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UK ‘pingdemic’ causing staffing issues for remarketing sector
With thousands of workers being ‘pinged’ by the government’s Test and Trace app, the remarketing sector is suffering from staffing shortages, says the Vehicle Remarketing Association (VRA). This issue is...
EV and hybrid adoption gathers steam on Leasing.com
Leasing enquiries for electric vehicles (EVs) were up 20% in the second quarter of 2021, according to data from Leasing.com....
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...
EV subscription firm Onto eyes UK expansion with £126m funding
Electric vehicle (EV) subscription service Onto has raised $175m (£126m) to expand its services in the UK. Onto’s service aims...
Semiconductors continue to chip away at global vehicle sales in June
Automotive market recovery from the worst of the pandemic is being held back by the global semiconductor shortage. The month...
Latest News
Volvo Cars hit record six-month performance in H1 2021
Volvo Cars posted the best half-year (H1) results in terms of sales and operating profit in its 94-year history despite…
Cox Automotive downgrades new car forecast amid supply issues
Cox Automotive has downgraded its new car forecast for the rest of 2021 due to supply issues, despite consumer demand…
Volvo to take ownership of China manufacturing and sales
Volvo Cars has agreed to buy out its parent, Geely Holding, from their joint ventures in China in a deal…
Volkswagen Touareg takes top spot as UK’s fastest selling used car
The 2016 Volkswagen Touareg has been revealed as the UK’s current fastest selling used car. According to Auto Trader’s Fastest…
Blogs
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...
Dealerships accelerate digital activity as restrictions begin to ease
With the rapid acceleration in online car sales, Mike Todd, chief executive of Volkswagen Financial Services UK, says retailers who develop a blended approach of...
Toyota could use Tesla EV tech to leap ahead of rivals
Toyota may be preparing to launch a small electric SUV using technology provided by Tesla, according to rumours circulating across a number of outlets. If...
Why automotive retail has changed forever
Auto Trader’s chief executive, Nathan Coe, explains why and how the last 12 months have changed the way consumers buy cars, and the way retailers...
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Expert Commentary & Analysis
View MoreChallenges 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…
To repossess or not to repossess, that is the question!
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…