All articles by MF Editorial
MF Editorial
WhizzGone as car club bought by rival
Car club WhizzGo has been bought by City Car Club for an undisclosed, six-figure sum The move will create the UKs largest network of pay-as-you-go cars, with 500 vehicles in 15 cities.
Customer acceptance of online car sales growing
Online car sales site Autoquake has found that consumers are increasingly willing to buy cars online – without first inspecting them in person.
Welcome FS shuts 30 offices
A reorganisation at Welcome Financial Services will see 30 branches of the subprime lender closed, with around 500 job losses.
Motor Finance Round Table: Consolidation
Question to Graham Llewellyn-BerryJames Snow: Target does all the loan processing for Picture Finance, Blue Motor Finance, and Park Asset Finance; its customer proposition means that if you want to start a finance house, all you need is the funding and the route to market, as Target can provide an overflow capacity
Motor Finance Round Table: Scrappage
Question to Steve Gowler: Steve, has scrappage had an appreciable impact on new contracts at RCI Banque, as there is some evidence to suggest that scrappage customers are simply paying for new cars out of savings, or through adding to their mortgages; new car sales have risen, but have finance volumes risen in step with that
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Motor Finance Round Table: Subprime lending
Question to Chris Sutton: Chris, has the rate for risk concept proved its worth in the current market conditions Chris Sutton: Its impossible to say whether rate for risk is working at any given time you have to look at a portfolios performance across an entire credit cycle
Motor Finance Round Table: Liquidity
What are your predictions around future interest rate movements, and what effect will they have on dealers, and the rates offered to finance customers Doug Moody: The crunch has made all of us captive or not take a look at the way we lend money: where were lending it, how were lending it, and what sort of return we expect at the end of it.
Motor Finance Round Table: Customer retention
Question to Jim Rowley: Jim, how should the motor finance industry approach retaining existing customers and attracting new ones
Lombard Vehicle Management cuts broker ties
Lombard Vehicle Management has stopped transacting new business through brokers and intermediaries, the RBS-owned fleet management and leasing company announced.
Reduction in motor finance fraud
The Finance & Leasing Association (FLA)’s motor finance members have reported that nearly 2,500 cases of attempted motor finance fraud were detected and prevented in Q2 2009, cutting fraud of this kind by 29 percent compared with the same period in 2008.