Finance Hub

Premier automotive finance provider JBR Capital has launched a new carbon-offsetting Programme for its customers. It will offset 5,000 miles of carbon emissions for each car financed by its clients through the purchase of carbon credits. Working with leading sustainability consultancy EB7, JBR Capital has calculated its internal greenhouse gas emissions for 2019 to provide a baseline. This model sets ...

V12 Vehicle Finance (V12VF) powered by Secure Trust Bank – has provided £100m worth of stock funding to its portfolio of independent and franchised car dealers across the UK. Since launching its stock funding solution in 2019, the vehicle finance brand has supported 245 dealers source stock and finance used vehicles. Reaching £50m worth of stock funding in September 2021, ...

Evolution Funding has partnered with Codeweavers. Dealers can now access Evolution’s full finance product suite through their Codeweavers portal, as well as manage finance applications right through to e-Sign. For car buyers, the integration facilitates both online and in-showroom applications and customers can expect a smoother experience as they shop for vehicle finance. Paul Hibbert, Evolution Funding Strategic Relationships Director, ...

V12 Vehicle Finance has become a member of the Automotive 30% Club, which aims to address the current gender imbalance in the industry. Managing director, David Nield, and commercial director, Ciara Raison (pictured), have joined the membership organisation. The purpose of the group is to spark change in the industry and support inclusive leadership, with a mission of filling at ...

Finance for new and used cars soared 16% to hit £45.2bn in 2021, according to figures released by the Finance & Leasing Association. Overall, FLA members across the asset finance, consumer finance and motor finance markets provided £132bn of new business in 2021, 15% higher than in 2020. Stephen Haddrill, Director General at the FLA, said: “The FLA’s latest data ...

Demand for electric vehicles on lease deals rocketed in 2021, surpassing diesel for the first time. Data from car leasing comparison website Leasing.com shows sales enquiries for EVs grew by 106% in 2021 compared to 2020, while demand for diesel fell by 7% last year. EVs accounted for 30% of Leasing.com’s total sales enquiries in 2021, up from 19% in ...

  His appointment follows the retirement of Rani Ponnuthurai and the restructure of the business’ senior management team to support parent company Opteven Group’s plans for expansion in the UK.   Cundell spent 15 years in senior finance roles, including seven years with brands, such as Whitbread and Costa Coffee.    WMs has plans to invest in new products, services ...

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 ...

Dealers are set to deliver record return on sales performance for 2021. That’s the view of ASE Global which said that dealers ‘smashed’ through the glass ceiling in November, traditionally a difficult month posting record £50,000 profits. “November is historically a difficult month for UK motor retailers, falling in the middle of a quarter and towards the end of the ...

  The recovery in the new car market is being hit by ongoing supply shortages and higher interest rates and inflation. That’s the view of the Finance & Leasing Association as it reported finance figures for November. It found that the consumer new car finance market saw new business up 37% by value and 32% by volume in November compared ...