Consumer Duty is top of the agenda at the Motor Trader Retailing EXPO 2023, which takes place in Silverstone on 17 October. John Hughes, CEO at Mann Island Finance (pictured), will shine the spotlight on Consumer Duty and its impact on dealers. In his presentation and the panel session afterwards, he will look at how it was launched and its ...
Read More »Mann Island celebrates £1bln financing milestone
Mann Island Finance celebrated its total financing activity passing the £1bln mark. The finance case that made the milestone moment took place at Alpha Motors in Wigan and, to celebrate the moment, Mann Island Finance MD, John Hughes, presented the customer with a voucher to pay for their first service. Hughes said: “Over the difficult last year, we stood side-by-side ...
Read More »Finance penetration on used cars is on the rise
The bounce-back in used car sales since the initial lock-down measures were lifted has been encouraging for the motor retail sector. Increasingly, customer interest has been turned into action courtesy of dealer finance. In late September, Moneyfacts reported that ‘since April getting accepted for a personal loan has become significantly harder’. Since June, at Mann Island, we have written record ...
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