Latest news with #StartlineMotorFinance
Yahoo
23-07-2025
- Automotive
- Yahoo
Nearly 70% of dealers see PHEVs as stepping stone to EV adoption: Startline survey
A recent survey conducted by Startline has revealed that nearly seven out of ten dealers (68%) believe that plug-in hybrid electric vehicles (PHEVs) are serving as a transitional option for car buyers hesitant to fully embrace electric vehicles (EVs). Published in Startline's July Used Car Tracker, the findings indicate that 60% of dealers anticipate an increase in the value of PHEVs while 48% expect demand for these vehicles to rise as well. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You However, the outlook is not entirely optimistic, with only 37% of dealers expressing confidence that PHEVs will maintain a long-term presence in the market. The same percentage of respondents indicated that buyers may begin to reject PHEVs in favour of fully electric alternatives. Startline Motor Finance CEO Paul Burgess said: 'While there are now strong indications that the market for used EVs is improving quite rapidly, there remains a sizeable cohort of car buyers who are concerned about factors such as accessing charging. 'For them, PHEVs are emerging as a halfway house to electrification, providing some electric range but also the reassurance of a combustion engine. It makes sense that they are becoming more popular. 'It's interesting, though, that more than a third of dealers believe their current rise will pass as more drivers opt for a full EV. They think that while PHEVs are very much on an upwards trajectory right now, their drivers will move onto fully electric cars in time.' Additionally, nearly 13% of dealers noted that recent changes to the Zero Emissions Vehicle (ZEV) Mandate, which allows PHEVs to remain on sale until 2035, have influenced their views on the market dynamics surrounding these vehicles. Burgess added: 'Certainly, there is a widespread expectation that the revised ZEV Mandate will provide a boost to PHEVs in the new car sector, but it is clear that few used car dealers in our research believe it will have a material impact on their customers.' The Startline Used Car Tracker, compiled monthly by APD Global Research, surveyed 300 consumers and 60 dealers for this report. "Nearly 70% of dealers see PHEVs as stepping stone to EV adoption: Startline survey" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Daily Mirror
23-07-2025
- Automotive
- Daily Mirror
SUV drivers issued warning as third of people demand rule change
Almost 40 per cent of people believe there are too many SUVs on UK roads and 21 per cent back higher taxes on the vehicles, according to a new survey. This could lead to new rules being introduced A survey has revealed that a third of motorists are backing new measures that could see owners of larger vehicles hit with increased taxes. A notable 37% of participants voiced concerns over the abundance of SUV s on British roads, pinpointing safety as their main worry. According to Transport & Environment's latest reports, there are 1.12 million SUVs registered in the UK, a 33% increase from 2022. Other reports revealed that SUV registrations might increase to 75% of all new car registrations by 2027. The study also indicated that 35% of those surveyed would welcome regulations leading to improved SUV designs, and 21% are in favour of higher taxation on these vehicles. Paul Burgess, CEO at Startline Motor Finance, commented on the popularity of SUVs, saying: "SUVs have become the usual choice for most drivers in the UK who tend to like their higher seating position, adaptability for family life, and their go-anywhere image." He acknowledged the growing safety concerns, particularly regarding pedestrian safety, stating: "However, our research shows there is a significant minority of people who are concerned about the increased safety risks that they bring, especially when it comes to pedestrians' surviving impacts." Burgess stopped short of suggesting a widespread backlash but admitted it would "be premature to say that there is a backlash against SUVs, but there's clearly a high degree of unease about how common they have become on our roads." The report also found that 19% support restrictions on SUVs in areas with high foot traffic, and 18% believe the automotive industry should do more to encourage the purchase of non-SUV models, reports Birmingham Live. Dr Anna Goodman, Assistant Professor at the London School of Hygiene and Tropical Medicine and lead author of the study, highlighted the risks posed by larger vehicles: "Our findings highlight that these larger vehicles are particularly dangerous for children, especially young children." "This is probably because children are shorter in height and are therefore more vulnerable to the risks of being hit by vehicles with a tall front bonnet," she added. Nicola Pastore, the founder of Solve the School Run, expressed her concerns, saying: "Every day I worry about my children's safety just walking to school. The rise in massive SUVs on our streets has made a simple journey feel dangerous. "Parents shouldn't have to feel this way. It's time councillors stepped up with bold, coordinated action to protect children and reclaim our neighbourhoods."
Yahoo
09-07-2025
- Automotive
- Yahoo
Many car showrooms still male-dominated, say dealers: Startline
Four in ten car dealers (40%) believe that car showrooms continue to be male-dominated environments, according to the latest Startline Used Car Tracker for July. The report reveals growing concern in the motor retail sector about how well it serves female customers. More than a third (35%) of dealers think some women are choosing to shop online to avoid visiting showrooms, while 33% say the industry needs to focus on recruiting and empowering more female staff. 'Some have recognised this problem and taken welcome actions,' said Paul Burgess, CEO at Startline Motor Finance, referring to efforts such as hiring more women. The research shows 42% of dealers now employ women in their sales teams, though just 22% say they employ as many women as men. Almost half of dealers (48%) say they have tried to make their showrooms more female-friendly. However, 12% admit they are unsure how to improve the environment, and a third believe more feedback from women customers is needed. 'These responses underline the problems some parts of the industry face,' Burgess said. 'Perhaps more research by dealers is needed to fully understand this issue.' The questions were prompted by earlier research from Citroën UK showing that nearly half (48%) of women feel the car retail experience is biased toward men, and only 25% feel comfortable asking for help in a showroom. The Startline Used Car Tracker is produced monthly for Startline Motor Finance by APD Global Research, which surveyed 300 consumers and 60 dealers for this edition. "Many car showrooms still male-dominated, say dealers: Startline" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Automotive
- Yahoo
Startline Motor Finance names regulatory reporting manager
UK's Startline Motor Finance has appointed Chris Garman as the regulatory reporting and oversight manager. In his role, Garman will ensure accurate regulatory reporting and enhance oversight across Startline. His responsibilities also include promoting data-driven insights to track operational risks and ensuring favourable outcomes for customers. Garman, a University of Stirling graduate, previously served as director of the group data and analytics office at HSBC. He previously worked as vice president of technology and information risk at Morgan Stanley and as an analyst for the national intelligence policing model at the Association of Chief Police Officers in Scotland. Startline Motor Finance CEO Paul Burgess said: 'We are very pleased to welcome Chris to the team. With an ever-higher regulatory focus being an established part of motor finance, he will play a key role in shaping internal operations in a manner that puts the customer first, ensuring compliance and building long-term trust.' Garman commented: 'Given the increasing focus on data-led oversight from the Financial Conduct Authority and the complex landscape of consumer credit regulation, I will be helping ensure that Startline maintains compliance with all relevant requirements. 'My aim is to drive transparency, and continually improve data quality and governance, as well as being ready to readily adapt to future regulatory change to minimise disruption.' A recent survey by Startline showed that more than seven out of ten UK motorists are open to purchasing vehicles from emerging Chinese car manufacturers. In the survey, 72% of respondents expressed willingness to consider Chinese cars. BYD emerged as the most recognised brand among potential buyers, with 28% awareness, followed by Maxus at 19% and Chery at 14%. Other brands such as Aiways, Denza, and Jaecoo each garnered 11%, while Omoda and Xpeng stood at 10%. Nio, Skywell, and GWM Ora achieved 9%, with Leapmotor, Lynk & Co, HiPhi, and Zeekr trailing. "Startline Motor Finance names regulatory reporting manager" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
10-06-2025
- Automotive
- Yahoo
Startline survey reveals Chinese car brands gain traction among UK motorists
More than seven out of ten UK motorists are open to purchasing vehicles from emerging Chinese car manufacturers, according to Startline's June Used Car Tracker. In the survey, 72% of respondents expressed willingness to consider Chinese cars. BYD emerged as the most recognised brand among potential buyers, with 28% awareness, followed by Maxus at 19% and Chery at 14%. Other brands such as Aiways, Denza, and Jaecoo each garnered 11% while Omoda and Xpeng stood at 10%. Nio, Skywell, and GWM Ora achieved 9%, with Leapmotor, Lynk & Co, HiPhi, and Zeekr trailing. Startline Motor Finance CEO Paul Burgess said: 'Chinese manufacturers are making a concerted assault on the UK market – almost 12,000 BYDs were sold here in the first four months of the year – and our research shows that consumers are receptive to the idea of buying a car from them.' Burgess further explained that differentiation is a challenge for these new entrants. Those investing in marketing and dealer networks are seeing increased consumer awareness, with BYD as a prime example. Despite this, 18% of respondents prefer established brands, 11% have quality concerns, and 7% wish to support British manufacturers. Additional concerns include parts availability and security, each noted by 4% of respondents, and dealer support, mentioned by 2%. Burgess stated that while a small group of car buyers exhibits some hesitation, significant concerns typically associated with the quality and support offered by new Chinese automakers are notably minimal. Compiled by APD Global Research, the Startline Used Car Tracker surveyed 301 consumers and 66 dealers, providing insights into consumer perceptions and market trends. Earlier this year, Startline Motor Finance secured a five-year credit facility worth £475m ($583m) from the US bank JP Morgan. Startline offers near-prime financing solutions to approximately half of the UK's top 50 franchised car dealers and 70% of the leading 50 independent automotive retailers, based on revenue. "Startline survey reveals Chinese car brands gain traction among UK motorists" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
