All articles by Hannah Meltzer
Conversion is now the biggest fraud worry
Nearly 750 cases of car finance fraud were recorded in the 12 months to September, an 11% reduction on the previous 12 months, although conversion fraud remains a worry, according to the latest figures from the Finance & Leasing Association.
Retail-strong UK sales buck Euro trend – PwC
Autofacts, the automotive unit of PricewaterhouseCoopers, has claimed the boost in UK new car registrations above expectations is being fuelled in private retail sales, up 23.9% year-on-year in October, rather than business or fleet orders.
Equifax offers income data to consumer lenders
Consumer credit information agency Equifax has launched the Equifax Financial Stability Exchange, a database which will provide consumer lenders with declared and verified income data.
MotoNovo expands following £1.8m investment
Independent car finance provider MotoNovo is set to use a £1.8m investment from parent company WesBank to fund a significant expansion drive.
Inchcape raises over £30,000 for BEN
Inchcape, dealer group and fleet service provider, has raised almost £32,000 for charity as 100 volunteers from the organisation completed the Three Peaks in 24 hours Challenge.
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Auto Trader and Car Loan 4U finance partnership
Auto Trader has announced a new partnership with online car finance broker Car Loan 4U.
SsangYong pushes for sales with 0% promotion
Korean manufacturer SsangYong will be offering 0% finance packages on their Rodius and Korando models in a promotion running until mid-December.
CAP appoints MD, accelerated growth plan
Leeds-based vehicle valuations, technical data and business services provider CAP has appointed Matt Thompson as its marketing director.
CRM software brings unexpected lift at Swansway
Family-run dealership Swansway Group, based in Crewe, has attributed higher-than-expected year-on-year results to CRM management software.
RSG places high in Legal 500
UK legal directory Legal 500 has placed Shoosmiths Recoveries Services Group (RSG) in Tier 1, the top league ranking in the annual guide, for debt recovery in London. Shoosmiths RSG works with lenders as well as corporates and PLCS and its clients include UK and European banks, finance houses, building societies, manufacturer-owned motor finance companies, and independent asset finance and motor finance companies. Waine Mannix, partner and head of Shoosmiths RSG, said the London table was recognised in the legal profession as including the best in the country making it effectively the national ranking.