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...

The Financial Conduct Authority’s new ruling on commission models has been released – what does it mean for retailers? Around 90% of new cars are sold on finance, so when the Financial Conduct...

The Financial Conduct Authority has put its investigation and consultation into motor finance commission models on hold until at least October due to the Covid-19 outbreak. In a statement by the FCA...

The FCA has revealed its intention to ban commission linked to the interest rate that customers pay on motor finance products. The new rules are likely to be put into operation next year. Currently,...

The first Paragon Car Finance Headlight Survey, tracking the views of the UK’s largest motor finance brokers, reports that confidence amongst the UK car-buying public is buoyant, with 60% of brokers...

Car retailers are anticipating strong sales in the coming months following reports that March had the highest rates of new car sales this century. To ensure retailers can take advantage of the current...

Are car sales about to roar ahead? That seems to be the positive message circulating within the sector this autumn. The UK has been feeling the benefit of a record 42-month unbroken run of growth in...

Ever wondered why some dealerships have no problem placing customers with a funder, while others seem to struggle? There are, as I’m sure you know, two clear steps that a finance proposal goes...

Paper finance agreements are about to become a thing of the past in Renault and Nissan showrooms, thanks to a new electronic system from RCI Financial Services called Edison – Electronic...

Thanks to an innovative system called Chrysalis Renewal Manager from Chrysalis-Solmotive, Harwoods has increased sales and frequency of repeat sales, boosting its conversion rate to 90%. The software...

Showroom point of sale finance penetration is currently running at a record level in the UK, at almost 68% for new cars according to the FLA. This is an excellent achievement for the motor retail...