All articles by Richard Irvine-Brown
Richard Irvine-Brown
Conquest ambition in the UK
Paul Philpott, president and chief executive at Kia Motors UK talks to Richard Brown about the brands retail ambitions and its finance joint venture with sister-marque Hyundai and Santander Consumer Finance
G3: 10% of market stock damaged
Up to 10% of all used vehicles purchased at auction by dealers are bought without the full condition of the vehicle made clear to buyers, according to G3 Remarketing.
Co-operative Bank reports heavy losses
The Co-operative Group has reported an underlying operating loss of £356m for the first half of 2013, compared to a £140m profit for the first six months of 2012.
FCA opens interim permission registration for consumer credit
On 1 September the Financial Conduct Authority (FCA) opened registration for interim permission for firms wishing to continue with current consumer credit operations.
Oracle Q2 business rise
Car finance broker Oracle Finance has recorded its best-ever quarter of business since its inception seven years ago.
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Chinese manufacturer permitted to begin domestic finance operation
Chinese manufacturer Great Wall Auto, has begun a finance operation in its domestic market in partnership with Tianjin Binhai Rural Commercial Bank, according to Chinese automotive news website Gasgoo.com.
FLA membership notes gains across sectors
Although many Finance & Leasing Association members supply car finance alongside either other commercial or other retail finance, it is motor lending which continues to post the greatest year-on-year gains, aside from second mortgages, which is operating from a
lower base.
Equifax: Car loans now 50% of US non-mortgage credit
More than $196bn (£126bn) has been lent in new finance on cars in the US from January to May 2013, according to credit reference agency Equifax.
Volvo 2013 break-even plans, despite sales and revenue loss
Volvo sold 269,765 units worldwide between January and August 2013, down 2.5% compared to the same period in 2012, despite sales growing 4.7%, year-on-year in August, to 26,998.
Alphera warns partners to check credit licences
Car finance provider Alphera Financial Services has urged motor retailers to organise themselves in response to the Consultation Paper (CP) published in March regarding the transfer of consumer credit regulation to the Financial Conduct Authority (FCA) on 1 April 2014.