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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The top 10 financed cars of 2018
The Ford Fiesta has topped the list of cars financed in the UK, according to data from Close Brothers Motor Finance. The firm family favourite is followed by the Ford Focus and the Volkswagen Golf.16 May 2022 Motor Finance 5 minute read
Close Brothers Motor Finance employees volunteered an impressive 818 hours of their time for charity initiatives in October
Close Brothers Motor Finance employees volunteered an impressive 818 hours of their time for charity initiatives in October, the company’s volunteer month.16 May 2022 Motor Finance 5 minute read
Young motorists drive demand for used cars
Millennial motorists (aged 22-30) are more likely to choose second hand cars over a new car, according to new research from Close Brothers Motor Finance. 46% of millennial drivers said they were likely to go for a used car versus16 May 2022 Motor Finance 5 minute read
One in five drivers wants to go green, but affordability and fuel type win out
Almost three quarters (71%) of UK motorists say affordability is a main consideration when purchasing a new vehicle, according to the Britain Under the Bonnet report from Close Brothers Motor Finance. A further 56% care about how16 May 2022 Motor Finance 5 minute read
New and used cars neck and neck in race for consumer preference
The competition between new and used cars is heating up, with only a 1% difference in customer preference according to the Britain Under the Bonnet report from Close Brothers Motor Finance.16 May 2022 Motor Finance 5 minute read
Brits want to remain in the driver's seat, as sceptical motorists are not ready for driverless vehicles
Well over half (55%) of UK motorists would not consider purchasing an autonomous vehicle, with scepticism around safety and technology causing the biggest concerns, according to the Britain Under the Bonnet report from Close Broth16 May 2022 Motor Finance 5 minute read
Close Brothers Motor Finance raise £31k for charity
Close Brothers Motor Finance employees have raised an impressive £30,823 for the NSPCC and Cancer Research UK through a series of fundraising events16 May 2022 Motor Finance 5 minute read
Britain Under the Bonnet finds that 98% of consumers still rely on car dealers when making a purchase
Despite the internet becoming the most common source for researching a car, consumers still rely on car dealers when actually making a purchase, according to the second iteration of the Britain Under the Bonnet report produced by16 May 2022 Motor Finance 5 minute read
Britain Under the Bonnet finds UK motorists are cautiously driving towards electric
The number of UK drivers who would consider buying an electric car as their next vehicle has doubled in the last year from 15% to 30%, according to the Britain Under the Bonnet report from Close Brothers Motor Finance. A further t16 May 2022 Motor Finance 5 minute read