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FLA: car finance new business volumes up 33% in November
New business volumes in the UK consumer car finance market rose by 33% year-on-year in November, according to the latest…
AutoProtect appoints Mike Edwards as chief sales & marketing officer
AutoProtect Group has appointed Mike Edwards as chief sales and marketing officer, bringing significant automotive experience to the role. Edwards…
Margin retention ‘key for retailers’ as supply chain problems continue
Retailers must focus on margin retention and profit, as supply chain shortages are unlikely to ease until later this year,…
Used demand leaving dealers short of stock, survey finds
Eight in 10 motor dealers have seen a surge in demand for used car stock in the last six months,…
ALD Automotive signs MoU in €4.9bn LeasePlan acquisition
ALD Automotive has signed a memorandum of understanding (MoU) to acquire 100% of LeasePlan for a total sum of €4.9bn.…
SMMT: 2021 a ‘desperately disappointing’ year for UK new car market
Mike Hawes, chief executive of the SMMT, described 2021 as ‘desperately disappointing’ for the UK new car market, with registrations…
Markus Deusing appointed as Alphabet International chief
Markus Deusing has been appointed as chief executive officer of Alphabet International, effective from 1 January 2022. Deusing will succeed…
Startline lists £292m securitisation on London Stock Exchange
Startline Motor Finance has floated a £292m securitisation on the London Stock Exchange, creating funding for the firm to continue…
Car finance market falls 1% by value in November, FLA finds
The consumer car finance market reported a year-on-year fall in new business of 1% in value and 11% in volume…
Used car values may not return to pre-pandemic levels, Cox finds
Used car values may never return to pre-pandemic levels, on a count of the rapid acceleration of online and digital…