Arnold Clark, Marshall
and Rybrook latest to pass finance competence
test.

 

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Table showing the top 10 dealer groups in the UKThree top UK
dealer groups have been awarded ‘approved’ status in the FLA’s
Specialist Automotive Finance (SAF) competence test scheme in the
past month: Arnold Clark, Marshall and Rybrook.

With Jardine Motors also
expected to be accredited by the end of July, 22 of the UK’s 30
largest dealer networks will be able to display the SAF kitemark in
showrooms.

While negotiations are
continuing to get the remaining top networks on board, Motor
Finance understands that the FLA is also seeking to get more
mid-sized retailers involved.

Currently, well over a third
of the UK’s top 100 dealers are accredited, though this figure is
expected to rise as an increasing majority of market leaders lead
the way by putting staff through the SAF examinations.

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Of the newly accredited
dealer groups, Marshall has been possibly the most enthusiastic
adopter, going from entrance to the scheme, to full accreditation
of more than 300 sales staff, in just eight weeks.

FLA SAF policy and
communications adviser Jonathan Holdcroft said: “Marshall was keen
to become SAF-approved because it saw it would give its staff an
edge in learning about regulation and the technicalities of motor
finance products.

“More than that though, it
was reassured by the support that was on offer from the FLA and the
recognition that SAF-approval is gaining among the car-buying
public.”