All articles by Richard Irvine-Brown
Richard Irvine-Brown
Mercedes drops PCP monthly rates in Q4
Mercedes-Benz has lowered the monthly payments for its A-Class model to £249 a month, alongside offers on other models, when purchased on PCP before 31 December.
Volvo signs with BNP Paribas
Volvo Car Group has added BNP Paribas as a financing partner within its ‘core relationship banking group’.
BMW launches Rolls-Royce finance
BMW Group Financial Services has launched Rolls Royce Motor Cars Financial Services, under the management of Andy Gruber.
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.
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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.
MotoNovo: Newer tech for older car sales
Digital media now accounts for half of the direct ways in which consumers research used car purchases, with customers spending more time researching purchasing and finance options online, according to a survey commissioned by independent lender MotoNovo Finance.
VWFS raises £23,000 for Cancer Research
More than 30 employees of Volkswagen Financial Services have raised over £23,000 by taking part in the Great North Run.