News
Busiest February for new cars in 22 years, says SMMT
The UK new car market rose by 7.2% in February to 90,100 registrations, according to the Society of Motor Manufacturers and Traders (SMMT), bringing the highest February volume in 22 years. The month is conventionally lower volume, with many buyers…
BLOG Where Now for Motor Finance?
A white paper suggesting new directions for motor finance following 2025’s Supreme Court decision and the Financial Conduct Authority’s (FCA) current redress scheme is being launched this week by iVendi. Titled “Where Now for Motor Finance?”, it examines how dealers…
Geely apoints Andrew Stuart as UK sales director
Geely Auto UK has appointed Andrew Stuart as sales director, following the launch of the electric Geely EX5 last October and the PHEV Starray EM-i last month. Stuart brings over 25 years of valuable experience in the automotive industry having…
Stratstone first to showcase Jaguar Type 00
Stratstone became the first showroom globally to host the Jaguar Type 00, at an exclusive event earlier last month. Jaguar Wolverhampton welcomed the concept car to its store, to be viewed by an intimate VIP audience of 40 guests. Paul…
FCA considers implementation period for motor finance redress scheme
The Financial Conduct Authority has streamline the motor finance redress scheme, so millions get compensation in 2026. It said the motor finance compensation scheme will now include an implementation period for finance firms. It is currently considering over 1,000 responses…
Prices rise for older used cars in Feb, says Motors
Used car prices remained stable in February, as days to sell improved and dealer stock levels reduced, according to the latest MOTORS & Cazoo Market View. The average price of used cars sold by dealers was £17,710, down just 0.4%…
NFDA welcomes FCA ‘flexibility’ on timescales for motor finance redress
The National Franchised Dealers Association (NFDA) has welcomed the move by the FCA to allow more flexibility in the motor finance redress scheme. Sue Robinson, chief executive of the NFDA asid the approach was constructive. “The NFDA welcomes today’s update…