Tag Archives: black horse

International Motors Limited (IML) has chosen Lloyds Banking Group to provide finance in the UK for Chinese brand Xpeng. The electric cars are being distributed through International Motors Finance, a joint venture business between IML and Black Horse, Lloyds Banking Group’s motor finance business. It will offer Hire Purchase (HP) or Personal Contract Purchase (PCP) products, providing greater payment choice ...

Black Horse and Jaguar Land Rover have announced a one-year extension to their existing six-year financing partnership. The new agreement will see the car finance arm of Lloyds Banking Group continue to provide finance products for customers buying new Jaguar and Land Rover vehicles through 2020. Both companies are on strategic three-year business cycles and the additional year will bring ...

  It’s been a few weeks since the FCA announced an update on their review into the motor finance market. We welcome the interim findings and look forward to the full outcome in September. Before looking at the specifics, it’s important to remember that fundamentally the FCA wants to see good conduct principles embedded in the culture of firms and ...

Dealers will continue to play a pivotal role in the car buying journey for consumers. That’s the conclusion of new research from Black Horse, which found that 45% of people want face-to-face guidance from a dealer during the car buying journey. This desire is strongest amongst over 55s (52%) and 18-24 year olds (51%). Less than a third (32%) of ...

On this Saturday’s episode of MotorTradeRadio.com, Philip Nothard, head of external relations at Cox Automotive, is joined by Curtis Hutchinson, editor at Motor Trader to discuss the latest headlines. One of the biggest stories of the week was the fall in new car sales in November for the eight consecutive month, according to SMMT figures. The decline in confidence was ...

Mitsubishi Motors is aiming to fire up finance sales with the appointment of ex-Black Horse head of business strategy Paul Brotherton. Brotherton has been appointed as the head of sales and marketing for its in-house finance operation, Shogun Finance. Brotherton spent 27 years with Black Horse. In his new role, he oversees a team of 12 managers who work with ...

  Motor finance specialist Black Horse said it was expecting increased challenges in the second half of 2016 in an uncertain economic climate. The warning came as it delivered a strong first half performance in 2016 with lending up 30% to over £10bn. During the period it added 220,000 new customers across its motor, bike and leisure business compared with ...

Black Horse delivered its strongest year ever in 2015,reporting year-on-year net lending growth of 34 per cent to £9.1bn It also increased market share through an 18 per cent increase in new lending. This growth was driven by the manufacturer partnerships such as Jaguar Land Rover and growth in used car finance. Black Horse continued to invest in its digital ...

Black Horse increased year on year net lending growth by 33% to £8bn in the first half of 2015. As part of the Lloyds Banking Group it added 155,000 new customers across its motor, bike and leisure business during the first half. It has also continued to invest heavily in its digital offer, launching Halifax Car Plan Extra secured online car ...

Lloyds Banking Group has become the first bank  to launch secured online car finance in the UK The service will initially be restricted to eligible online Halifax customers. Halifax Car Plan Extra is currently available for used cars that are purchased through dealerships only. But the scheme will be rolled out for new cars in the coming months with customers able ...