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
MyCarCheck.com: No winter blues for used car values
With the exception of convertibles, the majority of used cars are looking to maintain their values, despite the traditional seasonal dip in value cars experience as the clocks go back, according to MyCarCheck.com, the trade valuations arm of CDL Vehicle Information services.
BCA: Used car market reaches 8 year high
Used car sales reached 7.4m in 2013, the highest amount recorded since 2006, according to figures released by British Car Auctions (BCA).
FLA: finance penetration reaches record high
The number of new cars bought on finance reached 143,135 in September, up 12% year-on-year, according to figures released by the Finance & Leasing Association (FLA). The value of advances for new cars in the month also grew, up 16% to £2,280m.
SMMT: 2014 car registrations surpass 2m
The total number of cars registered in the UK has risen 9.5% year-to-year (YoY) reaching 2.14 million, according to The Society of Motor Manufacturers and Traders (SMMT).
Warranty Group wants improved GAP transparency
Single source provider of warranty programs, The Warranty Group, has said improving pricing transparency would be the single biggest move the Financial Conduct Authority (FCA) could make to help customers make more informed choices over GAP insurance.
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Improved financial services cant stop BMW Group Q3 profits slipping
A 14.3% year-on-year rise in the pre-tax profits for BMWs financial services was not enough to stop BMW Groups total net profits sliding 1.2% year-on-year in the third quarter, to 1.31bn (£1.02bn).
Auto Trader: Dealer size is growing
There were 1,773 dealers with forecourts with over 50 cars in September 2014, compared to 1,367 in September 2013 a year-on-year (YoY) rise of almost 30% according to Auto Trader.
Grant Thornton expands automotive team
Accounting firm Grant Thornton UK has added Richard Parkin to its automotive advisory practise.
Mercedes-AMG to buy stake in Agusta
Mercedes-AMG, the sports car and performance brand of Daimler AG, has agreed to acquire 25% of Italian bike manufacturer MV Agusta.
Mazda profits continue to grow
Mazda Motor Corporations revenue for the half of its financial year 2014 (April to September) reached 10.5bn (£8.3bn), 16% above the same period 2013.