• Drivers intimidated by used car confusion
    • 25/05/2023
    • Posted by: Alan Feldberg
    • Category: News
    New research has found that motorists do not understand how much buying a used car will really cost them, making the process intimidating, complex, and stressful. The report by digital bank Zopa highlights that over half of UK drivers (52%) will be in the market for a used car when it comes to buying their next [...]
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  • Drivers swayed by short-term benefits
    • 10/02/2023
    • Posted by: Alan Feldberg
    • Category: News
    Almost a third of British motorists are more reluctant to replace their existing car by committing to a long-term lease than they were 12 months ago. Research by mobility provider SOGO found that only 14% of drivers would be more likely to commit to a long-term financial lease to fund their next vehicle than a year [...]
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  • Car finance market enjoys October uptick
    • 15/12/2022
    • Posted by: Alan Feldberg
    • Category: News
    New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in October 2022 by 4% compared with the same month in 2021. The corresponding value of new business increased by 9% over the same period. In the 10 months to October 2022, new business [...]
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  • Vehicle finance demand unaffected by inflation
    • 29/11/2022
    • Posted by: Alan Feldberg
    • Category: News
    Consumer demand for motor finance remains strong despite the economic uncertainty. According to the latest data from Auto Trader there were over 1.9 million finance interactions on its platform last month, while the Finance and Leasing Association’s (FLA) reported that second-hand car finance penetration is now [...]
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  • Car finance market enjoys healthy growth
    • 11/10/2022
    • Posted by: Alan Feldberg
    • Category: News
    Consumer car finance new business grew by five per cent in August, according to new figures released by the Finance & Leasing Association (FLA). Meanwhile, the value of new business grew by 13% during the same period. In terms of finance for new cars, the FLA reported that the consumer market grew by two per [...]
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  • Car finance market suffers summer slowdown
    • 09/09/2022
    • Posted by: Alan Feldberg
    • Category: News
    Consumer car finance new business volumes fell by three per cent in July 2022 compared with the same month in 2021, according to the Finance & Leasing Association. However, the value of new business increased by five per cent over the same period. The consumer new car finance market reported a fall in new [...]
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  • Volvo Cars names new financial chief
    • 01/09/2022
    • Posted by: Alan Feldberg
    • Category: News
    Volvo Cars has appointed Steve Catlin as new managing director of Volvo Car Financial Services UK (VCFSUK). He takes up the reins of the business which provides wholesale funding to Volvo Cars’ UK retail network and competitive finance products for customers purchasing new and used cars. VCFSUK was established [...]
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  • New digital solution launched for CV buyers
    • 16/08/2022
    • Posted by: Alan Feldberg
    • Category: News
    Volkswagen Commercial Vehicles has launched a new online finance calculator to help buyers select the finance plan most suitable to them. The new digital tool enables private or business customers to view and compare available finance plans when buying their next van. It offers them the option to adjust deposit, [...]
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  • VWFS reveals record finance levels
    • 08/08/2022
    • Posted by: Alan Feldberg
    • Category: News
    Volkswagen Financial Services UK (VWFS) has financed a record 100,000 used cars so far this year. It activated more than 10,000 used finance cases in July alone and is now financing every other used car sold through its retailer network. These figures mean that Volkswagen Financial Services UK has seen [...]
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  • Car finance market contracts further
    • 05/08/2022
    • Posted by: Alan Feldberg
    • Category: News
    The consumer car finance market is continued to struggle through June with growing demand for used car finance failing to offset declines in demand for new car finance. According to new figures released by the Finance & Leasing Association (FLA), new business volumes fell in June 2022 by 12% compared with the [...]
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