MotoNovo is axe its online classified and finance platform findandfundmycar.com in early 2024. The platform was launched in 2018. The finance company recruited a dealer council to define strategy for the new website and also used dealers’ families and pets in the shoot. FindAndFundMyCar said at the time it planned to spend £5m in the first six months post launch ...
Read More »Demand for used car finance up 35% after lockdown
The number of people looking for used car finance has increased by 35%, according to new research from findandfundmycar. It found that there is a clear trend towards lower monthly repayments with almost half of used car buyers seeking cars that will cost them under £250 per month These are the two key trends pre and post lock-down car buying ...
Read More »Used car market to become ‘more challenging’ in 2019
The used car market is set to become “more challenging” in 2019 with the ongoing political uncertainty. That’s the view of Karl Werner, deputy CEO of MotoNovo Finance, the business behind dealer online classified platform findandfundmycar.com. “Looking at current market conditions; the continuing emergence of market disruptors and what now looks set to be ongoing political jousting, dealers should prepare ...
Read More »FindAndFundMyCar grows vehicle inventory to 136,000
Over 2,600 dealers have now signed up to MotoNovo Finance’s aggregation platform, findandfundmycar.com, which now lists 136,000 cars. MotoNovo took the decision in September last year to axe dealer fees in order to boost the number of dealers listing vehicles on site. It said dealers experienced a 13.5% uplift in finance volumes in 2018 and that over 55,000 finance proposals ...
Read More »MotoNovo axes dealer fees for FindAndFundMyCar website
Findandfundmycar.com, the online car finance aggregator website created by MotorNovo Finance, has axed dealer fees. Whereas before dealers were charged for placing cars on site thus funding cross media advertising, now they can list stock for free. MotoNovo said this will help to get more dealers on board and grow the volumes of cars listed on the site. MotoNovo Finance’s ...
Read More »FindAndFundMyCar creates £5.8m of finance proposals
Findandfundmycar.com created £5.78m of finance proposals in its first two weeks of business following the launch of the website on 15 January. Over half (58%) of the car searches included a dealer finance search, which it said was twice the estimated level of dealer finance engagement that is seen at the point of sale. Phil Morgan head of findandfundmycar.com, said: ...
Read More »MotoNovo launches advertising campaign for FindAndFundMyCar
The multi-million pound media campaign for MotoNovo’s new online classified website and finance aggregator FindAndFundMyCar.com launched today with TV, radio and external advertising. The website has 75,000 cars listed from 1,600 participating dealers. FindAndFundMyCar plans to spend £5m in the first six months and this will grow to £10m in its full year. The spend is being generated from dealers ...
Read More »FindAndFundMyCar gears up for January launch
MotoNovo is pushing ahead with plans for its new FindAndFundMyCar website, which is due for launch in January 2018. Heading up the operation is Philip Morgan, a specialist in business to consumer website campaigns who was previously chief finance and operating officer at GoCompare, the insurance price comparison site. Morgan joined GoCompare initially as head of finance and risk and ...
Read More »MotoNovo appoints ex-GoCompare COO to head up finance website
MotoNovo Finance has appointed Phil Morgan to head up its new used car finance website FindAndFundMyCar. Morgan joins the business from GoCompare.com, where he held the roles of chief finance officer and COO. In his new role, he will be responsible for launching and developing FindAndFundMyCar, which is being designed to provide a ‘not for profit’ alternative classified option. ...
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