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Car finance broker CarMoney, part of Peter Vardy Global Holdings has set out plans to reach 730m in annual vehicle finance by 2029. The group has a network of independent car dealers, who use CarMoney’s systems to offer consumers finance options.
International financial services group Admiral is recruiting a network of UK dealers to boost its car finance business in the UK. Our vision is to build the best Car Finance business in the UK. This story continues at Admiral to set up UK motor finance approved dealership network Or just read more coverage at Motor Trader
According to the Federal Trade Commission (FTC) and the state of Maryland, a local dealer network raked in millions thanks to deceptive practices. Car dealerships don’t exactly have a squeaky-clean image to begin with, and stories like this one aren’t doing the industry any favors.
International financial services group Admiral is recruiting a network of UK dealers to boost its car finance business in the UK. ” Separately, in its dealer recruitment portal it said: “Our vision is to build the best Car Finance business in the UK.
The motor finance commission case goes to the Supreme Court in April and dealers will be watching it closely. He points out that while motor finance providers will likely shoulder most of the load under a redress scheme, dealerships are not immune. This brings us on to networks. Suzuki has a different network story.
The Leapmotor T03 and C10 electric vehicles go on sale today with T03 prices starting at 15,995, or 199 a month and 0% APR PCP finance deals. In the UK the brand currently has 44 Leapmotor retailers as part of the existing Stellantis network and this is expected to grow to 80 by the end of 2025.
With flexible payment options and Guaranteed Future Value, Hyundai Finance avoids nasty surprises down the road. Sponsored by Hyundai Finance Rather than treating finance as an afterthought when signing the paperwork on your new car, Hyundai Finance helps you drive away from the dealership with much more than a great deal.
During its annual Triple Diamond Awards gala, Mitsubishi Motors Sales of Canada honoured the outstanding performance of dealers across its network, in the categories of Fixed Operations/Service Managers, Financial Services Managers, Sales Managers, and Sales Consultants.
MG Motor UK has extended its retail and wholesale funding partnership with Santander Consumer Finance for a further three years. The partnership provides wholesale funding lines for MG’s dealer network, ensuring a supply of new vehicles. The agreement covers point-of-sale customer finance through the MG Motor Financial Services brand.
Isuzu UK celebrated its network at the 2025 Isuzu Dealer Awards which took place at The Library of Birmingham. Alan Able, MD of Isuzu UK, said: Our dealer network has played a crucial role in making 2024 a record-breaking year, with over 6,500 D-Max registrations our best performance since the model’s UK introduction in 2012.
Iceberg Finance and autologiQ have entered an exclusive partnership, in which Iceberg Finance will be the sole financing partner for autologiQ’s Easy Monthly Payment (EMP) repair finance solution. The move also helps Iceberg Finance in its goal to solidify its leadership role in the financial services industry.
With the transportation network accounting for 22 per cent of Canada’s greenhouse gas emissions, and the government betting on full electrification, being part of the movement and being a key player is essential,” said Alexandra Goslar, Senior Director at CIBC Auto Finance.
Many car buyers in Stafford, Virginia, are unsure about the credit requirements for financing a vehicle. Even if your score is below 600, you may still qualify for financing through our network of trusted lenders. If you’re asking, “ What credit score do I need for a car loan in Stafford VA?
His extensive background in commercial finance combined with his own experience building, scaling, and successfully selling a business gives him a unique perspective on valuation, deal structuring, and exit strategies, said DSMA.
When contemplating a transition from a bank job to a finance manager position, many factors must be carefully weighed. Understanding the Role of a Finance Manager Before diving into the details of making the change, it’s crucial to understand what being a finance manager entails. Why Leave a Bank Job?
Santander Consumer UK has signed a deal with BCA to sell cars coming off finance through the auction group. Vehicles will be offered across BCAs remarketing network via dedicated sections within BCAs fleet and finance sales with specialist vehicles offered through LCV, Motorbike and Top Car sales.
DSG Connected, formerly known as Connected Car Finance, has partnered with Auto.Social to deliver AI-powered social media tools and technology to its network of approved used car dealers throughout the UK for free.
Paul Bentley, former group operations director for Lookers is joining the National Franchised Dealers Association (NFDA) to support dealers during the current motor finance upgheaval. Bentley was a “key stakeholder” at Lookers when it was being investigated by the Financial Conduct Authority over breaches in the sale of motor finance. “I
Remote start via cell phone , data connections for built-in apps , cars are increasingly reliant on mobile networks for full functionality — mobile networks that can, and eventually will, shut down. Modern cars are laden down with all sorts of connected features. When those systems go dark, what happens to the cars? Read more.
It is the economic powerhouse of Louisiana, with strong growth projections over the next five years, driven by the presence of major corporations, two of the countrys largest ports, higher education institutions and a vast network of healthcare systems.
We want to help ease this burden and adding 1link Trade Buyers to our network of over 70 trade sources is a good example of how we’re doing this. Tim Meadows, CCO, epyx, said: “NextGear Capital has a great reputation across the wholesale motor finance and used vehicle sectors, and we are very pleased to be working with them on this project.
The programme will include training and development, mentorship, networking opportunities, project assignments and career path planning. Impactful projects will allow graduates to develop their skills and there will be opportunities for them to engage with ambassadors and attend networking events.
British Columbia-based Integrated Financial Technologies, an automotive lending BPO outsourcing company, will sponsor a roundtable discussion at the Auto Finance Summit East 2024 set to take place from May 1-3 at the Grand Hyatt Nashville Hotel in Tennessee. The post B.C.’s
“The site has excellent access to the motorway network making it easy for people to visit us from all over, including Yorkshire and Southern Scotland. Cartime stocks around 1,000 pre-owned cars across various makes and models. Cartime Burnley will have around 250 vehicles. The new site will increase its aftercare and servicing capabilities.
While recently speaking with Car magazine , Ingenlath said Polestar could no longer rely on internal financing. ” Ingenlath added “the plan was always for Volvo to let off ownership” but said it will remain a partner “with whom we need synergies with manufacturing, the service network, and so on.”
Our aim is to recognise and reward the very best in the transport industry and create a networking evening with all the glamour and glitz of a Motor Trader event evening.” “Motor Trader has organised the Motor Trader Industry Awards for car dealers for over three decades.
Paul Burgess, CEO at Startline Motor Finance, said: “It can seem as though a new Chinese EV entrant to the UK car market is announced every week but our research shows that dealers are starting to build up a picture of which they think are the most credible.
She told Autocar that the network is on its way to achieve a targeted 300,000 chargers across the country by the end of the decade but called on the new Labour government to unlock crucial funding, incentivise EV uptake and remove installation obstacles in order to sustain the growth rate.
Nowadays, the vast majority of the research is done online, offering consumers the convenience of browsing, financing, and even purchasing vehicles from the comfort of their homes. Buyers can compare prices, read reviews, and complete financing applications without setting foot in a dealership. However, online car buying has drawbacks.
The automaker’s network size is optimized for a 7-10 percent market share, but Nissan’s chunk of the pie has fallen to just 1.9 “If you’re not selling enough new cars, you’re not generating enough trade-ins, which feed profit centers such as finance, service and parts.”
Why did you join the Women Automotive Network? When I first found the Women Automotive Network, I was and still am really excited. Before joining the network, I knew less than 5 women in automotive and I lacked inspiration. I worked in finance, project controlling, program management - I even know how to use SAP.
To finance more, councils can apply for a share of the UK government’s £350 million Local Electric Vehicle Infrastructure (Levi) Fund. More recently, UK Power Networks, the power distributor for thousands of street lamps across London and the south, gave the green-light for more chargers to be installed, even on older lampposts.
Customers who finance a vehicle with an Auto Link customer will automatically receive a myEZ Car Care loyalty membership, offering discounts at over 10,000 locations nationwide and an innovative Electronic Glove Box app, accessible via desktop and mobile.
How Do You Get Approved For Car Financing? If there is any area that causes people to struggle, its when the time for financing arrives. So, how do you get approved for car financing? There are a few fairly standard steps that buyers need to take to get approved for automotive financing. Lets take a look at what we found.
How Do You Get Approved For Car Financing? If there is any area that causes people to struggle, its when the time for financing arrives. So, how do you get approved for car financing? There are a few fairly standard steps that buyers need to take to get approved for automotive financing. Lets take a look at what we found.
Subaru UK & Ireland celebrated the achievements of its Retailer network at its Annual Conference & Awards in Reading. Keith claimed the Finance Retailer of the Year title, and Geoff Cox Car Sales was acknowledged for Excellence in Customer Service. Proven Motor Company secured the Fleet Dealer of the Year Award, D.
Enhanced Consumer Incentives and Financing Options As governments and financial institutions recognize the importance of promoting electric mobility, more financing options, tax benefits, and rebates are being introduced to make EV ownership more accessible.
” The stores extend Cinch’s post-sale support network, leveraging its digital platform which eases the process of buying, part-exchanging and financing vehicles. The new cinch Stores will offer a range of hand-selected used cars from Cinch’s overall stock of over 5,000 vehicles.
The new Bedford site will be an additional drop-off centre for G3’s network of finance house partners, offer onsite de-fleet and refurbishment facilities, offering secure fleet and offer in-life storage options. G3 also intends to relocate its existing Pool Fleet operation to this facility.
“Trading is still difficult for dealers and our customers are finding it hard to maintain profits as high interest rates continue to push up the cost of finance. “In In my experience over the 10 years that I was a dealer, there wasn’t an equivalent product to help reduce my vehicle prep costs.”
All Lyriqs will come with one year of free public charging through the Chargefox network. Cadillac has also partnered with Plenti to offer “tailored financing solutions” for Lyriq buyers. Once that year is up, you can then opt to receive another two years of free Chargefox charging.
It is understood that used cars under the FSL program will be re-sold by Toyota through its dealer network. For comparison, using the Stratton Finance Calculator , a $72,000 car over three years at 6.5 per month – with an upfront $357.50 ‘establishment fee’ included in the financed amount.
It coincides with the introduction of a service-activated 10-year/300,000-kilometre warranty for Nissan vehicles sold in Australia, which applies from Wednesday January 1, 2025, but has been backdated for vehicles serviced within the Nissan dealer network sold from Friday January 1, 2021.
These have access to financing options and a dedicated BusinessLink dealer network offering maintenance packages and fleet contracts. The existing lineup includes the Ram ProMaster EV, 1500 REV, 1500 Ramcharger, Heavy Duty, and Chassis Cab lines, with more offerings set to be available throughout the year.
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