Tag Archives: startline

The majority of dealers have changed the profile of cars they stock on forecourts as consumer spending comes under pressure. Sixty-three per cent of dealers have changed the types of cars they are stocking in response to the cost of living crisis, the dealer section of July’s Startline Used Car Tracker shows. More economical cars are being offered by 26%, ...

  Dealer pessimism over used cars has mounted over the past month amid concerns over the cost of living and uncertainty created by the war in Ukraine. The majority of dealers (79%) are pessimistic about used car prospects compared to 60% last month. Just 12% are optimistic about prospects compared to 33% a month ago, according to the Startline Used ...

More than eight out of 10 (84%) used car buyers would back a controversial Government idea to switch to two years between MOT tests. The new monthly Startline Used Car Tracker shows that 69% of this group believe their car would remain safe despite the longer gap. Saving money appears to be less of a factor behind their thinking, mentioned ...

  Stock availability is the biggest challenge facing used car dealers in coming months, according to  a new monthly survey conducted by Startline. Availability was cited by 70% of dealers, followed by increasing compliance requirements (46%), growth of mobility solutions (35%) and finance availability (33%). There was also uncertainty over ICE future values, cited by  30% of dealers followed by ...

A buoyant used car market has resulted in Startline Motor finance delivering a 30% increase in the value of new business generated in the first quarter. CEO Paul Burgess said that despite a significant rise in the cost of living and the war in Ukraine, the used car market was set to remain ‘relatively strong’ in 2022 with strong demand. ...

Startline is set to move into electric vehicle funding which it said is a key area of future growth for the company. It said a £292 million securitisation exercise carried out in December, where the company floated part of its existing debt book on the London Stock Exchange, would open up future funding sources. This is evidenced by the company ...

Startline Motor Finance has appointed Andy Smithson to the new role of head of internal control, compliance and legal relay. He will be responsible for ensuring a robust and effective control environment with strong ongoing legal, regulatory and operational compliance, as well as managing the interlock with the company’s legal panel and leading the environmental, social and governance agenda. He ...

A £292m securitisation, listed on the London Stock Exchange, has created funding for Startline as it looks to move into used electric vehicles. The exercise has seen the company float around three quarters of its existing debt book under the name Satus – Latin for start – in order to open future funding sources, including a £400m committed facility from ...

The rise of electric vehicles (EVs) could help to improve the overall used car buyer experience and accelerate the move to online sales, according to Startline Motor Finance. Gregor Sutherland, COO, said the fact that EVs had fewer moving and wear parts that their internal combustion engine (ICE) equivalents means that there is less to go wrong, to the benefit ...

Expected high used car demand in early 2022 has prompted Startline Motor Finance to recruit additional staff. Paul Burgess, CEO, said that 10 employees were being added to the company’s origination team, based at its Glasgow headquarters, to handle increased levels of business. “We normally see a bump in demand during January and are expecting this to be a strong ...