Latest News From V12 Vehicle Finance
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Independent research commissioned by V12 Vehicle Finance shows a 41% increase in the number of independent dealers that have secured consumer finance for used EVs, up from 29% in 2022 to 70% in 2023.
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With more used car and van dealers preferring unit stocking finance to purchase vehicles for forecourts, we have announced plans to expand our stock funding team to help dealers grow their businesses.
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Independent used car dealers will welcome the extra time afforded by the Government to allow the UK automotive industry to strengthen the EV market infrastructure, as they continue to provide buyers with a larger choice of affordable vehicles during financially uncertain times.
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V12 Vehicle Finance has received it's Silver Member status from the Automotive 30% Club, a network founded with the purpose of achieving better gender balance within the automotive industry.
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With the perfect storm of rising inflation and the cost-of-living crisis eating into disposable incomes, market trends around the financing of used cars are changing. Here, Tamara Brown, our Head of Partnerships, discusses why customers are now much more willing to accept compromises on age and mileage to secure their preferred vehicle.