All articles by Mike Cobb
Mike Cobb
Consumer protection may inflate used prices
Financial Conduct Authority protections for used car buyers may ultimately lead to more expensive cars iVendi the automotive technology supplier has warned.
Update – Moneybarn taken over
Moneybarn the subprime lender has been acquired by Provident Financial Group in a deal worth £120m in cash to shareholders
Update – FCA proposes changes to GAP insurance sales
GAP insurance products have come under specific criticism from the Financial Conduct Authority in its initial report on the general insurance add-ons market in the UK.
Lotus hires for European expansion
Lotus the UK sports car maker has announced the appointment of a new member of its Commercial Cars team to help develop its presence in France and Southern Europe.
Finance director joins Pancredit
Pancredit, the loan services platform provider has added to its management team by appointing a finance director following its takeover by the Equiniti Group.
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Used car prices to stabilise – CAP
Used car trade prices are expected to take a turn towards more stability by October according to forecasting service CAP Black Book Plus.
Manheim invests in Brazil
US based global remarketing group Manheim has taken a majority share in Brazilian company CarBizz, according to a statement from the company, marking the first time the remarketer has entered into this important territory.
Finance steams ahead of registrations for second month
The growth in UK car finance outstripped that of new car registrations once more in June, as the number of new vehicles financed grew 9% year-on-year to a total of 72,726 cars, according to the latest figures from the Finance & Leasing Association (FLA). In comparison total new car registrations increased 6.2% in the same period
US government looks into subprime markets after fears for investors
US federal prosecutors have begun a civil investigation into the subprime car finance markets with a focus on the packaging and selling of some of these loans in the secondary markets according to an article in The New York Times.
Mazda Contract Hire anticipates record year
Mazda Contract Hire, the business finance offering of the Japanese car maker, has almost doubled registrations in the first three months of its financial year according to a statement from Mazda Motors UK