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Used EVs and hybrids top Aston Barclay’s desirability index
Aston Barclay, a Chelmsford-based auction group and vehicle remarketing business, has revealed its used car desirability Index for October, with an electric car, the Hyundai IONIQ the most in-demand across...
LeasePlan: EVs now cheaper to run than ICE vehicles in Europe
LeasePlan has published its 2021 Car Cost Index, which reveals that compact and mid-size electric vehicles (EVs) are cost competitive...
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 integrates Banked payments with banking app
Blue Motor Finance has partnered with digital payment provider Banked, offering customers a new way to pay directly using their...
September data from Leasing.com points to EV shift
The September data from Leasing.com has revealed continued growth in the enquiries for electric vehicles (EVs), driven by the ongoing...
Latest News
Auto Trader signs affordability tie-up with Experian
Auto Trader has partnered with Experian, giving dealerships and brokers a more insightful view of a potential customers’ affordability. Sellers…
SMMT: UK vehicle export revenues reach £27 billion in 2020
Vehicles have been confirmed as Britain’s most valuable trade good, with export revenues reaching £27bn in 2020, according to a…
UK car finance market falls 10% in August, FLA figures show
The UK consumer car finance market saw a 10% decline in August 2021, compared with the same month in 2020,…
Sofico Services UK appoints Andy Page as head of sales and marketing
Sofico Services UK has appointed Andy Page, formerly of Volvo Financial Services, as head of sales and marketing. Reporting to…
Blogs
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...
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...
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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…