Motor Finance

2 weeks ago | motorfinanceonline.com | Stu Robarts

The global supply chains assembled and organised to optimise profit and speed for over two decades were flipped upside-down by the Covid-19 pandemic and are now a thing of the past, according to a new report. GlobalData’s Demographic Trends Impacting Supply Chains report states that, even with impacts from the pandemic subsiding, supply chain disruptions are continuing to become more frequent and complex. It adds that disruption since the onset of the pandemic in 2020 has been unprecedented.

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.

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.

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.

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.