All articles by Lorenzo Migliorato
Lorenzo Migliorato
Moody’s: Non-captives to be biggest winners from open banking
Non-captive car finance lenders are among the parties that will benefit the most from access to borrowers’ data under open banking, analysts at Moody’s have said in a note.
Moneyway parent says strong Q1 lending, mulls capital raise
SME lending at Secure Trust Bank saw strong growth in the first four months of 2018, the bank has said, as it mulls a capital raise.
Volvo ditches diesel engine for new models, bets on petrol hybrids
Volvo Cars has said it will not include a diesel engine option on its upcoming S60 saloon, as it bets on petrol hybrids for the transition to electric.
Cap hpi: Cars increasingly sold with outstanding finance
The number of cars sold with finance still owed on them rose to one in three in the first four months of 2018, up from one in four during 2017, vehicle history database HPI has said.
Santander Consumer Finance renews contract insurance deal
Santander Consumer Finance has renewed a partnership with The Warranty Group to provide customers with insurance on vehicle financing contracts.
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Groupe PSA to sell ex-employee cars through retail
Groupe PSA has rolled out a programme in the UK to remarket cars formerly used by its employees to retail buyers, following a pilot last year.
FLA: Retail car finance business down 5% in March
Retail car finance business in March fell 5% year-on-year to £4.8bn (€5.4bn), figures from the Finance and Leasing Association (FLA) have shown.
Moneybarn volumes up 10% as it sheds higher-risk business
Moneybarn has reported a 10% year-on-year growth in business volumes for the four months to April, as it looks to shed higher-risk business.
Close Brothers survey: Brexit making car buyers cautious
Just under a quarter of recent car buyers used finance for their purchase, a rate that will remain stable for the near future, according to a Close Brothers Motor Finance survey.
Sixt Leasing refinances through €250m bond
Sixt Leasing, the fleet and retail arm of car hire group Sixt, has issued a €250m (£219m) bond.