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...

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...

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...

The FCA has conceded that Consumer Duty rules are overlapping with existing regulation and will now look to strip back red tape and “streamline” its regulatory rulebook. The financial watchdog...

FCA PLEDGES TO CUT RED TAPE CAZOO: ‘AGGRESSIVE EXPANSION’ A FACTOR IN FAILURE LITHIA UPS STAKE IN PINEWOOD MOTORCYCLE RETAILERS DISSATISFIED, NMDA SURVEY REVEALS LITHIA Q2 RECORD REVENUE BUT...

As this week’s Consumer Duty ‘good outcomes’ deadline approaches, FCA executive director Sheldon Mills has been profiled by The Sunday Times. Adopted by his grandparents at five, he grew up in...

INDUSTRY AWAITS LABOUR PLANS FOR UK EV POLICY ‘SHAMBLES’ FCA’S SHELDON MILLS PROFILED KPMG LOSES PINEWOOD MOTORPOINT’S CARPENTER SELLS 100,000 SHARES CINCH FD REMAINS IN PLACE FIRST CHINESE...

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...

EXCLUSIVE: NFDA ON THIS WEEK’S GENERAL ELECTION MOTORPOINT SLASHES BONUSES FOR CARPENTER, MORGAN MOTORS ADMITS ‘MIXED SENTIMENTS’ IN ACQUIRING CAZOO CDK DMS CYBERATTACK COULD COST US RETAILERS...

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...

COX ‘CAUTIOUSLY OPTIMISTIC’ ABOUT USED CARS IN 2024 UK URGED TO AVOID US 100% TARIFFS ON CHINESE CARS FOS HAS 20k MOTOR FINANCE COMPLAINTS AUTO RETAIL LIVE BUSINESS BAROMETER CHINA RETAILERS DITCH...

EV DISCOUNTS MOUNTING AS OEMS AIM FOR 22% MIX AUTO RETAIL LIVE BUSINESS BOOSTER CHIPPENHAM KIA ON SALE FOR £5m KIA EV EDUCATION AT RETAILERS US PUBLIC RETAILERS IN PROFIT PRESSURE 10 ASBURY RETAILERS...

SUBARU EMBRACES RETAILERS IN RENEWED PUSH RNLT: RENAULT’S NEW URBAN STORE CALL FOR SCRUTINY OF UK REGULATORS INCLUDING FCA BUSSEYS FORD MARKS 100 YEARS – AND BYD JOINS FORD IN SHEFFIELD EV SALES...

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...

FTSE 250 merchant bank Close Brothers has launched a £400m capital plan to strengthen its balance sheet amid the FCA review into car finance. Close Brothers has by far the most car finance exposure,...

EXCLUSIVE: HYUNDAI PLANS NETWORK RESTRUCTURE CLOSE BROTHERS’ £400m FCA FIGHTING FUND USED CAR DEALER CLOSES OWNING £430k NETWORKS REPORT NOW ON SALE MERCEDES DEFENDS GERMAN RETAILER SALE CARVANA...