NEWS

MAZDA has sealed a deal with Equity direct enabling dealers to offer car insurance on new and used motors. The 3 year deal gives a boost to both dealers and customers, says Mazda UK sales director Mark Cameron. ‘Equity demonstrates the online expertise and high levels of customer service we look for when selecting a [...]

HPI has developed a new short term insurance product to help dealers cover motors on loan to customers. The Readycover product is a flexible and short term insurance product specifically for car dealers. It means they don’t have to risk their insurance premiums by covering customer loan cars under their existing Motor Trade policy. Readycover [...]

KIA buyers can now sort out insurance for their new cars through the firm’s UK car dealer network. The new offer includes free 7-day driveaway insurance for both new and used cars. This deal, arranged through Equity Direct Broking, means buyers will face no problems arranging road tax of their cars which will enable them [...]

RUNNING a new car is 20 percent more expensive today than it was in 2007 reveal statistics. Indeed, a Sainsbury’s Finance survey reckons car running costs have risen 8.6 percent in the past 5 months alone. This is because of rises in fuel and insurance costs. It puts the average annual cost of motoring at [...]

HPI has launched an ingenious new calculator, to help precisely rate the insurance risk cost of cars. HPI Motor Rating Factor gives the individual insurance performance of cars, more accurately than has ever previously been available. This gives, says HPI director Alastair Crossley, the ability ‘to accurately price the unique risk cost of a vehicle. [...]

LOSSES on insurance for courtesy cars can be reversed, promises a trick new system from software firm DCML. It both improves cost recovery AND income, says the firm – with tests showing a 12 percent profit could be achieved. It’s a straightforward system to use. ‘Email Notification’ alerts inform senior bosses of all insurance costs [...]

PROFIT margins from warranty product sales can now be calculated, thanks to free new tools from MB&G. The warranty firm have developed the kit of calculators to help dealers gee up staff and get them upselling. Simple to use, they’re real profit-boosters, says MB&G director Kevin Pearce. ‘In the current economic climate, it’s a tough [...]

HPI has charged ex-Sytner finance and insurance whizz James Edwards with a crucial launch. Edwards is to drive forward the launch of HPI Finance’s Gateway product, in the role of sales operations manager. Gateway is a finance proposition for car dealers, to which Edwards’ 14 years of finance and insurance experience will be a big [...]

CAR dealers could be missing out on a huge slice of aftersales profits – because of ill-informed customers. Vauxhall has discovered that most motorists do not know they can choose where their car is repaired, in the event of an accident. Most assume they have to go with the repairer chosen by the insurer. But, [...]

CAR dealers who do not hold a new car franchise have been buoyed by a new customer service package. MB&G has launched a flexible service plan, which will improve profits, and help maintain long-term custom and relationships. Called Service Plan+, it means dealers can offer customers a fixed monthly cost service plan. It enable dealers [...]

VOLVO has become the latest car maker to introduce a payment protection incentive scheme. Offered on new C30, S40 and V50 models, the scheme follows Honda’s lead in protecting new car buyers if they are made redundant. Volvo will offer the PPI insurance for all new car buyers who use the maker’s 5.9 percent APR [...]