Loan Sharking Increasing As Consumers Find It Hard To Get Credit

Wednesday, 20. January 2010

A few years ago I was a consultant to Yes Car Credit, a company that I hugely respected because, in many ways, they got it right! However, becoming the UK’s largest seller of used cars in about 4 years carried with it a number of problems that the UK press, as always, was eager to pounce upon. The company was selling nearly 50,000 cars per annum at the point of its demise and I would admit that the combination of Read more »

Scrappage Update

Tuesday, 5. January 2010

 Whilst fleet sales were down last year retail sales were up as a result of the scrappage scheme and dealers that expected to make losses ended up making profits. This was the result of what could only be described as a total con trick. Retail buyers were convinced that giving up their old car to benefit from a £2,000 bonus from the Government and manufacturers was a good idea but stories were exchanged throughout the Read more »