News

In their recent report on motor finance, the FCA made clear that they would be consulting with the industry on long term changes to the market - and that further scrutiny should expected. The report was also clear on the FCA’s expectation that action should be taken now to improve compliance with current requirements and ensure fair treatment of customers.

The trends noted last year, including the sizeable 30% reduction in diesel car sales and robust 21% rise in demand for alternative-fuelled vehicles (AFVs), are set to continue and maybe intensify. Read about how this might affect you and your dealership.

Electric vehicles (EVs) are beginning to make their presence known in the used car market and with new EV sales up by around 20% last year and many manufacturers now working to introduce new EV vehicles, the market is set to expand rapidly.

MotoNovo Finance has become part of the Aldermore Group, following its successful integration with the UK specialist bank. Our CEO, Mark Standish, views the integration as the latest exciting step forward for the motor finance company...

Drive magazine is your quarterly deep dive into the world of motoring – this month, our CEO discuses the FCA review and the possible impact it could have on dealerships and our feature journalist, Debbie Kirlew, takes a look into the effect of electric vehicles on the used car market.

We’ve launched the second issue of Drive magazine with even more news and industry insights to keep you ticking over. MotoNovo’s CEO, Mark Standish, talks about ‘owning the future’ and the opportunities there are for dealers in 2019 and we hear from one of our dealer partners on how MotoNovo funding will be helping them take their dealership to the next level.

Changing appetites towards risk in unsecured lending look set to continue, opening up opportunities for used car dealers.

Motor division CEO Karl Werner has called the move to offer free listings ‘a natural evolution of the service’ following its success.

Welcome to the first edition of Drive magazine, your go-to for news, insights and data to help you make the most of your dealership and your relationship with MotoNovo Finance.

MotoNovo Finance was awarded Finance Provider of the Year at the 2018 Motor Trader Awards for the multi-million pound launch of FindAndFundMyCar.com, the online classified website and finance aggregator.

Findandfundmycar.com, the online car finance aggregator website created by MotoNovo Finance, has axed dealer fees.

The rules for repairing written-off cars are changing. Recently, HPI updated their Insurance write-off Categories from A,B,C and D to A, B, S and N. Here’s all you need to know...