BARCLAYS DCA MOVE MAY DELAY COMPENSATION MORE BIG MOTORING WORLD RESIGNATIONS CONSTELLATION CLOSES CAR SUBSCRIPTION SERVICE TESLA ‘ZERO SERVICE’ PLANS VINFAST SEEKS NETWORK DEVELOPMENT MANAGER BMW...

FCA chief Nikhil Rathi said last week it was “improbable we will find nothing to report as we look at historic motor finance sales”. Some companies were ‘almost certainly’ guilty of failings...

FCA: COMPANIES ‘ALMOST CERTAINLY’ GUILTY OF DCA FAILINGS STRATSTONE BYD BIRMINGHAM ‘PERFECT’ TRIUMPH ALEX CHESTERMAN TO SHARE £30m WINDFALL CATCH UP WITH AUTO RETAIL LIVE VOLVO EYES DTC IN...

Banks are in a “holding pattern” as the FCA investigates whether there has been systematic harm with discretionary commission models, says Kate Robinson from regulatory adviser Avyse Partners....

FCA: ‘NO INTENTION OF BANNING GAP INSURANCE’ AUTO TRADER TRENDED VALUATIONS OPEN TO ALL FORRESTER AND VEICHMANIS JOIN AUTO RETAIL LIVE RETAILER EMPLOYEE GUILTY OF FRAUD WITH PRE-PAYMENT CARDS...

Motor finance sales are to come under a new investigation by the FCA which has said it will use its powers under the Financial Services and Markets Act to review historical car finance commission...

Genesis Motor Europe managing director Lawrence Hamilton describes the expansion of the digital-only direct-sales brand into physical retail as “phase two” of its roll-out in the UK, with the...

Average salaries in automotive retail have seen a rise year-on-year of 16%, partly driven by an increase in management basic pay of 17% and bonuses and incentives for management rising to more than...

It’s not a surprise to see that dealers are generally downbeat about the state of the economy, with the balance of expectation toward fewer new car registrations in 2021 on the back of what was...

28 January is a pivotal opportunity for motor finance to reinvent itself and create a new level of consumer trust and confidence in the dealer finance model. It is also a significant opportunity to...

The FCA policy statement and final rules document ‘Motor finance discretionary commission models and consumer credit commission disclosure’, published in July, provided the platform that confirmed...

The grey areas around commission and furlough pay are starting to clear, with more guidance emerging Dealerships have been forced to close their showrooms and furlough their sales teams. It is hoped...

Marshall Motor Group CEO Daksh Gupta has welcomed the FCA’s move to ban interest rate commission on motor finance products, suggesting it will simplify the sales process and increase transparency....

The FCA has acted to protect those buying motor finance, with the announcement that it intends to ban the way in which some car retailers and other brokers in the motor finance sector receive...

On 4 March the FCA published its long-awaited review on motor finance, a report that will undoubtedly signal change for the motor financing industry. The aim of this communication is to provide a...

In its review of the motor finance market, the FCA has thrown down the gauntlet to lenders and dealers to improve the customer proposition and experience. So says MotoNovo Finance CEO Mark Standish,...

The key messages from the publication of the Financial Conduct Authority’s (FCA) Final Findings on its review of motor finance were clear from the headline in the reports press release heading;...

Dealer finance is gearing up for potential change in the year ahead as we await the publication of the FCA’s findings into its review of motor finance. Having worked on both the finance company and...

Keith Duncan, who trained as a pilot with the RAF before embarking on a 30-year retailing career, has charted a flight plan for Edinburgh-based multi-franchise group Eastern Western and its 1,016...

Jeremy Hicks, Jaguar Land Rover UK’s managing director, is encouraging the 35 retail partners running its combined 201 outlet network to pay staff, particularly sales executives, higher basic...