All articles by Verdict Staff
Verdict Staff
HPI Crushwatch
HPI Crushwatch is an online service aimed at helping lenders reclaim vehicles with outstanding finance before they get crushed
New dealer portal for Cumbrian lender H&H
An independent lender based in Cumbria has embarked on a programme of sales expansion, after experiencing a drastic reduction in competition in its immediate surroundings. According to H&H Borderway Finance (HHBF), the past decade has seen all the major national finance companies close their offices in Cumbria and south west Scotland, leaving the company as Cumbrias only local motor finance provider.
FLA motor finance statistics
56% of new car sales used motor finance in the year to May 2011, the highest market share since March 2009 Year-on-year change in finance sales volume has fluctuated in the first five months of the year, confirming industry expectations of a flat overall market, governed by consumer confidence and characterised with seasonal volatility Leasing and personal contract purchase agreements for new cars grew by 14% in the 12 months to May 2011, compared to the previous 12 months
Used car values
June was generally a steady month that saw some price realignment from vendors. This helped keep the volume churning as the month progressed, and as a result conversion rates picked up quite noticeably.
FLA motor finance statistics
Rate of decline in used car finance outpaced that of new car finance, continuing the trend identified in March Value of advances in used and new categories now almost equal after March’s new plate boom Business purchases on finance plunged in April, despite SMMT stats showing overall fleet and business registrations being up significantly year-on-year
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Used car values
Typical late springearly summer marketplace some price pressure but lots of interest for most desirable vehicles.
BMW introduces 50:50 finance offer
BMW Financial Services (BMWFS) has announced a new 50:50 product, which allows customers to pay 50% of a cars value up front, then absolutely nothing for two years,. After this time, they may either pay the balance to take ownership of the car, part exchange the car for a new one, or hand it back to the dealer.
People on the move
Peter Cottle, managing director of consultancy Torque Finance, has been appointed as head of business development at BEN, the automotive industry charity. Cottle is a former senior director at Bank of Scotland Corporate, where he was responsible for retail and wholesale motor finance business. BEN provides practical, emotional and financial support for those who work, or have worked, in the automotive and related industries, as well as their dependents
HPI Crushwatch
HPI Crushwatch is an online service aimed at helping lenders reclaim vehicles with outstanding finance before they get crushed