News and insights
The latest news from Close Brothers Motor Finance and the financial world, plus helpful guides for our customers and clients.
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Drivers weigh up price and brand-loyalty when choosing new vehicles
In our latest consumer research, we've revealed the key factors in the decision-making process of drivers looking to purchase their next vehicle.
Apr 26th ● Consumer research ● 2 minute read
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Five things to think about in the countdown to consumer duty
With the FCA’s consumer duty deadline fast approaching on Monday 31 July, we’ve outlined some of the key things dealers could be thinking about to make sure they comply with the new regulations.May 24, 2023 Consumer Duty 2 minute read
Cost of living sees one in eight drivers charging family friends for a lift
Cost of living sees one in eight drivers charging family and friends for a lift, that's according to our latest the Road Ahead research. Read the full article to find out more.May 19, 2023 Road Ahead 2 minute read
2023: The Year of AFV Investment
Our Director of Product, Alex Griffin, has created a series of blogs; the first centred on 2023 being the year of AFV investment. Read the full article to find out more.Apr 14, 2023 AFVs 5 minute read
Drivers to release the handbrake on car buying: Sales to accelerate as 60% of UK adults look to purchase a car in the next year
Six in ten motorists plan to buy or lease a car within the next twelve months, according to our latest ‘The Road Ahead’ research. This number could rise as one in 13 haven’t decided yet.Apr 14, 2023 Insights 5 minute read
Charging forward: Just one in six non-electric drivers don’t think they’ll make the switch
According to our latest consumer research, More than a quarter of those driving a petrol, diesel, or hybrid vehicle say they will switch to a pure electric car in a few years once the infrastructure has improved.Apr 06, 2023 EVs 2 minute read
Cost-of-living crisis will be the toughest challenge for dealers this year
According to our latest Forecourt Foresight research, 78% of dealers say the cost-of-living crisis will be the biggest challenge this year.Mar 21, 2023 Forecourt Foresight 3 minute read
3 in 5 dealers say AFVs are more popular than petrol and diesel vehicles
According to our latest research, 3 in 5 dealers say AFVs are more popular than petrol and diesel vehicles. Read the article to find out more!Mar 15, 2023 AFVs 2 minute read
International Women’s Day 2023; why it’s important for the automotive industry to embrace equity for the future, and not just today
We recently caught up with Lisa Frankland, a valued dealer partner from Frankland Cars and Vans, to talk about International Women's Day and her thoughts on this year's theme of #EmbraceEquityMar 08, 2023 International Women's Day 5 minute read
More than a third of dealerships will struggle to survive without government support due to energy costs
According to our latest research, more than a third (38%) of dealers say that their business will struggle to survive without more government support, and 35% say their business won’t survive if energy costs remain high.Feb 22, 2023 Forecourt Foresight 2 minute read