SMMT: Used market declines by 13.5% year-on-year
The used car market has suffered a decline in the second quarter of this year after achieving a Q1…
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Saad Ahmed
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Ford offers €30,000 for mobility solutions start-ups
Ford plans to offer mobility start-ups from across Europe, Israel, and Turkey the chance to win a share of…
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MotoNovo’s Werner: Effect of FCA remuneration review will be ‘significant’
The Financial Conduct Authority (FCA) review into remuneration practises in the motoring industry is likely to have a significant…
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97% say finance deal not significant when buying used car
A large majority of motorists, 97%, think that the offer of finance or a servicing deal is not a…
By Lookers operating profit up 13% in first half of 2017
National motor retailer Lookers achieved a 13% year-on-year increase in operating profit in the first half of 2017, according…
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FLA: New car finance down 8% year-on-year in June
Point of sale (POS) consumer new car finance business volumes fell by 8% year-on-year in June, according to the…
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Most consumers think easier for claims companies to handle PPI
More than half of consumers would rather use claims management companies (CMCs) to seek payment protection insurance (PPI) compensation…
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Blockchain could be used to prevent car clocking
The distributed ledger technology blockchain could be used to put an end to car clocking, according to VeChain, a…
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Volkswagen Connect telematics goes live across UK
Volkswagen has made its mobile telematics system available across the UK, providing a free connected dataplug in selected Volkswagen…
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Exclusive: Former Uber driver reveals negative Xchange Leasing experience
US-based ride-hailing giant Uber is shutting down its car leasing arm Xchange Leasing, putting hundreds of jobs at risk.…
By IMI: 51% fear being ‘car hacked’
More than half of car owners fear that their vehicle could be hacked, according to a survey conducted by…
By Uber to shut down car leasing business
Ride-hailing company Uber is planning to shut down its US car leasing business Xchange Leasing after higher than expected…
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BMW recommits to Allianz by signing insured warranty deal
BMW Group has signed a five-year contract with Allianz Worldwide Partners for it to provide extended warranty cover for…
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Arval: ‘Troubling’ that half of fleets unaware of company car tax change
Almost half of fleets were unaware of tax changes affecting company cars and cash allowances introduced in April, according…
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Cap hpi launches appraisal app
Automotive data provider cap hpi has launched an app for appraising vehicles, integrating valuations data. The app is available…
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Leasys takes over FCA Fleet Services to launch in the UK
Leasys, FCA Bank’s contract hire and mobility company has taken over FCA Fleet Services UK, which will now be…
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Carwow receives $39m in funding
Online car retailer Carwow has raised $39m (€32.9m) in funding to grow its UK operations and expand internationally. The…
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Volkswagen launches incubator for mobility start-ups
Volkswagen has launched a start-up incubator programme in Dresden in the ‘Transparent Factory’, its exhibition space and former manufacturing…
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Renault Group restructures UK fleet team
The UK arm of Renault Group has restructured its fleet team, creating a national fleet manager, expanding roles, and…
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PSA Group acquisition of Opel Vauxhall completed
PSA Group’s acquisition of Opel Vauxhall from GM has been completed, four months after it was first signed. As…
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Daimler FS revenues up 15% to €1bn
Daimler Financial Services increased its earnings before interest and taxes (EBIT) by 15% year-on-year in the first half of…
By Exchange and Mart partners with Dealerplus for dealer finance service
Online classified site Exchange and Mart has joined forces with Dealerplus to launch a dealer finance service. The agreement…
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VWFS revenues up 10.2% year-on-year to €17bn
Volkswagen Financial Services, the captive motor finance arm of German car maker VW Group, achieved a 10.2% year-on-year increase…
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RCI Bank financing up 16.7% to €10.4bn
RCI Bank, the motor finance arm of car maker Renault Group, generated €10.4bn (£9.3bn) in new financing in the…
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SMMT: Industry demands Brexit clarity as production slumps 13.7%
The UK car industry demands government clarity on Brexit, the Society of Motor Manufacturers and Traders (SMMT) said, as…
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Industry reacts to UK’s ‘aspirational’ 2040 ICE ban plans
The fleet and motor industry has reacted with tempered enthusiasm to UK government plans to ban the sale of…
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Motors.co.uk and Dealer-Auction.com integrate dealer platforms
Motors.co.uk and Dealer-Auction.com have combined their platforms, allowing dealers to list newly-purchased stock across Motors.co.uk and Flex. Dealers will…
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FCA launches plans to extend senior managers and certification regime
The Financial Conduct Authority (FCA) has launched proposals to extend the senior managers and certification regime (SM&CR) across all…
By Motor Ombudsman: Finance complaints up in Q2
The number of complaints about motor finance products has grown in the second quarter of this year, according to…
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BoE official says rise in personal debt ‘dangerous’
The continued rise in personal loans could be a danger to the UK economy, according to an official at…
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Cooper Solutions: 73% say ‘unprofessional’ for dealerships not to use technology
The use of technology is becoming an integral part of the showroom experience, according to a poll by dealer…
By House of Lords EU committee appeals for post-Brexit regulatory advice
The EU Financial Affairs Sub-Committee of the House of Lords has appealed for contributions for an inquiry into financial…
By FCA launches consultation on anti-money laundering body
The Financial Conduct Authority (FCA) has launched a consultation on a supervisory body for anti-money laundering. The Office for…
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BVRLA: Drivers need permission to take leased cars abroad
The British Vehicle Rental and Leasing Association (BVRLA) has warned drivers to ask before they drive leased cars out…
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Cap hpi predicts record year for used car sales
Automotive data providers cap hpi has predicted a record year used car sales in 2017, due to high demand…
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Fears that EU proposals could ban securitisation of non-performing loans
The securitisation of many non-performing loans (NPLs) could be banned under draft European Union proposals introduced in Brussels. According…
By Wagonex ‘car subscription’ service launched
Wagonex, a car subscription service has launched in the UK. The London-based company charges users a monthly fee on…
By Cap hpi: Half of dealers felt margins ‘squeezed’ in June
Almost half of dealers, 49%, felt their margins had become squeezed in June compared to the previous month, according…
By RateSetter investors free to leave following £80m debt revelation
Peer-to-peer lender RateSetter has allowed its lenders to withdraw from the platform without having to pay charges after revealing…
By ACEA: Registrations up 2.1% to 1.5m units
The number of passenger car registrations in the EU increased by 2.1% year-on-year in, according to the European Automobile…
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Foulds appointed chairman and CEO of TrustFord
TrustFord, Ford of Britain’s dealer group, has appointed Stuart Foulds as chairman and chief executive officer, replacing Steve Hood.…
By Aston Barclay launches mobile app for buyers
Vehicle remarketer Aston Barclay has launched an app for its buyers to allow them to connect to used vehicle…
By Europcar could face £30m payout after ‘overcharging’ for repairs
French car hire firm Europcar may be forced to pay out £30m in compensation after being accused of overcharging…
By Auto Trader UK: Car industry ranks high for online customer satisfaction
The car industry ranks high for online customer satisfaction among UK industries, according to a survey by online used…
By Ireland’s consumer protection watchdog launches PCP probe
The Competition and Consumer Protection Commission (CCPC) in the Republic of Ireland has launched an investigation into the use…
By ACC head: Blackhorse using ‘tactics’ to delay PPI pay-outs
Blackhorse and other lenders have employed delaying tactics in order to avoid processing historical claims for mis-sold payment protection…
By EMaC aftersales revenue reached £200m over past year
EMaC, the provider of service plan and customer retention schemes to automotive companies, increased its aftersales revenue to £200m…
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Over half of UK fleets back alternative fuels
More than half, 56%, of UK vehicle fleets operate at least one alternative fuel vehicle (AFV) or plan to…
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Waymo dumps Firefly pods to focus on cars
Alphabet’s autonomous vehicle arm Waymo has discontinued the Firefly, its prototype autonomous vehicle, to focus on mass produced cars.…
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Daimler loans €100m over blockchain
German car maker Daimler and German bank Landesbank Baden-Württemberg (LBBW) have processed a €100m (£88.5m) loan using blockchain. Blockchain…
By BCA Pulse: Used values up 7.2% year-on-year
The headline average value of a used car sold by BCA rose 7.2% year-on-year in June, according to its…
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PSA acquisition of Opel Vauxhall approved by EU
European Union antitrust authorities have approved the PSA Group acquisition of Opel Vauxhall from General Motors (GM), four months…
By Diesel continues descent and drags passenger car registrations down 1.3%
Registrations of passenger cars have declined, falling by 1.3% in the first half of the year, according to the…
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MotoNovo and Intelligent Environments partner for online self-service portal
Motor finance lender MotoNovo has partnered with technology provider Intelligent Environments to develop a digital self-service portal for its…
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Avis Budget enters service deal with Waymo
Avis Budget, the lower-cost version of the car hire service, has joined forces with Waymo to provide support for…
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MPs and charities demand sub-prime motor finance figures
Motor finance lenders have been urged by politicians and debt charities to reveal how much of their lending is…
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Bailey: FCA talking to US regulators over motor finance
Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), has said that the regulator has sought advice from…
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Codeweavers calls for more flexible software leasing
Finance software company Codeweavers has called on software vendors to offer shorter contracts for new technology and software. The…
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Autocar: Over half of diesel drivers to make fuel switch
Over half of diesel drivers are prepared to switch to a different fuel type at the next plate change,…
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FleetEurope launches SelectPlus ‘mini lease’ service
Vehicle lessor FleetEurope has launched SelectPlus, which it says is a flexible alternative to traditional vehicle leasing. The service…
By UK market continues decline despite EU registration increase of 7.6%
The number of passenger cars registered in the European Union increased by 7.6% year-on-year in May, according to the…
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64% of drivers seek diesel scrappage scheme
Almost two thirds of road users would support a scrappage scheme for older diesel cars to reduce pollution, according…
By Cap hpi signs data deal with Marshall Motor Group
Automotive data provider cap hpi has signed a deal to provide vehicle provenance and other data to Marshall Motor…
By Queen’s Speech: Petrol stations and motorways must have electric charging
In the Queen’s Speech, the government unveiled plans to boost the UK’s electric vehicle infrastructure by requiring petrol stations…
By Hella and ZF join forces to promote autonomous driving technology
Hella and ZF have signed a strategic partnership aimed at developing technology for autonomous cars, with a focus on…
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iVendi: Used car PCPs could keep up demand for diesels
PCPs on used cars could play an important role in maintaining demand for diesel cars, according to technology provider…
By SMMT: Industry turnover up 9% to £77.5bn in 2016
The UK automotive industry generated record turnover of £77.5bn in 2016, marking seven years of consecutive growth, according to…
By ‘Marked change’ in dealer confidence as 76% expect no profit increase
Pessimism in the car industry has led to a fall in the number of dealers that expect to increase…
By SMMT warns against Brexit ‘cliff edge’ for carmakers
The UK’s car industry could face a ‘cliff edge’ if tariff-free trade is not guaranteed in Brexit negotiations, according…
By Magnetar to buy 66.7% of First Citizen and provide €42m working capital
Irish portfolio managers First Citizen Finance will sell 66.7% of its shares to Magnetar Capital for €28.2m (£24.7m). First…
By BVRLA calls on government to help fleet sector improve air quality
The British Vehicle Rental and Leasing Association (BVRLA) has called on the UK government to help it to tackle…
By Autorola UK and Arval to run weekly online used auctions
Arval has forged a deal with Autorola to run weekly auctions of used vehicles on its online remarketing portal,…
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Volvo Car UK appoints Cooper head of financial services
Volvo Car UK has appointed Selwyn Cooper head of financial services, responsible for management and delivery of its finance…
By Residual values: Are fleets at risk?
When completing lease agreements, the future residual values of the assets on offer are always on the minds of…
By Tesla overtakes BMW in market value
Electric car company Tesla has overtaken BMW in market value to become the world's fourth most valuable car company.…
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Ford to open London office to drive mobility solutions in Europe
Ford is planning on opening a ‘Ford Smart Mobility Innovation Office’ in London in order to work with partners…
By Jaguar Land Rover invests $25m in Lyft for autonomous vehicles
Jaguar Land Rover has invested $25m (£19.7m) in Lyft, an American ridesharing company and Uber rival through its mobility…
By RateSetter reneges on lending to George Banco customers
Peer-to-peer lender RateSetter has reneged on a deal to lend directly to guarantor George Banco’s customers, less than a…
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ALD Automotive to launch IPO
French banking group Societe Generale has announced the initial public offering (IPO) of ALD Automotive, its fleet leasing subsidiary,…
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Waymo to develop self-driving trucks
Waymo, the successor company of Google's self-driving car programme, has started to develop self-driving trucks, according to Reuters. The company…
By Continental and Baidu form ‘technical alliance’ to develop intelligent mobility
German automotive manufacturing company Continental has entered a strategic cooperation agreement with Chinese internet giant Baidu, to help develop…
By Uber sacks former self-driving chief after Google ‘stolen secrets’ scandal
Ride-hailing company Uber has fired the former head of its self-driving car programme months after he was accused of…
By NFDA demands affordable and accessible finance in manifesto
The National Franchised Dealers Association (NFDA) has released a manifesto which calls on the future British government to support…
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RateSetter hires ex-GE Capital UK CRO Wright
Peer-to-peer lender RateSetter has appointed Joanna Wright, former chief risk officer, UK, at GE Capital, to head its own…
By BVRLA calls for diesel scrappage scheme in ‘manifesto’
The British Vehicle Rental and Leasing Association (BVRLA) has called on the UK’s three main parties to develop a…
ByACEA: Easter in April to blame for 6.6% decline in registrations
The number of passenger cars registered in the European Union fell by 6.6% year-on-year in April, according to the…
ByFord Money to launch ISA and savings account
Ford Money will launch a savings account and cash ISA on 22nd May, a month after launching its UK…
ByClose Brothers: 55% use internet to inform next car purchase
More than half of those searching for a car use the internet to inform their choice, according to a…
ByOodle Finance and Carsnip sign partnership
Car finance provider Oodle Finance has signed a partnership with the car search engine Carsnip to match car buyers…
ByParagon launches caravan finance offering
Paragon Car Finance has started to offer caravan finance, after launching a hire purchase product for motor homes in…
ByDealTrak and Codeweavers sign partnership
Finance technology provider DealTrak has signed a partnership with Codeweavers to use its technology platform. Consumers will be able…
ByFLA: New car finance value up 10% in Q1
Consumer new car finance grew 10% year-on-year to reach £5.52bn in Q1, according to the Finance and Leasing Association’s…
ByToyota Financial Services blames currency fluctuations for 34% income slide
Toyota Financial Services has revealed a 34.4% fall in operating income in the year to 31 March 2017, which…
ByMotors.co.uk adds car reviews section
Motors.co.uk has added a car reviews section on its website, showing reviews for the most searched car makes and…
ByLeaseurope calls for EU-wide telematics policy
Leaseurope and a number of data and automotive bodies have called on the European Union to regulate for EU-wide…
ByAuto Trader launches dealer finance tool
Online car marketplace Auto Trader has launched a financial calculator for dealers, following a pilot programme in the latter…
ByRateSetter acquires motor finance providers, ends wholesale funding
Peer-to-peer lender RateSetter has acquired two motor finance providers and launched a strategic partnership with a loans provider in…
ByAlfa plans June stock market flotation
Asset finance software provider Alfa has announced plans to list its shares on the London Stock Exchange in June. According…
ByParagon: 81% of dealers expect diesel decline within 5 years
A large majority of dealers, 81%, expect the diesel car market to shrink over the next 5 years, with…
ByDaimler FS revenues up 22% in Q1
Daimler Financial Services saw revenue rise by 22% year-on-year over the first quarter 2017, according to Daimler’s quarterly results.…
ByKeeResources appoints Ballard strategic client relationship manager
Automotive data providers KeeResources has appointed Andrew Ballard as strategic client relationship manager. Ballard previously worked at Experian, where…
ByQ1 results: Ford Credit continues downward trend, mixed results for others
Ford, GM, Renault Group, and Volvo revealed have their Q1 results, showing mixed results for the leading OEMs. Ford…
ByWorkers spend a fifth of their pay on driving costs
The average British worker spends almost a fifth of their pay on motoring costs, according to research by YourParkingSpace.co.uk.…
ByMyCarCheck.com: Almost 1 in 10 used cars have outstanding finance
Almost 1 in 10 (9.32%) used cars checked through provenance checker MyCarCheck.com in 2016 had outstanding finance, the company…
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Volkswagen migrates to Miles platform for fleet contracts
Volkswagen has chosen Sofico’s Miles platform to manage the fleet contracts of Volkswagen Pon Financial Services NL (VWPFS).
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BCA Pulse: Average values up 12.9% year-on-year in March
The average value of a car sold through BCA rose 12.9% year-on-year in March to reach £8,850, according to…
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PSA Group launches in US with car sharing scheme
PSA Group has launched in the United States with a car sharing scheme in partnership with TravelCar.
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Volkswagen China ploughs $180m into AI startup, joins forces
Volkswagen Group China has invested $180m (£145m) into artificial intelligence start up Mobvoi, and entered a strategic partnership.
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Hyundai launches Hyundai Finance, shifts from independent motor finance providers
Hyundai has launched Hyundai Finance, a captive motor finance, just months after launching Hyundai Capital Bank Europe (HCBE) in…
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FLA: Car finance down 2% in February
New business volumes in the point of sale consumer car finance fell 2% year-on-year in February, according to the…
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NFDA: Half of consumers have not used the internet to research maintenance services
Nearly half, 49%, of consumers have not used the internet to research typical car maintenance services such as tyres,…
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Alphabet appoints Oswald as CFO
Fleet provider Alphabet GB has appointed Stefan Oswald to the role of chief financial officer, replacing Albert Vissers, who…
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PM hints at diesel scrappage scheme as London brings forward ULEZ and charges to 2019
UK prime minister Theresa May appeared to hint at an upcoming diesel scrappage scheme following the announcement that London’s…
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Industry claims rush to avoid VED rise fuelled record new car sales
The new car market rose 8.4% year-on-year in March to a record of 562,337 registrations, according to the Society…
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Santander to pay $25.9m for facilitating ‘unfair’ high-rate subprime car loans
The American arm of Santander Consumer is to pay $25.9m (£20.8m) in settlements for facilitating sub-prime car loans made…
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Tesla overtakes Ford in market value
Electric car manufacturer Tesla has reached a market value of $49bn (£39.4bn), overtaking Ford by $3bn, according to news…
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FCA: Credit card companies must help 3.3m in persistent debt
The Financial Conduct Authority (FCA) has proposed measures for credit card companies to help the 3.3 million people in…
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Volvo Car UK makes several appointments in sales team shake-up
Volvo Car UK has announced a raft of appointments in its internal sales operation team, reshuffling many existing employees,…
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VED changes come into effect
The changes in Vehicle Excise Duty (VED) confirmed in March’s spring budget came into effect on 1 April.
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Manheim signs part-exchange deal with Heritage Automotive
Vehicle remarketer Manheim has signed a two-year deal with Heritage Automotive for the supply of part-exchange vehicles to its…
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90% of cars have ‘unrealistic’ MPG claims
Only 10% of cars meet their stated miles per gallon (MPG) fuel economy claims, according to research by motoring…
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Daimler to launch ‘connect business’ services for fleets
Daimler Financial Services will launch Mercedes-Benz Connectivity Services GmbH, a connectivity service for business fleets, on 1st April 2017.
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NextGear Capital passes £1bn in wholesale vehicle funding
NextGear Capital has funded more than 142,000 vehicles in the UK and Ireland since its launch in 2014, with…
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American Express: Average Briton spends over £5000 running a car during its lifetime
UK car owners spend an average of £5,670 in costs to run a car over its typical lifetime of…
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Paragon: 79% of brokers say low interest rates driving used car finance growth
Paragon Car Finance has found that brokers consider low interest rates to be the primary driver of used car…
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Information Commissioner fines Honda over ‘marketing’ emails
Honda Motor Europe has been fined £13,000 by the Informational Commissioner’s Office (ICO) for sending hundreds of thousands of…
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Moneyway’s ‘mixed year’ sees impairment costs double to £14.6m
Moneyway saw its impairment losses double from 2015’s figure to £14.6m, due to an increase in voluntary terminations from…
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FCA Group appoints ROI to support its offering for fleets
Fiat Chrysler Automobiles (FCA) Fleet and Business has appointed fleet support agency ROI to manage aspects of its offering…
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Wesleyan’s Errington appointed as chair of FCA smaller business practitioner panel
The Financial Conduct Authority (FCA) has appointed Craig Errington, group chief executive of Wesleyan, as chair of its smaller…
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BMW: Finance and leasing rose 11% to €123bn in 2016
Total credit financing and leasing business volumes at BMW Group grew by 11% to €123bn in 2016, according to…
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Half of drivers find motor finance agreements complicated
Half of drivers find vehicle finance agreements to be complicated and difficult to understand, according to research from Intelligent…
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International criminals using false identification to steal high-performance cars from vehicle lessors
International crime groups are targeting UK-based car lessors in an attempt to obtain high-performance vehicles fraudulently, according to the…
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Close Brothers Motor Finance shows little growth so far in 2017
Close Brothers Motor Finance saw little growth in their loan book for motor finance, with an increase of just…
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FCA Group’s European sales up 8.7% year-on-year
Fiat Chrysler Automobiles (FCA) saw its European sales increase 8.7% year-on-year to 88,000 vehicles, and increased its market share…
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ALD Automotive appoints Bellemere as deputy CEO
ALD Automotive has appointed Gilles Bellemere as deputy chief executive officer, replacing Pascal Serres, who has joined Societe Generale.
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ACEA: February passenger car registrations up 2.2% to 1m
New passenger car registrations in the EU have risen by 2.2% year-on-year in February to reach 1,078,503 units, according…
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RAC Dealer Network used car sales up 10% in 2017
Sales of used cars through the RAC Dealer Network have risen 10% by volume in 2017 so far.
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Lords tell government to take action to ensure UK benefits from autonomous cars
The House of Lords Science and Technology Committee has told the UK government that it needs to take action…
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Equiniti International Payments hires six across business
Payments provider Equiniti International Payments has hired six across its business.
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Evolution Funding launches two new websites
Car finance broker Evolution Funding has launched new dealer and group websites, which it says will better reflect the…
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Hitachi Capital Vehicle Solutions appoints Tubbs head of SME and personal leasing
Hitachi Capital Vehicle Solutions has appointed Chris Tubbs as head of SME and personal leasing channel.
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NACFB expands insurance cover for brokers’ p2p loans
The National Association of Commercial Finance Brokers (NACFB) has expanded insurance cover for peer-to-peer (P2P) loans taken by commercial…
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BCA Pulse: Used values hit record high February
The average value of a used car rose 11.2% year-on-year in February to reach a record £8,822, according to…
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Glass’s prepares new look as group rebrands to Autovista Group
The group that owns vehicle valuations company Glass’s has rebranded to the Autovista Group, in a move it says…
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Alphabet: Broker sales channel’s portfolio exceeds 20,000 vehicles
Alphabet’s broker sales channel Alphabet Partner has grown its portfolio to over 20,000 vehicles since its launch in September…
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Auto Trader: Almost half of motorists not interested in driverless cars
Almost half of car buyers, 49%, are not interested in autonomous cars, according to Auto Trader’s market report.
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Moneybarn profits up 46% year on year to £31m in 2016
Moneybarn’s profits increased 46% year-on-year in 2016 to reach £31.1m in adjusted profit before tax, according to preliminary results…
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Cap hpi: New registrations record expected in March
Automotive data provider cap hpi expects new car registrations to reach record levels in March this year.
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Sophus3 Forum: ‘Volatility and uncertainty’ for automotive industry in 2017
The British automotive industry is set for a year of “volatility and uncertainty” in 2017, according to Paul Rutishauser,…
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Hitachi Capital appoints three to non-executive director team
Hitachi Capital UK has appointed Guy Munnoch as chairman and shuffled its non-executive team.
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UK government bill addresses liability for autonomous crashes, electric car charging
The UK Department of Transport has unveiled a bill dealing with regulation of autonomous and electric cars, following months…
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DealTrak partners with Oodle Finance
Motor finance technology provider DealTrak has partnered with used car financer Oodle Finance, providing DealTrak’s lender and broker clients…
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Exchange and Mart to launch ‘click and collect’ used car proposition
Online classifieds motoring website Exchange and Mart has announced that it will launch a ‘click and collect’ proposition for…
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Arval grew fleet by 8.4% to over a million cars in 2016
Fleet lessor Arval increased its fleet by 8.4% year on year in December 2016, to reach 1,028,142 vehicles leased,…
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AutoTrader: brand loyalty less important than traditionally thought
Brand loyalty may be a smaller force in the car market than previously thought, according to a study by…
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Hevey rejoins Alfa
Asset finance software provider Alfa has reappointed Ciarán Hevey as a director.
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Cap hpi: Majority of dealers expect PCH boom in 2017
A majority of dealers expect a ‘boom’ in the number of new cars sold by brokers in 2017 according…
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Ferrari ranked world’s strongest car brand
Ferrari is the world’s strongest car brand, and among the top ten strongest brands generally, according to valuation and…
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Startline Motor Finance new business up 60% for record January
Startline Motor Finance saw new business increase by 60% year-on-year in January 2017, reaching a record result.
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Hitachi Capital eyes Germany as it steps up European vehicle solutions business
Hitachi Capital is looking to enter Germany as part of a strategy to expand its vehicle solutions business within…
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SMMT: Record 8.2m used cars sold in 2016
A record 8.2m used cars were sold in the UK in 2016, representing a 7.3% increase year-on-year, according to…
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The Warranty Group appoints Green CEO for European business
The Warranty Group has appointed Richard Green as chief executive officer for its European business operations, effective 13th February…
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Equifax: 50% of customers wont spend over 20 minutes applying for finance online
Twenty minutes is the limit for 50% of customers when applying for finance online, according to research by credit…
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Daimler FS: Portfolio reached €133bn in 2016 as contracts up 14%
Daimler Financial Services increased the value of its portfolio saw new contract volumes increase by 14% in December 2016…
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Alfa partners with database company NuoDB
Asset finance software provider Alfa has partnered with NuoDB, a database company, in a move which Alfa says could…
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BCA: Used values up 3.3% in January to £8,619 for near-record
The average value of a used car sold at BCA rose 3.3% year on year to £8,619 in January,…
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BVRLA: Five-fold increase in VED will damage car rental industry and environment
The British Vehicle Rental and Leasing Association (BVRLA) has called upon the UK government to halt plans to increase…
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MotoNovo updates self-service finance option
MotoNovo Finance has updated its app-based self-service finance option in 500 dealerships, which it claims will increase control and…
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Epyx launches vehicle allocation tool for fleets
Automotive technology provider epyx has launched Select, a vehicle application tool designed to manage owned assets such as fleets.
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UK among the cheapest countries in Europe to own a car
The UK is one of the cheapest countries in Europe in which to own a car, according to fleet…
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iVendi: Industry-recognised metrics needed to measure motor finance impact
A set of industry-recognised metrics are needed in order to help dealers measure the impact of motor finance, according…
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UK government considering diesel scrappage scheme to cut emissions
The UK government is considering introducing a scrappage scheme for diesel vehicles in a bid to cut emissions, according…
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Daimler FS reaches 132.6bn contract volume
Daimler Financial Services has reported concluding 1.6m new financing and leasing contracts worth a total of 61.8bn at the…
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Alphabet appoints Christmas as head of compliance
Fleet mobility provider Alphabet has appointed Leanne Christmas to lead its UK executive team as head of compliance.
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Hitachi Capital acquires fleet provider Noordlease
Hitachi Capital has acquired Dutch fleet provider Noordlease, signing an agreement to purchase all outstanding shares and procedures for…
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Brexit: removal from customs union will affect motor finance, says UK govt.
Service industries, such as motor finance, may be indirectly affected by the UKs withdrawal from the Customs Union, according…
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Meridian: Fear of economic downturn will drive businesses towards medium-term rental
Growing caution among businesses is likely to lead to higher demand for medium term rental, according to Meridian Vehicle…
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Majority of dealerships expect growth over next 12 months
UK dealerships are positive about the prospects for growth in 2017, with 65% of dealers expecting growth over the…
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iVendi: Rising car prices should prompt more effective motor finance promotion
A rise in car prices due to the weakness of the pound should spur dealers and manufacturers to promote…
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Sofico continues expansion by hiring 12 and planning Mexico office
Sofico has hired 12 employees to start in January 2017, continuing from its recruiting drive towards the end of…
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HgCapital to sell Zenith to Bridgepoint for £750m
Private equity firm HgCapital has agreed to sell vehicle lessor Zenith to fellow private equity firm Bridgepoint in a…
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BCA opens remarketing and logistics facility at Perry Barr
BCA has opened a 20-acre multi-million pound remarketing and logistics facility in Perry Barr, Birmingham.
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BuyaCar.co.uk: Online car sales reach record levels in 2016
Sales of cars sold entirely online on behalf of dealers rose by 41% to reach a record level in…
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BMW dealers to list on carwow following CMA action
BMW UK has changed its policy on its dealers listing BMW and MINI cars on the carwow new car…
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Startline Motor Finance appoints Copeland as first head of HR
Startline Motor Finance has appointed Sara Copeland as its first head of human resources.
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Alphera: Transport revolution in UK making car technology standard
The rapid development of emerging technologies in the automotive space is resulting in enhancements increasingly becoming expected as standard,…
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Moneyway exits unsecured consumer lending due to aggressive pricing
Moneyway has ceased offering unsecured consumer lending in concerns over aggressive pricing by banks.
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Fleet Alliance acquires Neva Consultants, hints at further purchases
Glasgow-based vehicle funder and fleet manager Fleet Alliance has acquired a controlling interest in Neva Consultants for an undisclosed…
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FleetEurope appoints Allamby fleet operations manager
FleetEurope has appointed Jon Allamby as fleet operations manager.
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MotorCheck.co.uk launches trade only car history check
MotorCheck.co.uk has launched a trade only car history check service, including data on a number of areas, including a…
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Suzuki appoints Jenkins as head of fleet
Suzuki has appointed Graeme Jenkins as head of fleet.
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64% believe motor industry jargon creates barrier to communication
A study by fleet provider LeasePlan UK has found that 64% of people believe that industry jargon is a…
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Government gives greenlight to FLAs motor finance apprenticeship standard
The government has granted the Finance & Leasing Association (FLA) approval to develop an apprenticeship standard in motor finance,…
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PCH deals on popular cars rose 8% at the end of 2016
The average price of leasing popular car models rose 8% in the final two months of 2016, according to…
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Harcus Sinclair launches compensation case against VW over dieselgate
A group litigation order for action against VW, Audi, SEAT and Skoda over the Volkswagen emissions scandal has been…
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Maxxia acquires Capex Asset Finance
Asset finance provider Maxxia UK has acquired Capex Asset Finance, as the latest part of parent company McMillan Shakespeares…
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Carmakers race to show new technology at CES 2017
The Consumer Electronics Show (CES) returned to Las Vegas this week, with autonomous and connected cars featuring strongly in…
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NACFB Commercial Finance Expo set for June
The National Association of Commercial Finance Brokers (NACFB) has opened registrations for its annual Commercial Finance Expo in June.
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iVendi: Independents will be major market for online motor finance
Technology provider iVendi has predicted that independent dealers will prove to be a major new market for online motor…
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Ryder to deliver 127 vehicles to Safetykleen in fleet contract
Fleet provider Ryder has begun to deliver 127 vehicles to Safetykleen as part of a contract to run its…
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Synergy Automotive partners with Quotevine for online trading platform
Synergy Automotive has partnered with automotive solutions provider Quotevine to launch an online business trading platform.
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Cap hpi: 2016 results to show record used volumes of 7.7m
Automotive data provider cap hpi has predicted record used car sales for 2016, following strong demand throughout the year.
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Volvo raises SEK5bn in step toward potential IPO
Volvo Cars has raised SEK5bn (£443.7m) from selling shares to Swedish institutional investors, as it gears up towards a…
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Ignition appoints Bossom as broker manager
Vehicle and asset finance provider Ignition has appointed Mike Bossom as broker manager, as it continues to expand its…
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Average used car values slip 1.6% in December
The average value of a used car declined by 1.6% at three years and 60,000 miles in December, according…
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Ryder refreshes UK website
Fleet operator Ryder has launched a new website, aiming it to be more closely focused on its UK customers.
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JATO: European car registrations rise 7.1% YTD to 13.9m
Registrations in the European car market rose by 6.8% in the year to date to reach 13,937,399 units, according…
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Daimler portfolio value passes 125bn as vehicles exceed 4 million
Daimler Financial Services has seen its portfolio exceed 125bn (£105.2bn) as it boosted the number of vehicles under contract…
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Telematics leads to convictions in £1.1m cash for crash scam
Perpetrators of a £1.1m cash for crash scam were successfully convicted with the help of telematics data.
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BCA: Black cars 26% of used market
Black is the most popular colour for buyers of used cars, representing 26% of those sold in 2016, according…
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DPM Finance criticised by regulator for failing to check HGV client operator licence online
The Traffic Commissioner for the North East of England criticised Durham-based DPM Finance Ltd. after it was found to…
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Fraikin to run West Midlands hospital fleets
Fleet provider Fraikin has been contracted by Heart of England NHS Foundation Trust to support its fleet of 19…
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ACEA: November passenger car registrations up 5.8% to 1.1m
New passenger car registrations in the EU rose by 5.8% year-on-year in November to 1,148,618 units, according to the…
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Google renames driverless programme Waymo, claims launch close
Google has renamed its self-driving car company Waymo igniting rumours that the technology giant is gearing up to publicly…
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Epyx: Best used car stock largely sold online
Automotive technology provider epyx has claimed that the best used car stock is now largely sold online to dealers…
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Autorola appointed Renaults online remarketing provider
Autorola UK will serve as the online remarketing provider for Renault UK, to support its dealer network in buying…
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Hyundai revs up development of connected car operating system
Hyundai Motor is to speed up the development of its connected car operating system (ccOS) with a view to…
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Ford: Consumers prefer trying over buying
Ownership and possession no longer equate to happiness or good, with experiences and values becoming increasingly important, Ford has…
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Hodgson named Moneybarn MD after leadership reshuffle
Independent lender Moneybarn has named Shamus Hodgson as its new managing director.
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Paragon hires regional sales managers to drive expansion
Paragon Car Finance has appointed four regional sales managers as it eyes further expansion into the British regions.
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Maxxia boosts UK presence with Eurodrive acquisition
Asset finance provider Maxxia UK has acquired Newcastle-based point-of-sale car finance broker Eurodrive Motor Finance in a bid to…
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Nissan: Autonomous cars to add 17tn to European GDP by 2050
Autonomous driving could contribute 17tn (£14.4tn) to the European economy by the year 2050, according to a report commissioned…
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Startline: Economic uncertainty means time for dealer rethink
Startline Motor Finance has urged motor dealers to rethink their offerings due to changing economic conditions and uncertainty, citing…
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Carmakers collaborate for high-powered EV charging network in Europe
BMW, Daimler, Ford, Volkswagen, Audi and Porsche have signed a memorandum of understanding in a joint venture to create…
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Alphabet updates SME vehicle leasing platform
Fleet mobility provider Alphabet has begun the next development phase for its icon vehicle leasing platform.
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BDL: Vehicle finance drives 75% of German leasing
Vehicle finance was responsible for 75% of the record 64.2bn (£54.9bn) of new leasing business in Germany in 2016,…
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Cap hpi: Car values down 2% in November
Overall values of cars at three years and 60,000 miles fell by 2% in November, according to cap hpi,…
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iVendi appoints Severs VP data and insight
Technology provider iVendi has appointed Rob Severs as vice president data and insight.
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Volvo to launch concierge service
Volvo is to launch a concierge service for its customers, offering services such as cleaning and refuelling.
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Lankey becomes interim chief executive at the NACFB
The National Association of Commercial Finance Brokers (NACFB) has appointed Rob Lankey interim chief executive officer, effective immediately.
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SMMT: Record 2.1m used cars sold in Q3 2016
More than 2.1m used cars were sold between July and September 2016, according to the Society of Motor Manufacturers…
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Cox Automotive UK: Strong price rises in October
Cox Automotive UK has reported strong price rises in the retail and wholesale used car markets in October.
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DWF promotes consumer credit and asset finance head Williams to partner
Law firm DWF has promoted Julia Williams, head of consumer credit and asset finance, to partner.
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Codeweavers appoints Canay as midlands regional manager
Finance software company Codeweavers has appointed Adam Canay as midlands regional manager.
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FleetEurope rebrands with mobile site
FleetEurope has launched a mobile website and premiered a fresh logo as part of its rebrand.
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UHY Hacker Young: Lease finance for cars doubles to £30.8bn
The money provided for car lease finance in the UK has more than doubled over the past five years,…
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SMMT: 1.4% October growth in new car market powered by fleets
The UK new car market grew by just 1.4% in October, with 180,168 vehicles registered after the previous months…
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Arval and PSA in telematics team-up
Arval and PSA Group have reached an agreement to provide Arval Active Link clients with telematics services.
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RCI appoints Labauge MD and CEO
Jean-Louis Labauge has been appointed managing director of RCI Financial Services and chief executive officer of RCI Bank UK…
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Frontline Solutions becomes DealTrak
The Leeds-based finance and insurance solutions provider Frontline Solutions has rebranded to become DealTrak.
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Tootle appoints Buckley as head of products and partnerships
The online dealer vehicle sourcing platform tootle.co.uk has appointed Amy Buckley as head of product and partnerships.
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FCA orders Motormile Finance to pay customers £154,000
Motormile Finance (MMF) has agreed to pay customers £154,000 in redress and write off hundreds of millions worth of…
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House of Lords told FCA customer fairness rules vague and unenforceable
A House of Lords committee on financial exclusion has been told that the Financial Conduct Authority (FCA) rules regarding…
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Motors.co.uk: Plummeting pound boosts European car searches
The falling value of the pound has boosted the volume of UK-advertised cars being purchased from European customers, according…
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Cap hpi: Nearly-new values down 2.5% in October as market begins to slow
The used values for nearly new city cars fell by 2.5% at six months and 5,000 miles in October,…
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Tyler to stand down as NACFB chief
Adam Tyler will stand down as chief executive of the National Association of Commercial Finance Brokers (NACFB) after 11…
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Ford profits slump 55% in Q3
Ford saw its profits fall by $1.7bn (£1.4bn) in the third quarter of 2016.
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Renault revenues up 13% in Q3
Renault has reported 10.5bn (£) in revenue in the third quarter of 2016 for a 13% year-on-year increase.
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VW profits see double digit growth
Volkswagen Group achieved profits of 11.3bn (£10.1bn) in the first nine months of 2016, a 10.5% (1.1bn) increase on…
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GM faces $400m lost revenue due to Brexit sterling slide
General Motors (GM) has stated that it faces a $400m (366.3m) drop in revenue due to the fall in…
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Fiat Chrysler net profit increases to 606m
Fiat Chrysler Automobiles has increased net profit to 606m (£541.4m).
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Bailey promises greater transparency as FCA launches Future Mission
The Financial Conduct Authority (FCA) has launched what it has described as its future mission, as Andrew Bailey, chief…
By
iVendi promotes Lewis to newly created role
Technology provider iVendi has appointed Steve Lewis as lead analyst in a newly-created role which will see him tasked…
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Women buying classic cars up 40% in two years
The number of women buying classic cars has shot up by 40% in the past two years, according to…
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Glasss: Hybrids a passing phase as EVs drive forward
Hybrid vehicles are a passing phase that will soon be overtaken by electric vehicles (EVs), according to Glasss.
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Apple targets 2019 for electric car
Apple plans to create electric cars ready to ship in 2019, according to the Wall Street Journal.
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BCA: Used car values up 8.7% YoY in September
The average value of a used car sold at BCA rose by 8.7% year-on-year in September, according to the…
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Arval joins hydrogen fleet trial
Arval UK has joined a scheme to promote hydrogen fuel cell technology in cars.
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Arval: Go Ultra Low encouraging EV adoption in fleets
The government initiative Go Ultra Low is having a nudge effect on the adoption of electric vehicles (EVs) by…
By
Startline: Motor finance providers should develop footprint-free credit checks
Providers of motor finance are being urged to use a system of credit checks that does not impact upon…
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White Clarke receives Five Arrows investment, names Gleeson CEO
White Clarke Group has received a significant equity investment from Five Arrows Principal Investments, the corporate private equity arm…
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FLA: Used car finance up 23%
The value of point of sale (POS) finance for used cars rose 23% in August, compared to the same…
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Autorola UK: Highest average used car values hit £9,211
Average used car values have hit £9,211 in Q3 for a 2016 high, according to a report by Autorola…
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SMMT: Registrations rise 1.6% for highest September on record
The UK market for new cars rose by 1.6% to 469,696 units in September for the highest on record,…
By
Nissan partners with Telogis for connected fleet vehicles
Nissan Europe has partnered with location software provider Telogis to provide connected vehicle technologies and services to European fleet…
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My Car Check: 1 in 4 used cars in London previously written off
Almost 25% of all used cars in London have been previously written off, according to My Car Check.
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Alphabet appoints Howett and Williams to technical services team
Alphabet has appointed Tim Howett and Andy Williams as technical services business development managers effective immediately.
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iVendi: third of dealers losing potential business to online finance brokers
A third of dealers are missing out on potential business because they do not offer online motor finance, according…
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Gumtree Motors relaunches without finance check
UK classifieds platform Gumtree has relaunched its Motors category for trade customers.
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AutoBinck appoints Peeters chief executive of Business Lease Group
Dutch automotive services company AutoBinck has appointed Vincent Peeters as chief executive officer of Business Lease Group.
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NFDA: Dealers satisfied with manufacturer finance schemes
Dealers have expressed high satisfaction with the finance schemes offered by their manufacturers, according to the National Franchise Dealers…
By
Santander launches wholesale funding facility with Manheim
Santander Consumer Finance has launched Manheim AuctionDirect nationally after a successful pilot.
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Apple in talks to buy McLaren
American technology giant Apple is seeking to buy McLaren Technology, according to the Financial Times.
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Motors.co.uk: Car-buying attitudes unaffected by Brexit
The UKs decision to leave the European Union has had very little effect on peoples willingness to buy cars,…
By
Ford: autonomous cars to reduce 2017 profit
Ford has warned its investors to expect lower profits in 2017 as a result of increased investment into autonomous…
By
House of Lords launches driverless vehicle enquiry
The House of Lords Science and Technology Committee has launched an enquiry into the future use of driverless vehicles…
By
Addleshaw Goddard hires Brako to Manchester team
Addleshaw Goddard has hired Shoosmith banking litigation lawyer Harold Brako to its finance litigation practice.
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ACEA: Passenger cars registrations up 10% in August
The number of passenger car registrations in the European market rose 10% in August in a year-on-year comparison, according…
By
Auto Trader: 93% of UK consumers distrust used car dealers
Only 7% of UK consumers trust used car dealers, according to a survey by online vehicle retailer Auto Trader.
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MotoNovo tells dealers to be positive about Brexit
David James, chief financial officer of MotoNovo Finance has told dealers to take a positive approach to Brexit, arguing…
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IFC partners with Goodwood for fleet mobility services
IFC Fleet Services has signed an agreement with rental management company Goodwood Rental to offer mobility services to fleet…
By
Fleet Hire to manage 1,000-strong Pelican Rouge fleet
Food and drink distributor Pelican Rouge has outsourced management of its UK fleet to Fleet Hire.
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Frontline Solutions appoints two senior staff
Frontline Solutions has appointed two senior staff, boosting its team to 27.
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BCA: Used car values up 6.4% YoY in August
The average value of used vehicles rose by 6.4% year-on-year in August, according to the BCA Pulse report.
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Volvo to launch autonomous car joint venture
Volvo Cars has agreed to join forces with automotive safety company Autoliv to create autonomous cars.
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NextGear Capital UK opens new HQ
Stock funding provider NextGear Capital UK has opened a new headquarters in Chester Business Park, following two years of…
By
Cox Automotive UK launches retail brands Modix and Xtime
Cox Automotive UK has launched two retail brands, Modix and Xtime, in the UK market.
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Synergy Automotive increases team with six hires
Synergy Automotive has hired six staff over the past six months, marking a 35% increase in headcount over the…
By
Motors.co.uk extends partnership with Motoring.co.uk
Motors.co.uk has extended its partnership with Motoring.co.uk, potentially providing its dealers with the chance to contact millions of car…
By
Datatec Financial Services appoints three directors
Datatec Financial Services has made three senior appointments, naming Paul Christensen director of North America, Mark Hegarty director of…
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Bynx launches management reporting tool for fleets
Fleet management software provider Bynx has launched bynxMI, a management reporting tool.
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SMMT: Export demand in year to July up 13.7%
The number of cars built for export in the year to July increased 13.7% compared to the same period…
By
Paragon: 62% of brokers report rise in used car finance applications
Applications for used car finance grew strongly in the first half of 2016, with 62% of brokers reporting a…
By
iVendi: dealers unprepared for FCA investigations
Some dealers may be unprepared for possible future Financial Conduct Authority (FCA) investigations, iVendi has warned.
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Cap hpi: cars switched more often than mattresses and mobiles
Consumers change cars more often than mattresses and mobile phones, according to automotive data company cap hpi.
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Jaguar Land Rover to launch online store with Rockar
Jaguar Land Rover will launch an online store in partnership with internet car retailer Rockar.
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Uber and Volvo to launch self-driving fleet
Uber will launch a fleet of autonomous cars in Pittsburgh, USA later this month.
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Ford aims for autonomous vehicles and ride sharing in 2021
Ford plans to develop fully autonomous vehicles ready for a ride sharing scheme by the year 2021.
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Paragon HP for motorhomes extended to 10 years
Paragon Car Finance has extended the maximum term of its hire purchase (HP) product for motorhomes from 7 to…
By
UPDATED FLA: consumer car finance grows 11% in H1 2016
Point-of-sale (POS) consumer new car finance grew 11% by volume and 16% in value during the first half of…
By
World Economic Forum: Blockchain could transform financial services
Blockchain is poised to transform the way the financial services industry operates, according to a report by Deloitte and…
By
Volkswagen security flaw could affect 100m cars
An estimated 100m cars manufactured by Volkswagen could have a security flaw that makes them vulnerable to theft, according…
By
JATO: Volkswagen European market share slips to 11.6%
Volkswagen saw its market share in the Big Five European car markets drop to 11.6% in July, down from…
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Alphabet appoints intermediary manager for affinity partnerships
Alphabet has appointed Darren Harnett intermediary manager for its affinity partnerships team.
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iVendi: 64% of used car searches now mobile
The use of mobile devices when searching for used cars to purchase is increasing, according to iVendi.
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SG Fleet acquires Fleet Hire
SG Fleet has acquired Fleet Hire, a Solihull-based contract hire, fleet management and salary sacrifice provider, in a £25.7m…
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SMMT: private car sales fall 6.1% in July
Private car sales fell 6.1% in July, according to the Society of Motor Manufacturers and Traders (SMMT).
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Carfinance247 sees 154% growth, appoints Leyland as FD
Carfinance247 has experienced a 154% increase in turnover year-on-year, and hired Bill Leyland as financial director.
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Fraikin appoints C-level executives in the UK
Fraikin, part of Frances Fraikin Group, has appointed Ed Cowell chief executive officer, and Bryn Thomas, chief finance officer.
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UK sees record EV registrations in 2016
Electric vehicles (EV) have continued to gain popularity in the UK, rising to record 19,252 so far in 2016,…
By
MotoNovo targets dealers as it drops online finance sites
MotoNovo has dropped relationships with direct-to-consumer online finance sites to focus solely on direct relationships with dealers.
By
Fiat Chrysler UK: Zanlunghi to manage Australian division
Fiat Chrysler Automobiles UK has announced that Steve Zanlunghi, its former managing director, has been appointed president and chief…
By
Amey names Hitachi Capital leasing partner
Hitachi Capital Vehicle Solutions has been named the sole leasing partner of Amey, an infrastructure and utility support service…
By
Nissan shakes up UK fleet team
Nissan Motors GB has implemented structural changes and a series of new appointments in its corporate sales division.
By
Prime product helps push Moneyway lending balance up 35%
Moneyway has increased its lending balance by 35% in the past year, according to their latest financial results. The…
By
SMMT: Manufacturers worry Brexit risks EU exports
UK car manufacturers are concerned that the Brexit could damage export levels, according to a report released by the…
By
SUV growth risks fleets missing cost and emissions targets
The growing popularity of sport utility vehicles (SUVs) in the company car market risks fleets missing cost and emissions…
By
Moneybarn profits up 44.7% YoY in H1
Moneybarn has increased its profits by 44.7% in the first of 2016 compared to the same period in 2015,…
By
Aston Barclay appoints systems manager
Aston Barclay has appointed David Case as group systems manager. Case has over 15 years systems experience in the…
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MPs approve Baileys appointment to FCA
The Treasury Committee of the House of Commons has approved the appointment of Andrew Bailey as chief executive of…
By
Tesla plans greater autonomy and car sharing
Electrical vehicle manufacturer Tesla has revealed plans to press forward with autonomous features and branch into car sharing.
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Clocking fraud costs used motorists £800m a year
Used car buyers have a 1 in 20 chance of purchasing a vehicle with a mileage discrepancy, according to…
By
KPMG: 90% of insurers unprepared for driverless vehicles
Only 1 in 10 insurers have plans in place for driverless vehicles, according to KPMG.
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Intelligent Environments: one in three put off purchase by complicated finance process
Almost one in three (32%) consumers who own a car have been put off buying a vehicle due to…
By
Low rates boost leasing demand
The market for vehicle leasing experienced a boost in 2015, with 87% of brokers reporting increased demand for leases…
By
UPDATED: Close Brothers partner with Clews Competition Motorcycles
The motor finance arm of UK bank Close Brothers has entered into a partnership with manufacturer Clews Competition Motorcycles…
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Online broker Financible launches
Financible.com has launched as a new motor finance broker.
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Ford appoints fleet director
Ford has appointed Owen Gregory director, fleet operations for its UK organisation.
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Moneyway appoints head of operations
Moneyway has appointed Richard Cox as head of operations.
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UPDATED: Record new car registrations in first half 2016, fall beckons
The UK new car market grew by 3.2% to reach a record 1,420,636 registrations from January to June of…
By
Used LCV values rose 5.7% YoY in June
The value of a used light commercial vehicle (LCV) was 5.7% higher in June 2016 compared to the previous…
By
BCA appoints new MD for UK remarketing
The British vehicle remarketer British Car Auctions (BCA) has appointed Stuart Pearson as managing director of UK remarketing.
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Oracle Finance appoints new CEO
Prestige motor finance broker Oracle Asset Finance has appointed Mark Catton as chief executive officer.
By
Volkswagen and LG team up in drive for greater car connectivity
The Volkswagen Group has signed a memorandum of understanding with LG Electronics, agreeing to develop connected car technologies.
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Pre-registrations surge 46% in June, but used market heading for slump
Vehicle pre-registrations rose by 46% in June compared, according to research conducted by automotive data company cap hpi.
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