False applications account for third of motor finance fraud

False finance applications accounted for almost a third of motor finance fraud over the past 12 months.

Finance & Leasing Association (FLA) figures for the second quarter of 2011 show that fraudsters giving false information on their applications to secure car finance are most likely to lie about their employment circumstances…

New cars sales dip 3.5% in July

New car sales fell by 3.5 per cent in July, the thirteenth consecutive month of decline, according to figures published by the SMMT.

Toyota launches social media network

Toyota customers will be able to communicate with Toyota dealerships through a new social networking site.

Toyota Motor Corporation has linked with Salesforce.com to form Toyota Friend, a private social network for Toyota customers.

GM Europe turns in losses of £1.1bn

General Motors Europe (GME) turned in losses of $1.8bn (£1.1bn) in 2010.

In the fourth quarter GME had a loss before interest and taxes of $600m, an improvement on the loss of $800m in the same quarter a year ago.

LCV sales volumes surge at auction

LCV sales volumes rose 50 per cent in January compared to a month earlier as buyers returned in droves to auction houses.

The average value of an LCV sold at BCA in January also increased, up 3.8 per cent or £155 to £4,222…

Toyota to replace water pump on 15,500 Prius models

Toyota is replacing the hybrid electric water pump on 15,500 Prius vehicles in the UK.

Motor Trader World Cup Predictor – The Final Leaderboard

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The World Cup is over! Seems like only yesterday that Spain lost to Switzerland, France and Italy failed to even get past the group stage and England battled to an impressive draw against the mighty Algerians…

Scrappage scheme goes live today

hyundai_scrappage_smallThe government’s scrappage scheme, which goes live today, fell short of what the industry requested during its intense lobbying process earlier this year.

Bodyshops see fall off in business

bodyshop_mini_smallVolumes of work going through bodyshops have dropped for the third year in a row.

New car finance business hit in March

car sales smallConsumers increasingly turned to the used car market in March , buying their car on finance, according to figures released by the Finance and Leasing Association (FLA).