POS consumer car finance grew 13% year-on-year in February, reaching £2.3bn in value, figures from the Finance and Leasing Association (FLA) have shown.…
SMMT: March marks 12th consecutive fall in registrations
A 15% fall in new car sales in March marked the 12th consecutive month of declining car sales, according to the SMMT. The 474,069 cars …
Used car values see steady rise in first quarter: cap hpi
Average used car values have seen an year-on-year rise of 0.4% in March and 1.2% in the year-to-date, according to cap hpi.…
FLA: New car finance continues to shrink in January
The total number of new cars sold on finance shrank 4%, year-on-year in January, to 61,204, Finance & Leasing Association (FLA) figures have shown. Despite …
Volkswagen Bank singles out UK as main bearer of residual value risk
Volkswagen Bank, parent of Volkswagen Financial Services UK since September, said the UK accounts for 60% of its residual value risk exposure, which it put at a total of €433m (£380m).…
NFDA survey: Dealer satisfaction with finance keeps falling
Franchised dealers’ satisfaction over their manufacturers’ finance programmes has been falling over the past year, according to the National Franchised Dealers Association (NFDA).…
SMMT: New car market down 2.8% in February
New car sales fell by 2.8% year-on-year in February, totalling 80,805 vehicles, according to figures from the Society of Motor Manufacturers and Traders (SMMT).…
AutoTrader highlights opportunity in used PCP space
Retailers should look to capitalise on more opportunities for PCP in the used car space, AutoTrader said, after PCP overtook HP for used vehicles in 2017.…
Cap hpi: PCP helps push new car prices up 38% over last decade
New car prices have risen by an average of 38% since 2008, according to an analysis by cap hpi.…
JATO: Global car market passed 86m units in 2017
Global car sales grew 2.4% in 2017 to 86.05m I 2017, according to data from JATO Dynamics. According to JATO, SUVs contributed significantly to the …