All articles by Richard Irvine-Brown

Richard Irvine-Brown

EU new car sales down to 1993 levels in May

Registrations of new cars in the EU in May fell by 5.9% year-on-year to 1,042,742 units, the lowest figure for the month since 1993, according to the European Automobile Manufacturers’ Association.

CAP launches ‘radical’ revamp of RV forecasting

Vehicle valuation firm CAP has announced a ‘radical transformation’ of its car residual value forecasting service, rebranding CAP Monitor as CAP Gold Book.

Oracle Range Rover success post-ING pullout

Prestige motor financer Oracle Finance has reported a “notable growth” in demand for its Range Rover finance package, eight months after the withdrawal of high-end vehicle funder ING Lease.

OFT suspends DFL credit licence

The Office of Fair Trading has suspended the consumer credit licence of Donegal Finance Limited with immediate effect, the first time it has used its power to suspend a credit licence.

Current thinking

Richard Brown runs a voltmeter over the electric vehicle finance market with British Gas, Car Loan 4U, Hitachi Capital and RCI FS.

Alfa aim to gain consumers in ‘ownership cycle’

Alfa Romeo has said its week-long promotion of an additional deposit contribution on the MiTo and Giulietta was “well received”.

BCA to begin buyer stock funding

Vehicle remarketing and auction firm British Car Auctions is to a launch a buyer stock finance business in July.

Biggest brands drop market share

New car registrations in May witnessed a shift in market share, as some of the biggest-selling brands of the past few years failed to grow sales, year-on-year, at the same pace as the total market.

PPI complaints up 140%, now make three-quarters of FOS cases

The Financial Ombudsman Service handled 378,699 complaints regarding payment protection insurance in the year to the end of March 2013, a year-on-year rise of 140%.

C-charge not helping journey times – Car Loan 4U

A survey of 2,000 motorists by car finance broker website carloan4u.co.uk has revealed that 94% of motorists do not believe the congestion charge has helped cut their journey time.