Demand for EVs amongst business expected to surge
Over the next three years, 58% of commercial finance brokers expect strong demand for electric vehicles (EVs) from UK business,…
Used car dealer finance can outperform personal loans, says MotoNovo
Used car dealer finance can break through into the finance mainstream as we enter life beyond lockdown, MotoNovo Finance chief executive Mark Standish believes. In a rapidly changing and increasingly…
Cazoo acquires German car subscription service Cluno
UK online car retailer Cazoo has completed the acquisition of Cluno – a German consumer car subscription service, for an undisclosed sum. Once integrated, Cazoo will launch its full proposition…
Covid roadmap: what it means for UK automotive
Prime minister Boris Johnson has unveiled the government’s roadmap for easing Covid restrictions in England, which culminates in all restrictions being lifted by 21 June at the earliest. In terms…
FCA imposes trading restrictions on Raedex Consortium
The Financial Conduct Authority (FCA) has imposed multiple restrictions on motor finance provider Raedex Consortium, requiring the firm to cease conducting regulated activities. Raedex is part of an investment scheme…
Coronavirus auto latest: Used car dealers optimistic for 2021
As the UK enters into its third national lockdown, we will once again be updating this page daily with the latest news coming out of the industry with regards to…
JLR confirms 2,000 further job cuts ahead of electric switch
Jaguar Land Rover (JLR) has confirmed a further 2,000 job cuts this year, following the firm’s announcement that the Jaguar brand will be all-electric by 2025. Earlier this week, JLR…