NEWS
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Car finance market contracts for new vehicles
The consumer used car finance market reported new business up 10% by value, but 3% lower by volume in June compared with the same month in 2021. In the first half of 2022, new business volumes in this market were 12% higher than in the same period in 2021.
Fleets get greater control over where vehicles are serviced with new...
The rules engine is an addition to the company’s Driver Booking Module which can be used to steer company vehicles towards SMR providers that are most suited to their needs in terms of expertise, convenience and costs.
LEASING & FINANCE
Car finance market contracts for new vehicles
The consumer used car finance market reported new business up 10% by value, but 3% lower by volume in June compared with the same month in 2021. In the first half of 2022, new business volumes in this market were 12% higher than in the same period in 2021.
APD launches new high-tech software to drive dealership profitability
ProfitPlanner+ is designed help dealer networks become more efficient and support profitably as the cost of living crisis, fuel prices and rising interest rates start to dampen the market while the introduction of agency models may further impact dealer’s sales volume or supply of used stock as seen in some early adopter markets.
AFTERMARKET & WORKSHOP
Rapid growth for fleet service network
Fleet managers are freed up to focus on more strategic activities as drivers can locate the most convenient service provider in their area. AI is used to prioritise providers with the appropriate capabilities and cost profile. Technology enables drivers to serve their needs in real-time and improve compliance procedures by creating a digital record of all interactions.
Fleets get greater control over where vehicles are serviced with new...
The rules engine is an addition to the company’s Driver Booking Module which can be used to steer company vehicles towards SMR providers that are most suited to their needs in terms of expertise, convenience and costs.
DEALER INSIGHTS
Cox Automotive’s revised new car forecast reflects the market’s resilience
In the sixth instalment of its quarterly insight roundup, AutoFocus, Cox Automotive sets out upside, baseline, and downside scenarios to predict the best, middle, and worst-case outcomes for the new vehicle market based on currently available data.
Open banking to become “dominant” form of payment in car retailing...
Open banking enables customers to pay directly from their personal bank accounts to a dealer’s account, using their banking app rather than relying on debit or credit cards provided by a third-party. Despite open banking being relatively new it is experiencing exponential growth in the UK with 4.5 million regular users across all retail sectors
JOBS
iVendi creates new vice president positions as expansion continues
changes had been made in order to strengthen the company’s leadership team and enhance service across all areas of the business. Its expansion targets, announced towards the end of 2021 are ambitious and the new promotions will help to reach its goals.
Auliar returns to Nissan GB as Sales Director
Auliar, who has worked for Nissan since 1998, returns to NMGB after seven years in Europe including, most recently, as Sales Director for Nissan Nordic Europe.
