News and insights
The latest news from Close Brothers Motor Finance and the financial world, plus helpful guides for our customers and clients.
EV demand continues to surge despite consumer concerns
Our latest research shows demand for electric vehicles continues to grow, with dealers reporting increased interest throughout the buying journey. Findings highlight the opportunities and barriers facing the transition to EVs.
25 September 2026 ● Forecourt Foresight ● 3 minute read
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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 sayin16 May 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. While16 May 2022 Motor Finance 5 minute read
Our Britain Under the Bonnet report finds that 2.4m drivers are switching from new to used cars as economic uncertainty bites
Brexit, a global slowdown, and confusion over fuel type have caused 2.4 million drivers to think twice about buying a brand-new car. The findings from a new report published today by Close Brothers Motor Finance found, in the past16 May 2022 Motor Finance 5 minute read
Sea-change in interest for driverless cars, yet consumers still not ready to commit
The proportion of UK motorists who said they liked the idea of self-driving cars has tripled in 12 months, according to the Britain Under the Bonnet report (launching April 2019) from Close Brothers Motor Finance. Three in ten dri16 May 2022 Motor Finance 5 minute read
Twice as many car dealers see Brexit as a ‘threat’ as six months ago
Confidence amongst dealers continues to remain high at the start of 2019, with the vast majority (93%) saying they were confident about business prospects for the coming 12 months, according to the latest findings from Close Broth16 May 2022 Motor Finance 5 minute read
Banning petrol and diesel cars by 2032 too soon, say two-thirds of UK dealers
New research from our Dealer Satisfaction Survey has found that two-thirds (66%) of car dealers believe the Government’s plans to ban petrol and diesel cars by 2032 will be too early. The qualitative survey of more than 200 dealer16 May 2022 Motor Finance 5 minute read
UK car dealers remain confident about business prospects despite Brexit uncertainty
New findings from the Close Brothers Motor Finance’s Dealer Satisfaction Survey reveal that the vast majority of motor dealers (95%) are confident about business prospects in the market for 2019, up from 93% last year. Of these, s16 May 2022 Motor Finance 5 minute read
Close Brothers Motor Finance donates 170 toys for Mission Christmas
Close Brothers Motor Finance employees in Northern Ireland collected 170 toys and presents, plus a further £290 in donations, for Mission Christmas this year.16 May 2022 Motor Finance 5 minute read
Close Brothers Motor Finance's Rebecca McNeil wins at CEO Today Awards 2018
Rebecca McNeil, CEO of Close Brothers Motor Finance, is a winner of the CEO Today United Kingdom Award 201816 May 2022 Motor Finance 5 minute read