All articles by Mike Cobb
Mike Cobb
Motorpoint extends pay-later scheme
UK independent car retailer Motorpoint has extended its Buy Now, Pay Later promotion for one more month until the end of December.
US delinquencies up as terms increase
Delinquencies on US car loans continued their steady climb as 35 States reported increased ratios of non-payments for Q3 of 1.04%, a quarterly rise of 17 basis points (bps), according to credit rating agency TransUnion.
Financial director appointed at Car Loan 4U
Paul Ramsden has been appointed as financial director of car finance broker Car Loan 4U after a year of substantial growth at the web-led broker.
MotoNovo: No brake on ABS
UK based vehicle finance company MotoNovo has issued its fourth securitisation in its ‘Turbo’ programme to fund future deals.
Profit staggers for global OEM captives
Third-quarter results for the global captive finance partners of major car manufacturing groups have shown profits dip or remain flat.
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DSG – koda and BMW deals
Car finance broker DSG has begun limited deals, both retail and commercial, on BMW and koda models.
BCA to auction second McLaren
BCA car auctions are set to offer a second McLaren Supercar at auction on Wednesday 13 November following an earlier, successful sale in October.
October part-exchange prices rise – Manheim
Average part exchanges have continued their climb in value by 3.9% to £2,898 month-on-month, despite the a continual annual increase in the age and mileage of cars coming to auction, according to figures from car remarketing group Manheim.
Finance deals to affect used stock
Manufacturer’s captive finance deals are now so cheap they are driving down the demand for used vehicles according to car remarketer the CD Auction Group (CDA).
Dealer financed deals climb 19% in September
Consumer new car sales using dealer finance saw a 19% rise in September compared to last year, according to data released by the Finance & Leasing Association (FLA).