All articles by Verdict Staff
Verdict Staff
NFDA: dealer satisfaction with finance options rising slightly
Dealers satisfaction with manufacturer finance programmes grew slightly between winter 2014 and summer 2015, from 7.3 out of 10 to 7.4, according to the National Franchised Dealers Associations (NFDA) 2015 Summer Dealer Attitude Survey.
FCA to launch Financial Services Register
The Financial Conduct Authority (FCA) will launch a new register on 7 September, which will include consumer credit firms, to make the search for registered companies or individuals easier.
How far is the data from the sales reality?
We now have registration data for the first six months of 2015 and, at first glance, it’s good news with volumes a whisker away from being 7% up over 2014. The concern, however, echoed by many inside and advising the downstream sector, is registration data moving further away from the reality of sales. Targets for dealers are higher than ever and more and more innovation is creeping in to the monthly statistics.
Low-emission cars could yet have their day
The NACFB annual survey shows a big rise in the value of vehicle finance deals over the last 12 months. Our brokers report an increase in vehicle finance funding from £835m to £1.24bn, an increase of about 50% on 2014’s figures.
PCP is tempting consumers to alter the clock
The issue of vehicle clocking keeps appearing in the news recently and is one that has troubled the automotive sector for many years now, but it has developed some new dimensions with the increase in mileage penalties with vehicle finance options such as personal contract purchase and personal contract hire.
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Register with all finance history checking companies to stamp out vehicle fraud
Following the news that a third of My Car Check finance checks highlight active finance agreements, parent company CDL looks at some of the pitfalls finance companies can fall into, and why you need to ensure you’re covered with all the major provenance checkers
Finance trend spotting Stateside
Bridget McCrea looks at some of the most important developments that are emerging right now in the US auto financing market
Consolidation among the collectors
With the regulatory burden caused by the FCA biting hard, and with lenders increasingly looking to keep customers in their cars for longer, the recoveries industry is not without its challenges. But, as Jonathan Minter has found out, these challenges have also presented opportunities.
Car hacking incidents and lawsuits raise concerns over vehicle vulnerability
A rise in technologically advanced, connected cars have left many new models vulnerable to sophisticated hackers. Yet, as Sotiris Kanaris found out, we are only beginning to take cyber security in our cars seriously.
Online transparency important for finance
Jonathan Minter speaks to Paul Harrison, head of finance at Auto Trader, about the impact of the internet on the new car market