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1 month ago | 
motorfinanceonline.com | Kuldeep Jha
Hyundai UK has partnered with automotive data solutions provider Loop to enhance the performance of its retailer network through data-driven insights. The partnership will focus on improving productivity and profitability, as well as ensuring consistency across Hyundai’s UK retailers by using advanced data analytics. Loop will provide Hyundai with its ‘Balanced Scorecard’ solution, designed to track 30 key performance indicators (KPIs) across the 148 retailers in the UK.
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1 month ago | 
motorfinanceonline.com | Kuldeep Jha
Autofinity has revealed that UK dealer groups could save more than £1m ($1.2m) each year by automating their used car online merchandising processes. This finding comes after an extensive analysis conducted with several dealer groups across the UK, focusing on the costs associated with marketing used vehicles online. Led by Autofinity chief solutions officer Chris Banks, the study assessed the numerous tasks involved in vehicle merchandising.
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1 month ago | 
motorfinanceonline.com | Kuldeep Jha
AkzoNobel’s Vehicle Refinishes has partnered with Banco Bilbao Vizcaya Argentaria (BBVA) to offer financial products for sustainable bodyshop operations in Spain. The companies intend to provide customised financial solutions to foster sustainable practices within bodyshops. AkzoNobel expects this collaboration to specifically benefit its Sustainable Repair Network partners in Spain, enabling them to invest in green technologies and improve their environmental footprint.
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1 month ago | 
motorfinanceonline.com | Kuldeep Jha
The UK automotive industry is engaging in global collaborations to stay competitive and address shared challenges, particularly in innovation and decarbonisation, said Society of Motor Manufacturers and Traders (SMMT) CEO Mike Hawes. SMMT recently discussed sectoral cooperation with the European Automobile Manufacturers’ Association (ACEA) and other stakeholders, despite the UK’s departure from the EU.
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1 month ago | 
motorfinanceonline.com | Kuldeep Jha
A new report from Vauxhall, a part of Stellantis, has revealed the need for enhanced public charging infrastructure to facilitate UK businesses in transitioning to electric vans. The ‘Electric Van Adoption Report’ draws attention to the challenges fleet operators face due to insufficient on-street charging facilities, impeding the practical adoption of electric vehicles (EVs) within their fleets.
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1 month ago | 
motorfinanceonline.com | Kuldeep Jha
The UK witnessed a 1% decline in new car registrations in February 2025 compared to the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT). While the country registered a total of 84,054 new units, the demand for EV surged, with battery-electric vehicle (BEV) registrations soaring by 41.7% to 21,244 units. This growth resulted in BEVs capturing a 25.3% market share, a rise from 17.7% in the same period last year.
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2 months ago | 
motorfinanceonline.com | Kuldeep Jha
Mobility solutions provider Leasys UK has named Shane Coomber as its new managing director. Effective from 1 February 2025, she will step into the new role after serving as Leasys UK’s marketing director. With 30 years of experience within the Stellantis Group, Coomber started her career in operational roles before advancing into management positions in underwriting and dealer services. She later took on leadership responsibilities for the UK retailer customer services team.
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2 months ago | 
motorfinanceonline.com | Kuldeep Jha
A recent assessment of used vehicle values has shown that electric vehicles (EVs) have experienced the largest depreciation in January 2025 compared to other fuel types. EVs have seen the largest drop in value at the three-year mark this month, with a decline of 1.1%, equating to an approximate £240 reduction, as per the latest data from Cap HPI. Meanwhile, diesel vehicles registered a rise of 0.2%, which equates to an additional £40 in value.
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2 months ago | 
motorfinanceonline.com | Kuldeep Jha
The motor finance sector witnessed varied trends in EU commercial vehicle registrations in 2024, according to data from the European Automobile Manufacturers’ Association (Acea). New van sales experienced an 8.3% upsurge, reaching 1,586,688 units, with all four key markets showing positive results. Conversely, new truck registrations saw a 6.3% decline, totalling 327,896 units, with a significant drop in heavy-truck sales. Meanwhile, bus sales rose by 9.2%, with a total of 35,579 units sold.
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Jan 28, 2025 | 
motorfinanceonline.com | Kuldeep Jha
Around two-thirds of dealers (62%) anticipate an improved economy to be the most significant factor in increasing used car sales in 2025, reveals January’s Startline Used Car Tracker. The research also finds half of the dealers welcoming direct government support for buyers of used electric vehicles (EVs). According to the study, 48% of dealers are looking for an increase in consumer confidence to drive sales.
