in the UK continue to record strong levels of growth despite current lockdown measures, according to the…
Alphera Financial Services enjoyed its record annual performance in 2020, signing 104,504 finance agreements representing 20.6% year-on-year growth. This amounted…
With the Financial Conduct Authority (FCA) ban on discretionary question looming, AutoProtect Group have sought to provide greater clarity over…
StoreDot has launched the first ever five-minute charge electric vehicle (EV) battery, representing a major milestone in the quest to…
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…
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…
Lockdowns, tiers, self-isolation, quarantines, furlough. The new vocabulary of 2020 has brought its own set of opportunities and challenges for the motor finance sector, not…
The Covid-19 pandemic has changed the way that automotive retailers and finance specialists operate, with digital activity soaring. After an initial period of disruption, however,…
Covid-19 drastically altered commuting over the past few months. At first, as people were encouraged to work from home where…
On Tuesday 3 November, the United States takes to the polls in one of the most dramatic elections in recent…
Data reveals new mid-year high for volume and value of uninsured vehicles, including supercars worth millions, from a potential scrapyard…
Multi-bid fleet acquisition policies are becoming an important method of cost savings for fleet managers in a post-pandemic business environment.…
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…