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Fri, May, 11 2012
With a slew of new dealerships and ambitions to increase new sales tenfold in 2012, SsangYong Motor UK chief executive Paul Williams is aiming high at a time when manufacturers are still dealing with a credit crisis hangover.
Only 28% of car purchases are made upfront, with an overwhelming 72% of buyers relying on finance, according to research by Alphera Financial, the motor finance division of BMW Group Financial Services.
Good deals meant that 64.5% of private consumers buying a new car used dealer finance in the tear to February 2012, a record figure.
Thu, May, 10 2012
Car finance provided to private consumers by members of the Finance & Leasing Association was up 22% in March, and 20% in Q1, year-on-year.
Thu, May, 3 2012
First quarter pre-tax profit at BMW Financial Services grew marginally year-on-year but dropped as a proportion of the automotive manufacturer’s group profit.
Wed, May, 2 2012
Data released by Sainsbury’s Bank claims to reveal that 8.3m people in the UK intend to buy a car between March and August this year, which it says is up 17% on a year ago. Of these, 3.6m intend to buy a new car, with 4.7m opting for a used car.
Tue, May, 1 2012
Suzuki has extended its low-rate finance package, including deposits starting at £1, offered earlier this year through Close Finance on all models above 126cc from 1 May.
Mon, Apr, 30 2012
Finance provided in the first quarter of 2012 by RCI Financial Services, the UK subsidiary of RCI Banque, was up 12% compared to the same period of 2011.
Fri, Apr, 27 2012
Results for Ally Financial, parent of finance provider GMAC UK, show a first-quarter profit increase from international car finance while North American car finance has stuttered.
Thu, Apr, 26 2012
Motor finance provider The Funding Corporation has agreed to pay its employees for time off work if it is spent helping BEN, the auto industry’s national charity or other local good causes.