COULD GOVERNMENT INTERVENE IN COMMISSION CRISIS? LITHIA AND BCA AGREE 5-YEAR REMARKETING CONTRACT JAGUAR BOSS BULLISH DESPITE BACKLASH (AND FARAGE) SYTNER MIDHURST PORSCHE PLANS APPROVED BLOG: WHY...

The NFDA has had a series of meetings with HM Treasury and the FCA following the shock Court of Appeal DCA decision. It has also attended an FCA roundtable with HM Treasury, the Bank of England,...

DACIA OUTLINES 2025 NETWORK STRUCTURE CHANGE NFDA: FCA ‘ON DCA FACT-FINDING MISSION’ 13-YEAR-OLD CAUSES £20k OF DAMAGE AT MACKLIN MOTORS MAN ARRESTED OVER ALLEGED RAPE AT RETAILER US RETAILER...

At the most basic level, retailing cars is a business, and businesses exist to make money. Most consumers understand this concept and are happy to know that their chosen retailer is profitable. I’m...

Sir Howard Davies, former chair of the FCA’s predecessor, the FSA, has blamed the FCA for the DCA crisis, saying a lack of clarity in its rulebook was to blame. “I’m disappointed there has not...

The shock DCA court ruling “threatens to drive up costs for motorists and – in a worst-case scenario – bring the UK’s £100bn motor sector to a shuddering halt”. The Finance and Leasing...

AUTO RETAILERS ‘ON BRINK OF £16bn DCA CRISIS’ FCA BLAMED FOR DCA CRISIS JETTEN LEAVES SEAT; COLLIER LEAVES JACKSONS MARSHALL 2024 PROFIT DOWN OLDEST MERCEDES-BENZ RETAILER CLOSES CAFFYNS SELLS...

The Court of Appeal has unexpectedly allowed all three appeals against Discretionary Commission Arrangement (DCA) claims that were previously dismissed by regional courts around England. Three cases...

New analysis from online search visibility company Sistrix has revealed a huge spike in online search volume for ‘Martin Lewis car finance’ that coincides with the FCA’s investigation into...

The FCA is likely to delay its judgement on Direct Commission Arrangements (DCA) beyond its 26 September deadline due to an ongoing court case, senior lawyers told attendees at a VRA member meeting...

MARSHALL TO REPLICATE PENRAGON DIVISIONS? FCA DCA DEADLINE PUSHBACK INTO 2025 ‘LIKELY’ AUTO RETAILERS IN RICH LIST 2024 FIRST FISKER RETAILER OPENS IN NOTTINGHAM AUTO RETAIL LIVE BUSINESS BOOSTER...

Motorists anticipating a PPI-style windfall from historic discretionary commission Arrangements (DCA) may have longer to wait following action last week by Barclays. The bank has filed a legal...

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....

The FCA says it is “disappointed with the market’s response to our warnings to improve the value of GAP insurance for customers”. The finance regulator was responding to reports last week it was...

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...