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...

Figures from the FLA show that consumer car finance new business volumes fell in March 2023 by 8% compared with the same month in 2022. The corresponding value of new business fell by 7% over the same...

MID-2023 GO-AHEAD FOR VOLVO AGENCY MOVE CARWOW SHEDS A FIFTH OF STAFF DEMAND FOR FINANCE REMAINS STRONG DESPITE UNCERTAINTY JLR STILL CUTTING PRODUCTION DUE TO SEMICONDUCTORS LEARN BEST PRACTICE AT...

While the new Consumer Duty puts on the onus and responsibility for achieving its objectives onto the lenders, the real problem is the information required to be sent to customers by the Consumer...

The Times has highlighted some motorists’ car finance complaints in a lengthy feature piece headlined ‘Dodgy motors and hidden fees: claims pile up against car finance firms’. The newspaper...

The latest figures from the FLA show that the consumer car finance market reported a fall in new business volumes of 21% in September 2021 compared with the same month in 2020. In the nine months to...

New figures from the Finance and Leasing Association (FLA) show that the consumer car finance market reported growth in new business volumes of 7% in September compared with the same month in 2019....

New figures from the Finance & Leasing Association (FLA) show that new business in the consumer car finance market grew 19% by value and 9% by volume in July 2020 compared with the same month in...

The FCA has issued draft temporary guidance for finance firms who have customers facing temporary payment difficulties on motor finance products. The guidance sets out the FCA’s expectation that...

At a time when the FLA announced the value of used cars financed by dealers at the point of sale surged 14% and that volume was up 8%, the average price of a used car reached a record £12,967 in...

Used car finance volumes saw healthy double-digit growth in Q2, despite used retail sales keeping flat around the 2.1m mark over the same period. Data from the Finance and Leasing Association (FLA)...

Despite April and May bringing an upturn in year-on-year new-car registrations, the trading environment remains difficult and SMMT predictions for 2018/19 still forecast a reduction over 2017’s...

The pressure may be on in the new car market, with the growth in 2016 driven by fleet and falls in volume predicted for 2017 and 2018. But private buyers have not left the market altogether, with used...

Technology has had an impact on every area of the car buying process, altering what people expect from their cars, inside and out, and arguably even influencing how they expect to buy them. After all,...

Motor finance in the UK has grown to become a £37 billion industry, and the market has changed significantly over the last decade, as Adrian Dally of the FLA explains. “If we look at how automotive...

Retailers are being warned to take care with finance sales, as the financial the ombudsman highlights a rise in complaints about HP and PCP deals of 18% in 2014. Attractive PCP deals are seen as the...

Trader Media Group’s (TMG) decision to close its print division and move solely to digital products was probably the least unexpected move so far this year. Nonetheless, it was nice of the...

The Annual General Meeting of the Finance and Leasing Association (FLA) may not sound like the most exciting social event in the calendar but, once you realise the men (and a few women) in the room...