All articles by Lorenzo Migliorato
Lorenzo Migliorato
Cap hpi: Used values stay resilient in May
Demand for used cars remained strong in May with a 1.3% drop in values at the three-year, 60,000-mile point, according to cap hpi’s Black Book Live database.
Secure Trust Bank overhauls motor finance team
Secure Trust Bank (STB) has overhauled its motor finance leadership team as the bank looks to move business towards lower-risk segments.
Moody’s: Car finance ABS shielded from base rate rise
A base rate rise on part of the ECB or the BoE would not have a visible impact on car finance-backed and most other asset-backed securities, Moody’s has said.
Volvo and Amazon pilot doorstep test-drives
Volvo Cars and Amazon will pilot a service bringing test-drives for Volvo’s V40 directly to customer’s doorstep, for a limited time in four UK cities.
Auto Trader to launch direct-to-dealer de-fleeting service
Auto Trader will launch an online service later this year allowing fleet companies to sell de-fleeted vehicles directly to dealers, bypassing auction houses.
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Startline appoints head of business intelligence
Startline Motor Finance has appointed a head of business intelligence, overseeing a range of information relating to lending performance.
Santander signs partnership with McLaren Financial Services
Santander Consumer Finance (SCF) has become the UK financial partner for McLaren Financial Services, following the end of the carmaker’s previous white label agreement.
MPs criticise Motability Operations’ monopoly
Parliament’s Treasury and Work and Pensions Select Committees have called reserves held by disability-fitted vehicle lessor Motability Operations disproportionate compared to the minimal business risk it faces as a monopoly suppliers.
iVendi survey finds mixed attitudes to online retail and finance
Only half of prospective car buyers would choose to buy or finance their vehicle entirely online if the offered the opportunity, a survey from iVendi has found.
Advantage receivables grow 23% from 2017 amid tighter underwriting
Receivables in Advantange, the non-prime car finance arm of S&U Financial, have grown 22.8% on 2017, to £258m, as the lender tightens underwriting on its applications.