Finance Hub

The consumer car finance market reported a fall in new business volumes of 10% in August 2021 compared with the same month in 2020. New figures released by the Finance & Leasing Association (FLA) show that in the eight months to August 2021, new business volumes remained 16% higher than in the same period in 2020. The consumer new car ...

The Marketplace addition to the CarFinance 247 platform has seen 500 dealers join, representing around 5% of the total UK independent market. The company said it is on track to welcome 1,500 dealers to the marketplace by January 2022. The Marketplace is complemented by CarFinance 247’s car search tool, with more than 110k used car listings, allowing buyers to quickly ...

A range of eight remarketing modules for motor finance, vehicle leasing and other major fleets has been launched by epyx. Based on technology from its 1link Disposal Network platform, they are being made available in response to customer needs that have arisen in the wake of the pandemic. Debbie Fox, commercial director, said: “Digitisation has been one of the key ...

MotoNovo Finance MD Karl Werner has joined the Automotive 30% Club, the voluntary network of MDs and CEOs from UK based automotive manufacturing, retailing and supplier companies. The Automotive 30% Club was founded by Julia Muir to encourage inclusive leadership and achieve a better gender balance within the automotive industry. A central aim is to see at least 30% of ...

New car finance is set to grow by 17% this year and a further 14% in 2022, as supply restraints ease and dealers cater for strong pent-up consumer demand. That is the view of the Finance & Leasing Assocation which today released figures for the car finance market in July. Geraldine Kilkelly, director of research and chief economist at the ...

Genesis Finance has launched digital financial services in UK. Genesis Finance is a range of financial products for global premium luxury automotive brand Genesis, It has been developed by Hyundai Capital UK (HCUK) based on its experience as a captive finance provider for Hyundai Motor Group since 2012. The digital car-purchasing journey, fully aligned with Genesis brand, has been tailored ...

Used car dealers will be able to advise potential customers on why their online motor finance application is likely to fail and adjust it accordingly. Eligibility Summary means when a customer tests their likelihood for credit approval online using iVendi technology – an option already offered online by more than 900 motor retailers – a report covering any rejections is ...

Car Auction Search, the new vehicle auction platform, has announced a new partnership with V12 Vehicle Finance. V12 Vehicle Finance is its website sponsor and will provide Car Auction Search auction members with a comprehensive stock funding plan, helping buyers to source, fund and finance vehicles faster. There is a single-funded value ceiling of £50,000 for independent dealers and £65,000 ...

Alphera Financial Services has launched a new website to improve the user experience for customers looking to ‘self-serve’ their car finance online. Last year in the pandemic its website users increased by 80% over the previous year, with more people looking to research information on new finance options or manage their existing finance agreement via the website. It continues to ...

Demand in the used market is creating a need for more staff in car finance, as provider Zuto looks to hire 100 new staff. Since January 2021, Manchester based car finance company Zuto has hired over 150 new employees. With interest in the second-hand car market soaring vs pre-pandemic levels, Zuto plan to hire a further 100 by the end ...