News
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…
Payment Assist welcomes FCA changes to BNPL rules
The Financial Conduct Authority (FCA) confirmed last month that new rules governing Buy Now, Pay Later (BNPL) will come into force on 15 July 2026. The move, which sees deferred payment credit officially brought under FCA regulations, will provide customers with…
Volkswagen expands Transporter line-up with Commerce Pro S
Volkswagen Commercial Vehicles has expanded new Transporter line-up with the Commerce Pro S trim. Available in both Panel van and Kombi, prices start at £43,050 pllus VAT or £509 per month3 on a Solutions Personal Contract Plan. The new Transporter…
Service advisor at TMS Volvo retires
Suki Kandola has recently retired from TMS Motor Group Volvo Cars Coventry, where she served as a valued Service Advisor. Kandola began her career with Volvo at Volvo Warwick in 1980 as a Parts Advisor. After five years in the…
Steve Young Blog: The second largest purchase in your life?
I’ve been struck a few times recently by the inclusion from industry executives, consultants and journalists in presentations, blogs and media interviews of the oft-quoted ‘fact’ that buying a new car is the second largest transaction in your life. It…