All articles by Richard Irvine-Brown
Richard Irvine-Brown
DataBank: SMMT motor industry statistics, April 2013
Motor industry statistics for April 2013 from the Society of Motor Manufacturers and Traders.
ACF opens third south-east showroom as London subprime grows
ACF Car Finance, the used car dealership network of non-prime lender The Funding Corporation, has opened its third retail outlet in south-east England as subprime applications rise in London and the surrounding area, and confirmed plans to open further UK dealerships in the next 18 months.
US major lenders growth as sales rise
Just as in the UK, US new vehicle registrations have rocketed at the start of 2013, passing five million sales by the end of April, a rise of 7.2% year-on-year, and 18.9% compared to the same period of 2011.
Santander plans bike finance penetration rise
Santander Consumer Finance, the motor finance operation of the Spanish bank, has said it will not concentrate on rates and terms to make the most of its penetration into motorcycle finance.
Stoneacre sustainable growth aim for finance
Steve Reynolds, group F&I manager at 29-site dealer group Stoneacre, has said the group has committed to its expansion into finance provision with the aim of sustainable growth.
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Dealer confidence continues decline CAP
Vehicle valuation firm CAP has said new-car finance deals are responsible for the continued problem of a lack of retail-quality stock available to independent, used dealers.
Funding Corporation names employee of the year
Independent subprime lender The Funding Corporation has named Neil OMay employee of the year for his work in refitting the companys headquarters.
Subaru crossover offers through Black Horse
Following last weeks finance offer from SsangYong on the Korando, Subaru UK has announced a pair of incentives on its XV crossover model.
Autorola to remarket Volvo
Autorola has signed an agreement with Volvo Car UK to remarket the marques used cars online.
SsangYong launches £199/month PCP
SsangYong has made its SUV-crossover Korando model available on a three-year PCP package.