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Tesco used-motor venture folds a year after launch

Tesco used-motor venture folds a year after launch

Global supermarket brand Tesco has closed its ex-fleet car sales site after just one year trading.




Car finance news

SMMT: March plate rush exceeded expectations

New car registrations in March were up 1.8% year-on-year, according to the latest SMMT statistics, exceeding forecasts for the month and led by a 7% rise in private registrations.

Record month for consumers motor finance for February 2012

Nearly two-thirds of new cars sold in February were purchased using dealer consumer finance, breaking previous records.

Citroën launches £1000 ‘reward’ offer for newly restyled C1

Only 28% of car purchases are made upfront, with an overwhelming 72% of buyers replying on finance packages.

Moneyway pilots new shortfall loan product

Prime and subprime car finance provider Moneyway is currently piloting its settlement short fall loan scheme with dealerships, providing a loan to cover the negative equity in a car finance deal.

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Analysis and comments

Fraud prevention and data protection

Fraud prevention and data protection

Gateley asset finance partner James Baird considers the latest EU fraud regulation proposals and highlights the key issues that need fine-tuning to ensure an effective pan-European fraud prevention legislative framework.

Fit for a king

Fit for a king

Roger Potgieter of Cobbetts comments on a recent court case where a repossessed Mercedes-Benz "which a head of state might order" was sold, with the two sides arguing about whether the best price was achieved.

The big question

The big question

Are women better equipped than men when buying a car and car finance? BMW Financial Services' Sophie Grimshaw says yes, while her colleagues Joe Pattinson disagrees. Read on to decide who wins the argument.


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