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The van market has been on a high with record sales for the past four years. Last year saw 375,687 vehicles registered as fleets and SMEs kicked Brexit fears into touch and took advantage of the ultra- competitive deals on offer. And behind these sales, finance has played a pivotal role. True, after these record performances the market has taken a hit in 2017 but it is still in good fettle.



Karl Werner, motor division CEO at MotoNovo, argued that the market can be split between finance for large fleets and SMEs.
"Fleet is heavily oriented towards the new and nearly-new category and thanks to the improved quality of the product often uses residual value products, most notably leasing. In large part this is linked to taxation issues and cash flow rather than the residual value issues seen in cars. Naturally, residual values lean towards the conservative.


"MotoNovo is very active in the used van market where HP remains the dominant product. This is a large and diverse market and while traditional panel vans dominate, the range, which includes Luton vans, pick-up trucks and even specialist vehicles means that our specialist underwriting skills are often called upon to review what can be unusual case. Inevitably vans will often be subject to high mileage and heavy wear and tear, it means that HP is the dominant finance product in the used sector."


The van market is not particularly fast moving, but Werner identifies some key trends worth watching...

The van market has been on a high with record sales for the past four years. While not considered a particularly fast moving industry, Karl Werner identifies some key trends worth watching...

Market Report: Van Finance

MotoNovo Finance has confirmed a multi-million pound advertising campaign features dealer's families and pets. The filming and photo shoots took place in June, and featured the sons, daughters and pet dogs of MotoNovo dealers from all over the UK.


The multi-million pound advertising campaign that will launch findandfundmycar.com in underway. 

MotoNovo confirm TV campaign

Phil Morgan, former chief finance and operating officer at GoCompare.com, has become as head of a new business at MotoNovo Finance.

He will head its dealer focused classified service  FindandFundMyCar.com, launching and developing the all-new vehicle sales website, which is described as being designed  'by dealers for dealers' to provide a fresh 'not for profit' alternative classified option, with all advertising revenue earmarked for "high profile consumer marketing".

Former GoCompare.com boss appointed to lead MotoNovo Finance's new vehicle sales website

Intelligent Environments and  Equiniti Pancredit were joint winners of the Best Use of Technology Award, at the  Car Finance Awards in June. Together, they created and developed a digital omni-channel, self-service customer solution for MotoNovo Finance.


The solution delivered an enhanced customer experience, offering flexibility and an updated approach to managing personal accounts - similar to that provided across the financial services industry. In short, it delivered what customers want and increasingly expect; convenience. 

Intelligent Environments and Equiniti Pancredit were the joint winners and together, they created and developed a digital omni-channel, self-service customer solution for MotoNovo Finance.

Engineering a self-service solution in car finance

Taking place on Thursday 30th March from 11.30 - 15:30, Great Hall, 1st Floor, Cardiff University Students' Union, Cardiff - this is a unique opportunity for students of all years including finalists and recent graduates to find out about work opportunities in the Welsh capital from different industry sectors.


This year's event is kindly sponsored by MotoNovo Finance and supported by I Loves The 'Diff.

MotoNovo reaches out to students at Cardiff University's Grad Fair.

Grads Love Cardiff Careers Fair

MotoNovo Finance has launched its self-service finance app, MotoNovo Self-Serve, allowing customers to control the financing of their vehicle via a new online app.

The new app has been rolled out following a successful trial into the showrooms of more than 500 of MotoNovo's partner dealerships and sits alongside the traditional financing process with the aim of adding transparency for customers while protecting dealer incomes.

MotoNovo Finance has launched its self-service finance app, MotoNovo Self-Serve, allowing customers to control the financing of their vehicle via a new online app.

MotoNovo launches self-serve app

MotoNovo Finance has recruited 1,700 dealers for its car website findandfundmycar.com which goes on beta testing this summer.

The aggregator site is being set up to boost finance business for dealers and fend off competition from online finance providers.

1,700 dealers have been recruited for findandfundmycar.com so far, which goes on beta testing this summer.

MotoNovo recruits dealers for car and finance website

MotoNovo Finance won the "Best Car Finance Provider" accolade at the Consumer Credit Awards 2017.


The title was awarded following 27,218 consumers casting their vote for one of 137 nominated financial service companies. 

MotoNovo Finance won the "Best Car Finance Provider" accolade at the Consumer Credit Awards 2017!

MotoNovo wins "Best Car Finance Provider" 2017

MotoNovo Finance has been recognised in the Sunday Times 100 Best Companies to Work For as the 12th best mid-sized organisation to work for in the UK.


Rapid growth in headcount and business and a multi-million investment in an all-new state-of the-art headquarters building in the heart of Cardiff's growing financial district have been major projects in the expansion of MotoNovo Finance over the last 12 months.
 
Read more at AM Online

The UK's 12th Best Company to Work For 2017

MotoNovo has completed filming for the new advertising campaign for its new online classified website and finance aggregator findandfundmycar.com.

Filming for findandfundmycar.com TV adverts has been completed.

MotoNovo completes TV ad shoot for findandfundmycar

The British Dealer News Industry Awards 2017 were held at the Chesford Grange Hotel, Kenilworth, on the evening of Sunday 15th January.

The event was attended by more than 300 invited guests and was hosted by Steve Parrish.

It was a wonderful night and a full report will appear in the February issue of BDN.
MotoNovo Finance was the winner of BDN Business Support Service of the Year.

MotoNovo Finance was the winner of BDN Business Support Service of the Year at the British Dealer News Industry Awards 2017.

MotoNovo Finance wins Support Service of the Year

MotoNovo Finance has partnered with Intelligent Environments, the international provider of innovative financial services technology, to launch an updated customer experience.

The service provides a complete digital, omnichannel, self-service solution for customers who are increasingly 'digital-first'.

Launched in early 2017, customers now having the flexibility to manage and access their information at any time, from any device.

MotoNovo launched online consumer portal, MyMotoNovo, to help customers manage their agreement.

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