A number of factors look set to make used car stocking and funding a key area of focus in the year ahead. These include used car value realignment, an increased focus on costs/overheads, the...

Data shared by Autotrader suggests that EV prices rose by 0.8% at the mid-point in September. It was the first monthly increase since August 2022. There was some other encouragement, too, with used EV...

The FCA’s new Consumer Duty came into effect on 31 July. In launching the new Duty, the regulator pointed to “higher and clearer standards of consumer protection across financial services, (it)...

Almost three out of four automotive retailers (73%) believe implementing measures to meet the FCA’s Consumer Duty responsibilities will create new business opportunities, according to research from...

On 16 May, the FT Advisor reported that a third of financial advisors were “not confident they are prepared for the go-live date of the consumer duty”. Given that these financial advisors will...

Consumers are undertaking greater pre-purchase analysis of running and reliability costs. They are seeking longer finance repayment periods, and overall there is greater buyer hesitancy in making a...

With used stock supply remaining tight and retailers looking to optimise the opportunities created by the cost of living crisis to purchase older stock, buyers are keen to engage with physical...

As a business that works with around 2,500 motor retailers every month, and will fund around 11% of all used cars, motorcycles and vans financed this year in the UK, we understand the used car...

We live and work in an increasingly diverse and socially aware environment. Reflecting that diversity is crucial to us all in serving our customers and in recruiting and retaining the talent we need...

According to research firm Kantar, the average annual grocery bill in the UK is set to rise by £380 this year to £4960. MotoNovo Finance’s Discount Shopping loyalty programme could enable...

Poor availability of charging facilities on a local basis is hampering the ability of retailers to sell both new and used EVs to “a surprisingly large degree”. Philip Nothard, Vehicle Remarketing...

I’m conscious that flagging a regulatory change that needs to be finalised a year ahead of the deadline may seem odd. I make no apology because I know how hard we are working to ensure we make all...

According to the latest data from Auto Trader, the average price of a used car grew 28.5% in the week from 14-20 March on a year-on-year and like-for-like basis, marking the 98th week of consecutive...

The importance of a motor retailer’s knowledge, transparency and overall helpfulness has been revealed in new research, which finds that helpfulness is a crucial factor in buying and a customer’s...

I think we all know that recruiting and retaining talent has become increasingly challenging over the last year. With this in mind, it was good to see dealers promoting the successes and opportunities...

With a press release titled ‘FCA to introduce new Consumer Duty to drive a fundamental shift in industry mindset’ issued on 7 December, the Financial Conduct Authority made it very clear that it...

The trajectory towards an online used car purchase, which was so crucial during lockdown, has waned since the UK re-opened. This was a key finding from the latest wave of our long-term ‘Attitude to...

As the UK moves increasingly towards recovery following the unprecedented environment created by the Covid-19 pandemic, an exciting aspect of the much-vaunted ‘new normal’ is the importance of...

I’ve just read an article in the Times under the headline, ‘Would you trust a second-hand car salesman to give you a loan?’ Without question the inference in the headline was disappointing but,...

On 14 May the FCA announced plans for a new Consumer Duty. Its consultation paper sets out proposals for a higher level of consumer protection in retail financial markets to which it expects firms to...