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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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Cautious optimism as dealers hope for stability in 2020
Exclusive findings from Close Brothers Motor Finance’s Dealer Satisfaction Survey reveal that most motor dealers (96%) are confident about business prospects in the market going into 2020, with almost six in 10 (58%) ‘very confideMay 16, 2022 Motor Finance 5 minute read
A third of dealers believe 50% of cars will be ULEV by 2030
A new survey of UK car dealers by Close Brothers Motor Finance has found that a third (34%) believe that half of cars will be ultra-low emission by 2030, meaning the Government’s ‘Road to Zero’ strategy will be successful. A quartMay 16, 2022 Motor Finance 5 minute read
Close Brothers Motor Finance gives the gift of time
Close Brothers Motor Finance employees volunteered an impressive 824 hours of their time for charity initiatives in October, the company’s volunteer month. This beat the record of 818 hours last year, which in turn far surpassed tMay 16, 2022 Motor Finance 5 minute read
Why we need to be wary of the electric car headlines
The UK now has more electric car charging points than petrol stations, according to the media. With 9,300 EV charging locations outnumbering the 8,400 fuel stations in the UK, it’s no surprise this caught the eye of the press.May 16, 2022 Motor Finance 5 minute read
4 million drivers want a diesel car next, but doubts are making them hit the brakes
While the anti-diesel rhetoric has turned a number of people away from diesel cars, an estimated 4m drivers remain convinced it is the right option for them and will be opting for diesel car next (13%), according to research fromMay 16, 2022 Motor Finance 5 minute read
Dealer pressure pushing female customers away, suggests research
Today, there are more women that own cars in the UK than ever before, they represent more than half of UK license holders, and influence a massive 80% of global car purchases.May 16, 2022 Motor Finance 5 minute read
Drivers looking further and wider for their perfect car, but dealers remain key according to the latest Britain Under the Bonnet report
The start of the car sales journey now involves several online sources, with an increasing proportion of car buyers carrying out detailed research on prices, specification and models, according to research from the new Britain UndMay 16, 2022 Motor Finance 5 minute read
Generation rent drive the rise in car finance according to the latest Britain Under the Bonnet report
Paying upfront for a car is increasingly falling out of favour with UK drivers according to research from the new Britain Under the Bonnet report from Close Brothers Motor Finance. In the past year, the proportion of drivers sayinMay 16, 2022 Motor Finance 5 minute read
12m drivers considering an electric car as their next purchase according to the latest Britain Under the Bonnet report
Two in five drivers (39%) are considering an electric vehicle as their next purchase, an increase of 7.5m drivers in the past two years, according to the new Britain Under the Bonnet report from Close Brothers Motor Finance. WhileMay 16, 2022 Motor Finance 5 minute read