Finance Hub

Motor finance company Oodle has appointed Richard Gaskin as CEO-designate. Oodle’s founder Jonny Clayton will remain on the board of Oodle as a non-executive director. He will remain as CEO for a three-month period as the regulatory approval process for his successor concludes. Jonny Clayton, founder of Oodle, said: “I’m very proud of what the Oodle team has achieved since ...

Opteven UK, the owner of warranty company WMS Group, has announced plans to grow with the official opening of a new national HQ at Birchwood in Warrington. This marks a significant six-figure investment in one of the most successful business areas in the North-West of England. Embarking on ambitious plans to double the size of its business by 2025, as ...

Alphera Financial Services has appointed Daniel Temple as head of sales development. Temple moves to this new position from within BMW Group Financial Services where he held the position of sales channel development manager. His retail motor finance experience takes in roles, including UK regional manager for BMW Motorrad Financial Services and MINI Financial Services. His most recent position saw ...

US giant Fortegra has acquired ITC Compliance for an undisclosed sum. ITC provides Appointed Representative (AR) status to over 1,000 dealers in the UK, allowing them to motor sell finance and insurance products without having to pay Financial Conduct Authority fees and seek FCA authorisation. Dealers on its books include JCT600, TrustFord, Glyn Hopkin and Twomey Motor Group. Fortegra said ...

Bowker Motor Group has appointed a new finance director. Ben Gornall has worked for the family-owned automotive retail group as financial controller for four years. He joined Bowker from Oldham-based NSL where he was also financial controller. Gornall said: “I joined Bowker Motor Group as Porsche Centre Preston was being built. It was an exciting experience to be part of ...

Rising inflation and supply constraints in the car business have prompted the Finance & Leasing Association to be more negative on motor finance prospects for 2022. Geraldine Kilkelly, director of research and chief economist at the FLA, said: “The near-term economic outlook remains difficult as consumers and businesses face higher prices and increased costs across the board. “The impacts of ...

New figures released today by the Finance & Leasing Association (FLA) show that the consumer new car finance market up 15% by value and 9% by volume in February compared with the same month in 2021. Figures from the Finance & Leasing Association show that In the first two months of 2022, new business volumes in this market were 30% ...

Motor finance firm MotoNovo Finance delivered a record performance in the first quarter. The performance beat MotoNovo’s previous record month set in July 2020, which was influenced by the release of pent-up demand following the first national lockdown. Managing Director Karl Werner said the market was likely to see the impact of an uncertain global geopolitical backdrop and rising inflation ...

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. ...

Warrantywise has restructured its sales operation with a new partner programme to improve the support it provides to dealers. The head office staff in Blackburn will be supported by a regional business development team covering the North of England, the Midlands, and the South of England. Dealers that see higher volumes of vehicle sales will be supported by a team ...