In July the FCA confirmed that discretionary commission models will be banned from 28 January 2021, following a consultation in October 2019, and issued revised commission disclosure rules....

  LISTERS PROFIT DOWN, MOTORLINE UP LEVC TO PIGGYBACK ON VOLVO NETWORK BCA’S NEW RETAIL READY SALES CAZOO OPENS IN WALES CAR BUYERS DISMISS NEW COVID MEASURES ASE AUTOMOTIVE TAKES OVER US...

The Financial Conduct Authority’s new ruling on commission models has been released – what does it mean for retailers? Around 90% of new cars are sold on finance, so when the Financial Conduct...

Discretionary commission models will be banned by the Financial Conduct Authority from 28 January 2021. The FCA has also issued revised commission disclosure rules. The ruling follows a consultation...

Lookers is advertising for four experienced big 4 auditors who are immediately available to “complete a complex audit and accounting investigation”. The four recruits, who must be ACA qualified...

  RETAILERS REPORT FIRST WEEK REBOUND 1 IN 4 RETAIL JOBS UNDER THREAT HOW TO BRING CUSTOMERS BACK SUCCESSFULLY MORE RETAILERS CLOSE BCA BUYER APP EXTRAS GERMANY REOPENS BUT SALES DOWN 50% CARVANA...

Lookers is aiming to cut 1,500 of its 8,100-strong workforce as it enters a restructuring plan. The move comes as dealer group has experienced a host of difficulties in the past year including an...

Lookers shares are down 71% in a year, valuing the business at £97.9m, reports The Sunday Times. Debt could soon exceed the valuation: it had £65m of debt at the end of April and the cost of...

  TRADE PLATE TEST DRIVE CLARITY SOUGHT EDEN SHUTTERED ‘TO PROTECT EMPLOYMENT’ MID-MAY RETURN TO WORK? HOW TO PREPARE YOUR SHOWROOM FOR SOCIAL DISTANCING CORONAVIRUS: auto industry round-up...

The Financial Conduct Authority has confirmed details of measures designed to protect motor finance customers struggling to meet payments due to coronavirus. Measures designed to protect car finance...

PARTNER FEATURE The use of finance as a marketing tool has proved to be highly effective. Over 90% of private customers buying a new car have opted for dealer finance. While the percentage is lower,...

The FCA has issued draft temporary guidance for finance firms who have customers facing temporary payment difficulties on motor finance products. The guidance sets out the FCA’s expectation that...

The FCA has revealed it expects motor finance firms to provide a three-month payment freeze to customers who are having temporary difficulties meeting finance or leasing payments due to coronavirus....

Emphasising its role in ensuring that consumers are protected as the financial landscape changes, the FCA has set out new business priorities for the year ahead accordingly. FCA Interim chief...

  FURLOUGH TO INCLUDE COMMISSION SECURITY WARNING FOR RETAILERS KEY WORKER GARAGE-FINDER LAUNCHED CUSTOMERS STILL WANT TO BUY CORONAVIRUS: AUTO INDUSTRY ROUND-UP US RETAILERS FURLOUGH, CUT...

    AUTO RETAIL NETWORK GOING DIGITAL NOW MOTORS PROFITS UNDER PRESSURE DUE TO HYUNDAI GROWTH IMDA LAUNCHES FURLOUGH COMMISSION PETITION IMPERIAL CARS LAUNCHES ONLINE DELIVERY PLATFORM...

The Financial Conduct Authority has said it “strongly requests” all listed companies due to publish financial statements in the next few days delay their publication for at least two weeks....

    FCA URGES FINANCIAL REPORTS DELAY AUDITORS WARN OF ‘ACCOUNTING CHAOS’ INCHCAPE SUSPENDS £150m SHARE BUYBACK CORONAVIRUS: AUTO INDUSTRY ROUND-UP GET YOUR AUTO RETAIL AT HOME EU...

The Financial Conduct Authority has put its investigation and consultation into motor finance commission models on hold until at least October due to the Covid-19 outbreak. In a statement by the FCA...

With nearly two years under its belt in the UK automotive finance sector, BNP Paribas is aiming to take on the established players thanks to new systems coupled to global knowledge. “Our ambition is...