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FLA: car finance new business volumes up 33% in November
New business volumes in the UK consumer car finance market rose by 33% year-on-year in November, according to the latest statistics from the Finance & Leasing Association (FLA). In the...
AutoProtect appoints Mike Edwards as chief sales & marketing officer
AutoProtect Group has appointed Mike Edwards as chief sales and marketing officer, bringing significant automotive experience to the role. Edwards...
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...
Volkswagen brand vehicle sales down 8.1% in 2021
Although it posted strong sales of electric vehicles, Volkswagen brand vehicle sales were down 8.1% in 2021 due mainly to...
Motor finance for Millennials and Zoomers
The younger end of the motor finance market is online, environmentally conscious, and more used to subscribing than owning. How...
Latest News
Margin retention ‘key for retailers’ as supply chain problems continue
Retailers must focus on margin retention and profit, as supply chain shortages are unlikely to ease until later this year,…
Used demand leaving dealers short of stock, survey finds
Eight in 10 motor dealers have seen a surge in demand for used car stock in the last six months,…
ALD Automotive signs MoU in €4.9bn LeasePlan acquisition
ALD Automotive has signed a memorandum of understanding (MoU) to acquire 100% of LeasePlan for a total sum of €4.9bn.…
V12 Vehicle Finance pledges green car fleet by 2024
V12 Vehicle Finance has committed to introducing a fully electric and hybrid fleet by June 2024 as part of its…
Blogs
Monetising vehicle data a ‘key opportunity’ for auto manufacturers
It has been five years since consulting firm McKinsey & Company revealed its ‘Monetizing car data’ report – forecasting that the vehicle data industry could...
Second-hand car industry supply issues drive demand in digital marketplaces
Garry Jones, chief executive of NovaFori, looks at the current state of the second-hand car industry. Prices in the second-hand car market are rising and...
Navigating the post-pandemic motor industry: how the used car market erupted
The past 18 months have indisputably presented big challenges for dealers – and if the struggle of navigating the post-pandemic world wasn’t enough already, the...
A year in review: 2021 – shortages, surges and savvy drivers
The automotive industry has experienced a remarkable 20 months. The pandemic and the various lockdowns that resulted, the global semiconductor shortage, supply issues resulting from...
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...
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Expert Commentary & Analysis
View MoreElectric cars challenge established car delivery logistics
The vehicle movement industry is set for a major shake-up with the introduction of electric vehicles (EVs), especially when it comes to trade plate logistics – one of the most…
Under 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…