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AFP reports rise in safety issues with daily rental vehicles offered to fleets 

The organisation has received reports about hire cars and vans being delivered in unacceptable mechanical conditions.

Shawbrook to acquire motor finance lender JBR Auto Holdings  

JBR’s acquisition is expected to help Shawbrook in expanding its offerings within the regulated motor finance industry.

Stellantis & You, Sales and Services appoints new CEO for UK market 

Richard Garbutt will replace Angela Shepherd, who has decided to leave the company for a new opportunity.

Over three-quarters of car buyers still prioritise showroom visits in purchasing process

The study commissioned by Omoda revealed that 43% of UK car buyers prioritise sales staff with in-depth knowledge, particularly when considering EVs.

Wholesale used-vehicle prices slump in May 2024

Without the seasonal adjustments, May’s prices fell 1.2% from April, with a year-over-year unadjusted average price reduction of 11.4%.

UK consumers show preference for car subscription services over buying and leasing

Car subscription models allow drivers to pay lower upfront fees and opt for shorter-term commitments.

UK records 1.7% rise in new car registrations in May 2024  

With 147,678 units registered, May is the 22nd consecutive month of growth and the best May market outcome since 2021: SMMT

Evolution Funding integrates solution with Automotive Compliance’s platform  

The alliance aims to provide a unified system to dealerships for streamlining customer experiences, adhering to consumer duty obligations.

Carmoola to offer its car finance products on Zuto’s marketplace 

Zuto’s marketplace offers platform to provide prompt finance decisions and clear information on approval status and APRs.

European Union new car sales surge nearly 14% in April 2024

Battery-electric car registrations climbed 15%, maintaining a market share of around 12%.