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Rising motor insurance costs in UK sparks flurry of complaints, says FCA
Britain's financial services watchdog has revealed that the rise in motor insurance costs has triggered a wave of complaints as …
Volvo’s vision and navigating the shift to EVs
Volvo Cars' recent decision to cease production of diesel models marks a significant milestone in the automotive industry's transition towards …
Tesla faces threat to European BEV lead amidst rising competition
Tesla's dominance in the European battery-electric-vehicle (BEV) market may be in jeopardy as the overall market share for BEVs is …
Volvo approves leases faster using FICO Platform
Volvo Cars has improved its customer onboarding process across diverse segments following its collaboration with global analytics software provider FICO, …
China’s Chery Automobile partners with Octopus to enter UK car rental market
Chinese state-owned carmaker Chery Automobile has forged a strategic partnership with UK-based Octopus Electric Vehicles to lease its Omoda electric …
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Knowledge sharing puts finance sector among best for cybersecurity – expert
The culture of knowledge sharing for cybersecurity within financial services has made it among the most digitally secure, according to …
Polestar achieves 9% reduction in GHGs per car sold in 2023
Polestar, the Swedish electric performance car brand owned by Volvo and renowned for its electric vehicles (EVs), has released its …
Which? exposes APRs up to 40% for monthly car insurance payments
Which? investigators uncovered that certain car insurers apply APRs as high as 39.11%, with an average rate of 23.37% across …
Inchcape seals £346m deal to sell UK dealership business to Group 1
Inchcape has signed a definitive agreement to offload its UK automotive retail operations (Inchcape UK) to Group 1 Automotive for …
Almost one in 20 motor finance customers identified as vulnerable as FCA announces new review
Almost one in 20 motor finance customers have been identified as vulnerable by iVendi as the Financial Conduct Authority (FCA) …
72% of dealers believe trend is developing against agency model
Almost three-quarters of dealers (72%) believe that there is a trend developing against manufacturer agency models, new research shows. April’s new …
Close Brothers Motor Finance implements remote identity checks
Close Brothers Motor Finance has recently integrated remote identity checks into its finance application process to enhance security. The new system, …
SDV and AI car market expected to surpass US$700bn by 2034
A recent report by IDTechEx forecasts substantial growth in the SDV (Software-Defined Vehicles) and AI cars market, estimating it to …
Shoreham Vehicle Auctions raises £300k for Chestnut Tree House Children’s Hospice since 2011
Shoreham Vehicle Auctions (SVA) raised £30,000 during its recent March charity auction week for the Chestnut Tree House Children’s Hospice …
AFP urges fleets to verify vehicle registration as errors increase
The Association of Fleet Professionals (AFP) has advised fleet operators to make sure that vehicles and vans are delivered with …