All articles by Verdict Staff
Verdict Staff
Moneyway ups lending as finance grows
John Simpson discusses current trends in the car industry, opportunities for motor finance providers, and what to expect in the coming months
How to treat vulnerable customers fairly
The FCA has recently re-emphasised the need to treat customers with mental capacity limitations fairly. Not only does the Consumer Credit Sourcebook (CONC) have a section dedicated to this issue, but it is also arises in other areas of CONC, for example when dealing with arrears and collections.
End of an era
One of the seeming facts of life is that once you enter the motor finance industry, there is a high chance youll never leave it. And while moving to Auto Trader may not seem like a massive jump from this market, the loss of Paul Harrison, head of motor finance at the Finance & Leasing Association (FLA) will still be keenly felt by those in the industry, just as finance companies start their applications for full Financial Conduct Authority (FCA) authorisation.
Strong sales persist at auction houses
Jonathan Minter examines the remarketing industry to see what has been influencing the market, what the latest trends have been, and how the internet has revolutionised the way auction houses do business.
Affordabilty and the rise of big data
Andrew Ballard, principle consultant of Experian’s Automotive Business, has a lot on his plate. With the industry increasingly looking at affordability checks, and big data becoming increasingly important, Experians numerous services in the industry are becoming increasingly popular. Ballard speaks to Motor Finance on these topics and discusses some of Experians current projects
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BCA plans Perry Barr auction site
British Car Auctions has gained planning permission to build an operation at Perry Barr, which is to act as a complementary multi-channel remarketing and logistics facility to its existing businesses at Castle Bromwhich and Walsall.
Casebook remove data with caution
In Chatfields-Martin Walter Ltd v Lombard North Central, the claimant (CMW) contracted to purchase a van owned by Lombard North Central Plc from Trade Vans Direct Limited (the hirer) hired to the hirer pursuant to a hire purchase agreement. The intention was for the hirer to pay out Lombard, thereby getting title and then sell the vehicle to CMW which would sell the vehicle to a third party.
SMA Vehicle Remarketing partners NextGear Capital
SMA Vehicle Remarketing is to offer its customers online payments and access to NextGear Capitals StockMaster system after the two companies signed a partnership agreement.
Fleet Friday: Man alive its Friday
The weekly round up of fleet news. This week featuring Bingo, new operations, appointments and networks, and some disputed figures. By Jonathan Minter
The new sheriff in town
Jonathan Minter speaks to the FCAs Susan De Mont on the FCAs views and intentions for the motor finance industry