All articles by Jonathan Minter
Jonathan Minter
Jonathan is the editor of Motor Finance magazine. You can reach him at jonathan.minter@verdict.co.uk
Close Brothers: dealer competition set to increase
Competition between dealers is set to increase due to the increased purchasing power consumers received from the Consumer Rights Act, according to James Broadhead, chief executive officer of Close Brothers Motor Finance.
Hitachi: dealers face £246m revenue gap
Dealers are collectively missing out on up to £246m a year in finance revenue ono used vehicle through using difference in charges (DIC) commission structures rather than annual percentage rate (APR) commission structures, a survey by Hitachi Capital Motor Finance has found.
VW emissions scandal bites into profit margins
Volkswagen profits for the first nine months of 2015 were down 64.5% down year-on-year to £3.3bn, with the 6.7bn set aside to pay for the emissions scandal being the primary cause for the falling profits.
Moodys: VW scandal highlights serious governance problems at VW
Ratings agency Moodys has said that the Volkswagen emission scandal has highlighted some serious corporate governance problems of the manufacturers.
P2P firm to pay top dollar customer redress
P2P lender Dollar Financial, trading as The Money Shop, PayDay UK, Payday Express and Ladder Loans, has agreed with the Financial Conduct Authority (FCA) to refund over £15.4m to 147,000 customers.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
McDermott: recent regulatory activity unsustainable
Tracey McDermott, acting chief executive at the Financial Conduct Authority (FCA), has acknowledged that the recent intensity and volume of regulatory activity is not sustainable in a speech delivered at the City Banquet, Mansion House.
Osborne: Wheatley wasnt the right person for next phase of the FCA
UK Chancellor of the Exchequer George Osborne has described Martin Wheatley, former chief executive of the Financial Conduct Authority (FCA), as not the right person to continue leading the regulator at a Treasury Select Committee hearing.
Carfinance247 launches members portal
Online broker Carfinance247 has launched a new members area on its website for customers who have already applied for finance to search for vehicles from one of its accredited dealer partners.
Experian: Used car sale growth at decade high
Used car sales increased at their fastest rate for ten years in Q2 2015, according to Experian.
FLA: almost 70% of consumer credit firms under estimated costs of FCA regulation
Financial Conduct Authority (FCA) regulatory costs were higher than 68% of consumer credit companies had initially budgeted for, according to the a poll taken at the Finance & Leasing Associations (FLA) latest regulatory conference.