Ford of Britain launches direct online car sales channel

Ford of Britain has launched a direct-to-customer online sales channel. Users of the site can set a budget, obtain a part exchange value, review and choose cars, then arrange finance online and order. Consumers can select delivery either from a local dealership or direct to a location of their choice.

Ford of Britain launches direct online car sales channel

Jul 13, 2018

Ford of Britain has launched a direct-to-customer online sales channel. Users of the site can set a budget, obtain a part exchange value, review and choose cars, then arrange finance online and order. Consumers can select delivery either from a local dealership or direct to a location of their choice.

NYC auto dealership pays $423,000 for deceptive lending

A New York City auto dealership has agreed to pay more than $423,000 to settle charges that it targeted non-English speakers with a range of deceptive sales practices. Attorney General Barbara Underwood said Bay Ridge Honda of Brooklyn was required to reform its business practices and pay restitution and penalties, after the office received dozens of complaints from New Yorkers about unwanted charges and sales tactics that targeted non-English speakers.

NYC auto dealership pays $423,000 for deceptive lending

Jul 13, 2018

A New York City auto dealership has agreed to pay more than $423,000 to settle charges that it targeted non-English speakers with a range of deceptive sales practices. Attorney General Barbara Underwood said Bay Ridge Honda of Brooklyn was required to reform its business practices and pay restitution and penalties, after the office received dozens of complaints from New Yorkers about unwanted charges and sales tactics that targeted non-English speakers.

Hyundai pilots car subscription service

Captive auto finance company Hyundai Capital America (HCA) has launched a pilot car subscription program that includes a special lease price, auto insurance, and service maintenance on selected vehicles. The option, called Hyundai PLUS, is available via its Hyundai Motor Finance brand and is initially being offered in Ohio at select dealerships, on the MY18 Hyundai Elantra, Sonata, Tucson, and Santa Fe Sport models, with future expansion plans to follow.

Hyundai pilots car subscription service

Jul 13, 2018

Captive auto finance company Hyundai Capital America (HCA) has launched a pilot car subscription program that includes a special lease price, auto insurance, and service maintenance on selected vehicles. The option, called Hyundai PLUS, is available via its Hyundai Motor Finance brand and is initially being offered in Ohio at select dealerships, on the MY18 Hyundai Elantra, Sonata, Tucson, and Santa Fe Sport models, with future expansion plans to follow.

Americas

Daimler and Bosch partner with AI specialist

Jul 13, 2018

Car manufacturer Daimler and auto parts supplier Bosch have signed an agreement with US artificial intelligence (AI) computing company Nvidia which will see the technology company supply the platform for their joint automated vehicle development project. The two companies say AI is an important building block in creating the network of electronic control units required to power a fully automated and driverless vehicle in an urban environment.

Asia Pacific

Opportunities for auto finance as China widens market access

May 23, 2018

China’s president Xi Jinping has announced a substantial widening of its market access programme that will create growth opportunities for foreign companies, including the auto finance sector. In response to the announcement, the People's Bank of China said it was “losing no time” in translating the measures into reality.