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FindAndFundMyCar gears up for January launch

MotoNovo is pushing ahead with plans for its new FindAndFundMyCar website, which is due for launch in January 2018. Heading up the operation is Philip Morgan, a specialist in business to consumer website campaigns who was previously chief finance and operating officer at GoCompare, the insurance price comparison site. Morgan joined GoCompare initially as head of finance and risk and ...

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Market Report: Used car wholesale funding

Auction houses are using their finance subsidiaries to help more dealers buy more vehicles at auction. The two leading remarketing companies in the UK are Cox Automotive and BCA Marketplace which compete head to head. Finance is a growing sector for both. Cox Automotive has its NextGear Capital wholesale funding arm and BCA Marketplace its BCA Partner Finance business. BCA ...

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Market Report: September 2016 new car registrations

New car registrations fell -9.3% during the September plate-change to 426,170 units. This marked the sixth consecutive monthly fall and was the first time the all-important September market dropped since 2011, according to the SMMT. Year to date registrations were down -3.9% from 2,150,495 to 2,066,411 units as the levelling-off gathers pace. Retail registrations fell -8.8% in September to 223,777 ...

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Motor Trader Used Cars Special Report 2017

It’s been a great time in used car sales. At the retail end the big dealer groups, including Pendragon, Inchcape, Lookers, Vertu and Marshall – have reported excellent used car sales with profits on the rise. The large dealer groups’ used car operations are benefiting from their scale and spending power. They have made big investments in their websites and ...

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Car Finance Report: Used Car Values

Last month the Bank of England’s Prudential Regulation Authority told banks and carmaker finance arms to stress-test their businesses and ask what would happen if the value of used cars on PCPs fell by 30%. It wants to know that they are lending conservatively amid fears that some of the Guaranteed Minimum Future Values that underpin PCPs are too optimistic. ...

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