News - 2020

In your urgency to provide extensive vehicle images and 360-degree views of your used car stock as well as sparkling video content and the latest digital tools on your website, don’t overlook the humble ‘About Us’ page.

It’s becoming much easier for dealers to predict the future appeal of EVs on their used forecourts and remaining unplugged from EVs might not be an option. The challenge for dealers is to carefully and gradually increase supply to meet rising demand from buyers looking for value for money. Here’s why…

Finance sales from dealers switching to MotoRate have increased by over 70 per cent YoY consistently over recent months. Deputy CEO, Karl Werner, explores the used car finance and the impact of MotoRate in this latest release...

While we may have put the brakes on large purchase decisions during the lockdown, it’s clear that now the showrooms are open, customers are feeling a bit more confident about looking for their next car again. Industry expert, Tom Seymour, dives into consumer behaviour during Covid...

With local lockdowns increasing around the UK, the Government have announced increased measures to support businesses over the winter months, including an extension to CBILS.

Since dealerships reopened their doors, demand for used cars has sky rocketed. From revenge buyers to those wanting to avoid public transport, dealers will need to stay on top of their stock to keep up with this pent-up demand...

Reflecting upon the changes ahead stated in the FCA Policy Statement, Deputy CEO Karl Werner is clear that lenders and dealers have a duty to protect car buyers and the broader dealer finance industry...

The FCA announced its ban on all discretionary commission models that will come into play from January 28th, but it's not the only change that the FCA announcement will create. Industry expert, Debbie Kirlew explains...

Throughout the pandemic, online platforms have been a lifeline for dealers to continue communicating with customers. Industry expert, Debbie Kirlew sums up how this digital transformation in automotive retail has been a long time coming…

On June 24th, we launched the first risk-based pricing model, MotoRate following a successful pilot of over 200 dealers. By August 12th, 1000 dealers had already switched to MotoRate. CEO, Mark Standish shares his delight on the impact it's having...

The British Business Bank has confirmed that applications for the Coronavirus Business Interruption Loan Scheme will close on September 30th. Head of Commercial Finance, Luke Curtis urges dealers to review how CBILS can help benefit their businesses.

Lockdown has changed a lot, including people's car buying habits. Older used cars are more desirable now than they've ever been as more people are favouring their own set of wheels over public transport. Industry expert, Curtis Hutchinson explains...