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The motor retail industry is being urged to have its say on a proposal from the Financial Conduct Authority to let dealerships and finance providers delay their responses to consumer complaints about motor finance commission.
The transition to electric vehicles (EVs) - driven by strategic shifts among legacy manufacturers and competition from new entrants - could lead to reduced variety in vehicle makes and models, especially if manufacturers scale back their UK presence.
The move by the Treasury to sound out how best to deal with mass compensation claims has been welcomed as a positive step although immediate certainty is critical for car loan providers, according to motor retail tech business iVendi.
Iconic British brand Morgan is expanding its presence by partnering with high-performance sports car retailer Woodcote & Copse, to open the new Morgan Silverstone dealership at the Silverstone Circuit in Northamptonshire.
The High Court has ruled against Mercedes-Benz in the ongoing 'dieselgate' legal action, rejecting the manufacturer's argument that the decision of the German regulator, Kraftfahrt-Bundesamt (KBA), should prevent related claims in the UK.
According to a new survey, 69% of consumers now consider financing directly through dealerships as their preferred option, particularly when dealers provide clear, upfront details about financing options and costs on their websites.