Auto Remarketing

NOVEMBER 27, 2023

An overwhelming percentage of car dealers who use digital retailing tools are reporting encouraging results, according to the latest research by Cox Automotive. The top benefit of digital retailing, according to both dealers and customers, is the time saved, cited by 60% of dealers and 93% of shoppers.

Retail 111

Retail Deal Finance Customer 111

Automotive Addicts

JANUARY 22, 2024

UACC is a significant automotive finance company, while CarStory specializes in AI-powered analytics and digital services for automotive retail. Robert Mylod, Independent Executive Chair of the Board, emphasized the commitment to responsibly managing the remaining businesses, namely United Auto Credit Corporation (UACC) and CarStory.

Retail 110

Retail Floorplan Finance Automotive 110

Motor Trader

NOVEMBER 11, 2024

Close Brothers Motor Finance has begun a phased return to the writing of new UK motor finance business. Following the temporary pause in underwriting new vehicle finance agreements, which was announced on 25 October 2024, CBMF resumed writing new business with selected partners on Saturday 2 November 2024.

Finance 95

Finance Retail Development Customer 95

Auto Remarketing

FEBRUARY 1, 2024

CARFAX report: New-car deals help fuel price drops As opposed to the wholesale market, used car retail price decreases actually accelerated in January, according to CARFAX’s latest report on that market. That means more low-interest financing and more cash-back deals from automakers,” the report said. Cars were down $400.

Retail 98

Retail Marketing Finance Deal 98

Dealer World

DECEMBER 4, 2024

Central to this process is the use of encryption in safeguarding customer data in automotive retail to avoid privacy breaches, and how dealerships can implement encryption to protect their customers and businesses. Customers now expect seamless online experiences, from researching vehicles to completing purchases.

Retail 89

Retail Customer Automotive Dealerships 89

Autocar

AUGUST 7, 2024

Values of used EVs have halved since September 2022, according to Cap HPI The retail price of a three-year-old EV is now 8.5% According to Cap HPI, the retail price of a three-year-old electric car is now 8.5% lower than that for an equivalent petrol or diesel. For four-year-old cars, the gulf widens to 14%.

Retail 142

Retail Finance Manufacturing Term 142

Motor Trader

OCTOBER 14, 2024

iVendi has partnered with Tandem Motor Finance, part of Tandem Bank, to help offer its products to potentially thousands more car dealers. From long, personal experience, I am very aware of iVendi’s reputation for reimagining the future of dealer finance in an increasingly digital world. Agility is at the heart of a dealer’s success.

Finance 64

Finance Banking Retail Development 64

Motor Trader

NOVEMBER 6, 2024

AutoBi provides business intelligence tools for car retailers and OEMs. Its dashboards provide updates on critical information about all aspects of an automotive business including CRM, sales, service, parts and finance. Bumper has completed its first acquisition, purchasing business intelligence tools company AutoBI.

Retail 115

Retail Finance Automotive Sales 115

AutoSuccessOnline

DECEMBER 20, 2024

In todays competitive automotive service landscape, offering financing options is no longer just a nice-to-have for auto parts and service retailers its a critical tool in the retailers arsenal. The benefits of financing flexibility extend far beyond simply making customer purchases more affordable. The result?

Finance 40

Finance Retail Repairing Customer 40

AutoDealer Today

AUGUST 1, 2024

Finance and Insurance forms a pivotal component of the retail automotive industry, operating at the intersection of financial services and consumer protection. As the industry evolves, the role of F&I in shaping customer experiences and driving dealership profitability becomes increasingly significant.

Insurance 130

Insurance Sales Retail Finance 130

AutoSuccessOnline

JANUARY 22, 2025

Upstart announced the largest and most significant set of product enhancements to the in-store and financing solutions on its Auto Retail platform. The enhancements empower dealerships to more easily configure and efficiently manage the sales process, desk deals, streamline financing workflows and close sales more quickly.

Finance 52

Finance Down Payment Retail APR 52

Motor Trader

MAY 15, 2024

MG Motor UK has extended its retail and wholesale funding partnership with Santander Consumer Finance for a further three years. The agreement covers point-of-sale customer finance through the MG Motor Financial Services brand.

Finance 59

Finance Retail Networking Customer 59

Dealer World

JANUARY 28, 2025

NEW YORK January 28, 2025 Adoption of digitized contracting and documentation workflows by auto retailers and their lending partners that foster back-office efficiencies saw a noticeable jump, according to analysis by Wolters Kluwer Compliance Solutions from its Q4 Auto Finance Digital Transformation Index.

Finance 77

Finance Banking Retail Customer 77

Jato

MARCH 21, 2024

With electric vehicle uptake continuing to be a hot topic for the automotive industry, we take a look at the latest Monthly Payment finance data to give our predictions on the trends we could see in 2024. Prediction #3: UK car market – ZEV Mandate requirements to drive OEM finance offers?

Retail 111

Retail Finance Manufacturing Financing Costs 111

Motor Trader

SEPTEMBER 23, 2024

Consumer pre-approval for motor finance is becoming “crucial” as the industry moves to a risk-based approach. That’s the view of iVendi which said that risk based finance for consumers had potential downdised. Fixed rate motor finance has its own issues. It’s not a very fair system.

Finance 59

Finance Retail Technology Development 59

Motor Trader

FEBRUARY 18, 2025

Crider joins Carwow Group from Securitas, where he was European CFO, leading 200 finance personnel across Europe. He spent the first 14 years of his career at US Retail behemoth, Walmart. This story continues at Carwow Group appoints chief finance officer Or just read more coverage at Motor Trader

Finance 52

Finance Retail Technology 52

Dealer World

JULY 29, 2024

The survey offers a candid, on-the-ground view of auto retail’s opportunities and challenges in the near and medium term,” said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. The results underscore the continuing evolution of the auto retail marketplace, particularly regarding the demand challenges associated with EVs.

Retail 92

Retail Sales Sales Goals Modification 92

Motor Trader

AUGUST 15, 2024

Carwow will launch a new marketing campaign to help boost retailers’ enquiries and sales during the September plate-change. The campaign will help retailers manage new car stock supply and build pipeline. Carwow will promote deals for 1,000s of new cars available from participating retailers.

Retail 105

Retail Financing Costs Sales Finance 105

Motor Trader

JANUARY 15, 2025

KGM dealers are set to offer customers a wider range of finance products with the launch of KGM Financial Services. CA Auto Finance, the UK subsidiary of CA Auto Bank, and KGM have deepened ties to launch KGM Financial Services, offering consumers retail and contract hire finance products, value added products, and wholesale financing.

Finance 52

Finance Banking Retail Customer 52

Motor Trader

FEBRUARY 4, 2025

Steve Franklin has been appointed as commercial director of Santander Consumer Finance. Franklin was most recently chief commercial officer for Santander Consumer Finance Nordics, responsible for operations across four countries, making it one of the business largest international divisions.

Finance 52

Finance Retail Term Management 52

Motor Trader

FEBRUARY 21, 2025

Subaru UK & Ireland celebrated the achievements of its Retailer network at its Annual Conference & Awards in Reading. Aird Motors, based in Beauly, Scottish Highlands, was named the overall Retailer of the Year for 2024. Proven Motor Company secured the Fleet Dealer of the Year Award, D.

Retail 59

Retail Networking Finance Management 59

Auto Remarketing

JULY 30, 2024

Perhaps it’s jumping to conclusions, but the only segment in Black Book’s tracking to squeeze out a wholesale value uptick last week might relate to vehicles in position to solve one of the pressing current challenges to get cars financed and retailed.

Retail 105

Retail Finance Marketing Development 105

Motor Trader

NOVEMBER 7, 2024

The shockwaves from the landmark ruling at the end of last month are still being felt across Britain’s automotive retailers. The Court of Appeal found it unlawful for dealers to receive commissions from finance companies unless the payments had been properly disclosed and customer consent was given.

Finance 59

Finance Technology Automotive Dealerships 59

Carscoops

SEPTEMBER 21, 2024

Digital price tags are also coming to other retail businesses, including Kroger, leading to worries about dynamic pricing tactics. A German firm by the name of Digital Communication Solutions (DiCoSo) created its first digital price tag system in 2018 and has been rolling it out to European auto retailers in the years since.

Retail 116

Retail Finance Deal Technology 116

Carscoops

MAY 13, 2024

New financing deals apply to 2023 WRX and 2023 F-150 Lightning models Customers could save over $5,000 through one of these deals Unfortunately, financing rates for 2024 models are not as competitive We have good news for anyone interested in picking up the keys to a Subaru WRX or a Ford F-150 Lightning in the U.S. for a 72-month loan.

APR 105

APR Finance Finance Rate Retail 105

Shawn Ryder

JANUARY 18, 2025

In the automotive retail landscape, financing plays a crucial role in maximizing sales and ensuring customer satisfaction. However, some aspiring automotive entrepreneurs may find themselves asking, “Can I offer financing to clients without needing a dealership license? This strategy can take several forms: 1.

Finance 52

Finance Dealerships Down Payment Banking 52

Carscoops

DECEMBER 10, 2024

Customers in 48 cities can order and finance a car via amazon.com/autos. The Korean automaker and the retail giant announced plans to team-up and sell cars in 2023, and after the slow rollout of a pilot scheme, the program is fully live. Only Hyundai models are available, but the menu will extend to include other brands next year.

Retail 105

Retail Finance Deal Sales 105

Autocar

MARCH 13, 2024

Start-up is abandoning its home-delivery service to set up a classifieds website News that cash-strapped used car retailer Cazoo is abandoning its signature home-delivery service to set up as a classified site to rival Autotrader was met with derision in an industry it once claimed to disrupt and now wishes to court.

Retail 124

Retail Finance Management Customer 124

Carscoops

JANUARY 23, 2024

If you were thinking about pulling the trigger on a used car through online retailer Vroom, we’ve got bad news: you missed your shot. Times have been tough for online used car retailers, in general. The company announced today that it is suspending all transactions through vroom.com, and laying off around 90 percent of its staff.

Floorplan 122

Floorplan Retail Sales Finance 122

Motor Trader

AUGUST 23, 2024

It has been a challenging year within the retail motor sector with some significant outside factors making huge impacts to the overall profitability of our organisation. It said its Renault, Dacia and Hyundai businesses had performed well but MG was the top performer with retail sales up 93% for the period.

Financing Costs 105

Financing Costs Retail Finance Manufacturing 105

Dealer World

JUNE 24, 2024

For the first quarter of 2024, the Kerrigan Blue Sky Index declined 7% from the fourth quarter of 2023; however, the index remains 80% higher than 2019. “We are pleased to introduce the Kerrigan Blue Sky Index as a barometer for automotive retail and blue sky values.

Retail 94

Retail Dealerships Finance Marketing 94

Carscoops

DECEMBER 7, 2024

A new report claims retailers could bank thousands of dollars on every 2024 / 2025 Charger Daytona they sell, and that’s before the inevitable markups enter the conversation. Markups could balloon that figure – one dealer told reporters Daytonas would sell for at least $10k over list price. For dealerships, it’s a windfall.

MSRP 105

MSRP Banking APR Retail 105

Motor Trader

DECEMBER 13, 2024

2024] EWCA Civ 1282, dealers and finance institutions have been holding their breath to see if the matter would proceed to the Supreme Court. Motor Industry Legal Services (MILS) provides legal advice to 1,000 individual businesses within the sector as well as the Retail Motor Industry Federation (RMI) and its members.

Finance 52

Finance Banking Retail Term 52

Motor Trader

DECEMBER 11, 2024

With many motor dealers already experiencing the challenge of increased overheads and squeezed margins, the extent of the changes to Employers NIC and living wage will provide additional unexpected cost pressures for auto retailers, said Michelle Malone, a finance expert at Xeinadin This story continues at UK motor sector vacancy rate falls to three-year (..)

Retail 105

Retail Finance Automotive 105

Motor Trader

SEPTEMBER 18, 2024

In fact, the split is roughly 60 per cent fleet, 40 per cent retail. Brockhurst began his automotive career in retail sales at Snows Kia Basingstoke three years ago before transitioning to the business team. It will be very good for retail, but corporate as well. It’s hard work, yes, but it’s incredibly rewarding.’’

Management 103

Management Sales Retail Finance 103

Autocar

APRIL 30, 2024

These outstanding individuals cover categories including Executive, Marketing, Retail, Vehicle Development and Manufacturing. The Ford boss was joined by an array of other outstanding individuals named among the Top 100, a list based on their seniority and level of influence and chosen by Autocar and its panel of judges.

Women 135

Women Retail Manufacturing Finance 135

Motor Trader

NOVEMBER 7, 2024

The shockwaves from the landmark ruling at the end of last month are still being felt across Britain’s automotive retailers. The Court of Appeal found it unlawful for dealers to receive commissions from finance companies unless the payments had been properly disclosed and customer consent was given.

Finance 52

Finance Technology Automotive Dealerships 52