Martin Lewis sees ‘potential’ for doubling of motor finance claims
Motor Trader Blog
by John Kirwan
7h ago
Money expert Martin Lewis has hit the headlines again claiming that the Financial Conduct Authority (FCA) review of motor finance could see a doubling of claims. The FCA announced yesterday that it was consulting on giving finance houses more time to deal with commission complaints following a Court of Appeal ruling In Hopcraft, Johnson and ... This story continues at Martin Lewis sees ‘potential’ for doubling of motor finance claims Or just read more coverage at Motor Trader ..read more
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Younger profile of AFVs indicates market strength
Motor Trader Blog
by Jasleen Mann
7h ago
Alternatively fuelled vehicles (AFVs) traded in October were younger, carried fewer miles and were more profitable than in September, according to Dealer Auction’s EV Performance Review. There was a 10% rise in bids on EV and hybrid vehicles. The average sold price (£15,706) also rose 9.5% MoM. Dealer Auction’s marketplace director, Kieran TeeBoon, said: “As the ... This story continues at Younger profile of AFVs indicates market strength Or just read more coverage at Motor Trader ..read more
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Harwoods launches premium ‘Assured’ used car service
Motor Trader Blog
by John Kirwan
7h ago
Harwoods Group has launched a new premium used car service, Harwoods Assured, which will offer customers a range of premium brands. Harwoods Assured offers an extensive selection of trusted global brands such as Volkswagen, BMW, MINI, Nissan, and Honda and is now available at multiple locations across the South Coast, including Chichester and Coulsdon. Harwoods ... This story continues at Harwoods launches premium ‘Assured’ used car service Or just read more coverage at Motor Trader ..read more
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FCA consults on giving finance firms more time for commission complaints
Motor Trader Blog
by John Kirwan
1d ago
The Financial Conduct Authority (FCA) is looking at extending the time finance firms have to deal with motor finance commission claims. The finance watchdog is consulting to see whether to allow more time following a ruling by the Court of Appeal in October. The proposals are expected to be published within two weeks and, if ... This story continues at FCA consults on giving finance firms more time for commission complaints Or just read more coverage at Motor Trader ..read more
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Dealer groups make it into top 100 business listings
Motor Trader Blog
by John Kirwan
1d ago
Top dealer groups feature prominently in The Independent 2024 E2E Dynamic 100 List. Groups highlighted in the list include Greenhous, Stoneacre, supermarket giant Big Motoring World, Parks and Steven Eagell (pictured). Greenhous Group supplies more than 70,000 passenger and commercial vehicles each year, representing Vauxhall, Nissan, Ford, MG, Omoda, Jaecoo, Citroen, Peugeot, Fiat Professional, VW ... This story continues at Dealer groups make it into top 100 business listings Or just read more coverage at Motor Trader ..read more
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Used AFV prices fell 30% within a year, says AA Cars
Motor Trader Blog
by Jasleen Mann
1d ago
AA Cars has highlighted the decline in pricing of the most popular second-hand EVs and hybrids. On average in the last year prices have fallen by 16%. Toyota Priuses (-31%) have dropped the most in value, followed by Hyundai IONICs (-30.2%) and Nissan Leafs (-26%). James Hosking, director of AA Cars, said: “The cost of ... This story continues at Used AFV prices fell 30% within a year, says AA Cars Or just read more coverage at Motor Trader ..read more
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Suzuki GB celebrates graduation of technicians for 2024
Motor Trader Blog
by John Kirwan
1d ago
Suzuki GB recently celebrated the annual graduation of its automobile and motorcycle apprentice technicians as well as customer service advisors and aftersales parts consultants. The ceremony was held once again at The British Motor Museum at Gaydon, Warwickshire. A total of 29 individuals successfully completed the programme in 2024, marking the successful completion of their ... This story continues at Suzuki GB celebrates graduation of technicians for 2024 Or just read more coverage at Motor Trader ..read more
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Buyers prefer using finance provided by dealers
Motor Trader Blog
by Jasleen Mann
1d ago
Over two-thirds (69%) of buyers say they would consider using finance provided by dealers, according to MOTORS. The latest Consumer Insight Panel research polled the views of 2,000 car buyers. Retailers include funding options as well as costs on their websites and 71% of buyers say this would make them more likely to consider finance ... This story continues at Buyers prefer using finance provided by dealers Or just read more coverage at Motor Trader ..read more
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Alan Day acquires Hummingbird Kia
Motor Trader Blog
by Jasleen Mann
2d ago
Alan Day Motor has acquired Hummingbird Motors, a renowned Kia retailer. Located on Edgware Road, Hummingbird Kia joins Alan Day’s established network of Volkswagen, ŠKODA, BYD, and Volkswagen Commercial showrooms in London. Alan Day MD Paul Tanner said: “We are very excited and grateful to Kia for allowing us to be part of their amazing ... This story continues at Alan Day acquires Hummingbird Kia Or just read more coverage at Motor Trader ..read more
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Motor Trader Commercial Industry Awards 2025 launched today
Motor Trader Blog
by John Kirwan
2d ago
Motor Trader is delighted to announce the launch of the Motor Trader Commercial Industry Awards, which will take place at the Hilton Metropole NEC on 29 April 2025. The Motor Trader Commercial Industry Awards cater for dealers, suppliers, and service providers in the motor transport arena. The awards take place on 29 April, the evening ... This story continues at Motor Trader Commercial Industry Awards 2025 launched today Or just read more coverage at Motor Trader ..read more
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