-
The Financial Conduct Authority Hits Motor Trade
- February 20, 2020
- Posted by: John Swift
- Category: Automotive Industry
No CommentsThe motor trade has again been warned to tighten up its act after the Financial Conduct Authority stepped in at two businesses this week, fining one more than £2.75 million for events several years ago and ordering another to take down online adverts. Finance house Moneybarn, which mainly lends to sub-prime borrowers, was the first
-
Dealers need wider range of finance options
- February 4, 2020
- Posted by: John Swift
- Category: Automotive Industry
Dealers should be pushing for their lending panel to include a wide range of options as the traditional binary prime/sub-prime model offered by more than half of them no longer fits buyers’ credit profiles. One lender, Startline Motor Finance, says the market needs more sophisticated options and a much wider range of them to suit
-
Used Car Dealers See Growth In Business Sales
- December 20, 2019
- Posted by: John Swift
- Category: Automotive Industry
Used car retailers sold more units to businesses on finance in the year to October with a 3% sector gain exactly mirroring the percentage drop in orders for brand new vehicles paid for through a point-of-sale funding package. New figures released by the Finance & Leasing Association (FLA) show that although there has been a
-
Is The Rise Of The Used Car Market Down To The Madness Of New Car Pricing?
- October 17, 2019
- Posted by: Josh Locke
- Category: Automotive Industry
Quality used cars are hot property right now. With a range of stylish SUVs and reliable hatchbacks falling into the used car market for flexible and affordable prices, are new cars being exposed as nothing short of extortionate? Hear me out. A new Ford Fiesta will set you back a minimum of £15,995, that’s without
-
Business Car Sales Drive Used Sector Finance Growth
- September 16, 2019
- Posted by: Josh Locke
- Category: Automotive Industry
Point-of-sale financing for used car sales to businesses fuelled a dramatic increase in the total sector with the second-hand market comfortably accelerating ahead of the new car sector. The latest data from the Finance & Leasing Association show the POS consumer used car finance market reported new business in July up eight per cent by
-
ClickDMS Provides Comprehensive FCA Gabriel and VAT Reports To Save You Time
- August 28, 2019
- Posted by: Josh Locke
- Category: Automotive Industry, News, Products
Here at Click Dealer, we understand that writing reports and bookkeeping can be incredibly time-consuming. If you’re a small business, this probably means you’re missing out on time that you could be using to run your dealership more effectively. As a performance partner to over 1,400 independent dealers, we developed our DMS system to help
-
FCA Probe Into Motor Trade Finance Models Not Over Yet
- August 27, 2019
- Posted by: John Swift
- Category: Automotive Industry
Dealers who provide finance for buyers are being reminded that the Financial Conduct Authority hasn’t turned its back on the motor trade. Every business in the used car sector needs to realise that it could be mystery shopped at any time and should be able to prove that its systems are robust, accurate and legal.
-
Should Dealers Be Looking For Three-year-old Ex-PCP Stock?
- August 16, 2019
- Posted by: John Swift
- Category: Automotive Industry
Dealers might be thinking of modernising their stock to reflect the boom in three-year-old models coming back from their PCP packages from the record year of 2016, analysts have said. Car sales portal, CarGurus, has said there will be a renewed focus on 36-month old cars returning to the trade now at the end of
-
How Has The Automotive Industry Changed in 2017?
- October 18, 2017
- Posted by: Kari Jones
- Category: News, Tips For Dealers
So far, 2017 has seen the automotive industry continue to evolve at a frightening pace with the shift to online selling of vehicles becoming ever more prevalent, buying vehicles on finance is now an even more popular method than ever and aftersales are becoming an even trickier business for smaller dealers…
Contact us today to discuss our bespoke core website and dealer management system packages with one of our friendly Clickers!
REQUEST A CALL BACK.
Would you like to speak to one of our advisers over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.