IASB and FASB fail to converge on lease accounting
Despite years of attempts, complete convergence on lease accounting has ultimately failed to materialise, as the International Accounting Standards…
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Isabella Grotto
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Car buyers increasingly cautious – The Funding Corporation
The number of car buyers "maxing out" their borrowing ability is on the decline as consumers choose vehicles priced…
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Close Motor Finance expands motorcycle division
Close Motor Finance has added three motorcycle account specialists as part of plans to expand its service to dealers…
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Car Loan 4U makes senior marketing and tech appointments
Macclesfield-based car finance provider Car Loan 4U has appointed Katy Lomax as marketing director and Martin Jones as chief…
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Passenger car registrations continue to rise in June – ACEA
Car registrations in Europe were up 4.5% in June compared to the same period in 2013, according to the…
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Part-exchange vehicle values rise in June – Manheim
Part-exchange vehicle values increased an average of 1.8% to £3,135 in June compared to the previous month's figure of…
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Used car values continue to climb – BCA
The average value of used cars has continued to climb, rising £174 in the second quarter of 2014 compared…
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Battery lease schemes key to used EV sales
Car manufacturers who provide a battery lease scheme for used electric vehicles (EVs) will be rewarded by a "dramatic"…
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Intelligent Car Leasing first ever to accept Bitcoin
UK lease broker Intelligent Car Leasing is to accept Bitcoin as a method of payment for the handling charge…
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Renault registrations soar in Europe
French car manufacturer Renault saw its sales increase 13% in Europe during the first six months of 2014, according…
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iVendi provides free finance calculator to Motors.co.uk dealers
E-commerce provider iVendi has partnered with Manheim's used car classified platform Motors.co.uk to provide a finance calculator 'widget' to…
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France corrects EV rebate anomaly
The French government had amended an insurance discount anomaly affecting the purchase of electric vehicles (EVs), following widespread criticism…
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First stall for used car values in June – BCA Pulse
June marked the first decline in used car values, after three consecutive months of increase, according to the British…
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Ford widens gap on competitors
US car manufacturer Ford has grown its lead on its closest competitor Vauxhall to over 54,000 registrations during the…
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koda continues upward trend to record half-year
Czech car manufacturer koda has announced UK sales totalling 39,176 units for the first six months of 2014, its…
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Good performance in June for Mitsubishi Motors
Japanese auto manufacturer Mitsubishi saw its sales increase 204% in June, strengthening a year-to-date increase of 19% on 2013…
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RBS launches auto tooling funding
British bank RBS has launched a tooling fund worth £25m, aimed at UK car manufacturing tool suppliers.
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Country survey: slow recovery for the diseased Dutch car market
Following the 2009 low-point after the crisis, the Netherlands road to health looks slow and arduous. Isabella Grotto reports…
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BCA set to list
Vehicle remarketer British Car Auctions (BCA) is reportedly preparing a listing on the London stock market for the coming…
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Peugeot to cut its model range by half
Peugeot has decided to halve the number of models in its range from 26 to 13 over the next…
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UK auto manufacturing stalls in May
The number of cars produced in the UK in May fell 9.8% to 116,655 compared to the same month…
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“Post-it note” approach to data security must change – iVendi
Auto e-commerce firm i-Vendi has warned motor dealers must cease the existing "post-it note" approach which often sees sensitive…
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Gumtree motors reaches 1,000 dealers
Strong growth in the motors division of UK classified website Gumtree has lead to the signing of over 1,000…
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BMW sets pricing indications for China auto-loan ABS
BMW Automotive Finance China has set out guidelines for the pricing of its first Chinese auto-loan asset-backed securities (ABS)…
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Older vehicles outperform newer used ones – NAMA
According to figures reported by the National Association of Motor Auctions (NAMA) for April, the value of older used…
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Birketts appoints head of automotive
British law firm Birketts has appointed Mark Henry as head of its automotive industry group.
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FCA warns logbook firms against poor behaviour
The UK Financial Conduct Authority (FCA) has found evidence of what it termed poor firm behaviour among logbook companies…
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New iVendi tool offers social media ‘personality picture’ of prospective customers
Vehicle e-commerce specialist iVendi is it to add a tool capable of drawing up a 'personality profile' of prospective…
ByArval releases apps aimed at motorists
BNP Paribas's vehicle leasing and fleet management arm Arval has released a range of interactive services named the Arval…
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Manheim shines in Nissan sale
An auction on behalf of Nissan Motors held by car auction house Manheim on 13 May saw all 227…
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Number plate change sparks record motor finance growth
According to figures released by the Finance & Leasing Association (FLA), the annual March plate change led to a…
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Toyota and Ford to securitize Chinese car loans
Car finance providers Toyota Motor Finance China and Ford Automotive Finance China have revealed plans to securitize a portion…
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Manheim Retail Services introduces virtual showroom tours
Manheim's car dealer services branch, Manheim Retail Service, has announced the introduction of a Google-powered service allowing dealers' to…
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Fleet Friday: risky business, fines and EV
A weekly round up of European and UK fleet news, this week featuring CD Auction Group, Chevin, Compare My…
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Mazda sales strengthen in April
Japanese car manufacturer Mazda recorded a 29.2% year-on-year increase in sales in April, totalling 13,201 vehicles.
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Average prices dip in April – Manheim
Selling prices for dealer vehicles at auction witnessed an fell 8.2% month-on-month decrease in April, according to figures released…
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ACEA elects new president
The European Automobile Manufacturers' Association (ACEA) has elected Carlos Ghosn, chairman and chief executive officer of Renault, as its…
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SUV winter lift fails to materialise – CAP Gold Book
The residual value performance for 4x4 vehicles failed to experience the winter uplift previously forecast, according to motor industry…
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Demand for motor finance persists
Consumer new car finance volumes grew 21% in March compared to the same month in 2013, according to figures…
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Used car values on the up in April – BCA
The headline average value of used cars increased £166 (2.2%) on previous months' figures to £7,553 in April, according…
ByBMW off to a roaring start in Q1
BMW Financial Services announced a 2.3% increase in finance deals during the first three months of 2014, totalling 348,072…
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Fleet Friday: Sacrifice Online
A weekly round up of fleet news from around Europe, this week Europcars adds SEATS, Fleet Logitics launches a…
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koda registers record first quarter
Czech car maker koda has announced it sold 247,200 vehicles during the first three months of 2014, setting a…
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Black Horse announces advertising agreement with CAP Automotive
Motor finance provider Black Horse has signed an exclusive advertisement agreement with CAP Automotive's consumer-facing website.
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Car Loan 4U appoints new chairman
Online car finance specialist Car Loan 4U has announced the appointment of David Kelly as Chairman.
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Kia posts Q1 success
The first quarter of 2014 saw a 5.2% upturn in business for South Korean manufacturer Kia Motors.
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Mazda posts record profit
Japanese auto manufacturer Mazda hit a new record in its 94-year history by registering a global operating profit of…
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Auto manufacturing grows in March
Car production in the UK rose 12% to 142,158 units in the month of March, showing a year-to-date increase…
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Arnold Clark locks in rate with Motors.co.uk
UK dealer group Arnold Clark has secured a new rate for the next two years with Motors.co.uk, ahead of…
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Benefits of association membership
The UK auto industry is facing a decisive year. NACFB vehicle finance director Graham Hill speaks to Isabella Grotto…
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Country Snapshot: Italy
While Britain's auto industry continues to thrive, in Italy an agonising downward trend is only just beginning to show…
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Tesla sets up finance arm
US electric car manufacturer Tesla Motors has expanded its leasing offering with the creation of a subsidiary, Tesla Finance,…
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Mazda sales climb 40% in March
Japanese automaker Mazda recorded sales of 8,576 cars in March, a 40% increase on figures from the same month…
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Audi records record month in March
German manufacturer Audi has registered record sales in March, both in the UK and globally.
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FLA financed car sales reach record high
The past twelve months saw the percentage of new car sales financed by Finance & Leasing Association (FLA) members…
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koda extends car finance campaign
Czech auto manufacturer koda has decided to extend its '3 Big Reasons' finance campaign into the second quarter of…
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Videos boost Audi finance web traffic
Passenger vehicle manufacturer Audi has registered an 82% increase in visits to its web site following the launch of…
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SsangYong unveils new PCP scheme
South Korean motor company SsangYong has announced its first PCP scheme, as part of its plan to double sales…
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PCP is fastest growing UK car finance option, but HP remains favourite – Experian
Flexible consumer credit arrangements such as PCP and HP are gaining popularity in the UK, according to information services…
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Vauxhall aims to become the second biggest brand in Europe
Chevrolet's exit from the European market will help Vauxhall to return to profit by 2016 and re-establish its standing…
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Motor finance market up by a quarter in January 2014
Figures released by the Finance & Leasing Association (FLA) show a 31% growth in dealer finance in the first…
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Impact of extended warranties on used values made clear by Glass’s
Research by car valuation service Glass's suggests that free extended warranties tend to have a positive impact on residual…
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