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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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Close Brothers Motor Finance partners with fintech Zuto to digitise customer outreach
We've partnered with Zuto to enhance products and digitise the customer journey.
May 2nd ● News ● 5 minute read
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Reluctance to use public transport sees move towards motor
The pandemic has prompted a spike in commuters opting to drive to work instead of using public transport, according to new study from Close Brothers Motor Finance. Well over a third (37%) of UK adults confirmed their preferred metMay 18, 2022 Motor Finance 5 minute read
Stock shortages emerge as the biggest worry for dealers, as motor industry faces ripple effect from pandemic
Stock shortages emerge as the biggest worry for dealers in the year ahead, according to new research from Close Brothers Motor Finance.May 18, 2022 Motor Finance 5 minute read
Almost half of car dealers worry about the rise of online car buying
Almost half (46%) of car dealers say they worry about the rise in online car purchases, according to research from Close Brothers Motor Finance.May 17, 2022 Motor Finance 5 minute read
Covid-19 recovery the biggest threat to dealers, but new consumer buying patterns to deliver opportunities in the year ahead
The recovery from Covid-19 continues to be the main concern for car dealers when thinking about the future of their business, according to new research from Close Brothers Motor Finance.May 17, 2022 Motor Finance 5 minute read
Cautious car-buyers would rather buy a new home online than a new car
While the pandemic has accelerated online buying across multiple sectors, drivers are not quite ready to take the leap and buy a new car online without seeing it first.May 17, 2022 Motor Finance 5 minute read
Final lockdown takes its toll, with dealer confidence falling 10% since Summer 2020
Final lockdown takes its toll, with dealer confidence falling 10% since Summer 2020May 17, 2022 Motor Finance 5 minute read
Covid-19 puts the brakes on 9.3 million car buying plans
Covid-19 has polarised the world, and the nation – including car buyers, according to research from episode one of the annual Britain Under the Bonnet report, from Close Brothers Motor Finance. Well over a third (38%) of drivers aMay 17, 2022 Motor Finance 5 minute read
Hybrid accelerates as most popular car type for future car buyers
One in four (26%) UK drivers plan to opt for a hybrid car as their next vehicle purchase, according to research conducted for Close Brothers Motor Finance’s upcoming Britain Under the Bonnet Report. The fifth iteration of the repoMay 16, 2022 Motor Finance 5 minute read
Drivers veering towards electric, but cost and lack of charging holding them back
A new study from Close Brothers Motor Finance has found that a quarter (24%) of consumers intend on purchasing an alternative fuelled vehicle (AFV), such as a battery, electric, or a hybrid car, as their next vehicle purchaseMay 16, 2022 Motor Finance 5 minute read