V12 Vehicle Finance has created 10 new sales roles in 2021, including five internal promotions, to keep up with the demand for used cars and finance.

The number of employees at the Solihull-based vehicle finance provider now stands at 193. Alongside this, five internal promotions have taken place including the appointment of Ciara Raison as the company’s new commercial director, a promotion from her previous role as sales and marketing director within the motor department.

Raison is also a founding member of the Secure Trust Bank equality and diversity steering committee. As a result, the motor finance department now boasts 57% of women in its motor team and 59% in its sales team, outstripping the industry average.

Currently, women only represent 20% of the automotive industry’s workforce, dropping to less than 10% when looking at senior and executive levels.

David Nield, managing director at V12 Vehicle Finance, said: “As the demand for used cars continues to rise, we have taken the opportunity to further invest in our team and bolster the skills and services we can offer for dealers.

“We truly believe that a business is only ever as good as its people, which is why we’re committed to hiring and training up the best talent in automotive, as well as attracting new demographics to the industry.”

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Last month, V12 Vehicle Finance’s option to buy used car and van stock was integrated into epyx’s 1link Trade Buyer.

Buyers will be able to link their existing V12VF account or apply for stock funding with the finance house. When they want to purchase, they can add the vehicle to their facility as part of the platform’s normal online process and receive instant confirmation.

A soft launch to test the V12VF finance facility with a selected number of dealers has now been completed and the integration has been made available to all users, with the option of stock funding proving to be popular, according to Debbie Fox, commercial director at epyx.