David Mercer - managing director - V12VF

Used car dealers are being blitzed with new IT hardware and software to an extent that used car dealers' efficiencies could be impacted when adopting new technology. That's according to V12 Vehicle Finance.

V12 Vehicle Finance, a business division of Secure Trust Bank, has partnered with LUMINOSITY Ltd. to implement SOAR_inventory, the NFC and Cloud-based 'self‐auditing' risk and inventory management solution. Working in tandem with a traditional stock auditing model, SOAR enables their Dealer Network to securely self‐audit wholesale-funded inventory.

Since June 2019, the VAS and V12 Vehicle Finance teams have worked to build a secure and trusting relationship. The VAS service combines Asset Protection Recovery and Stock Audit.

David Mercer - managing director - V12VF

Within this series we aim to highlight and discuss the topical issues impacting on the vehicle remarketing industry, supporting our overriding philosophy of 'helping dealers sell more used vehicles more often'.

New stock, sale and repair funding operation

V12 Motor Finance is a new stock, sale and repair funding operation from Secure Trust Bank. Why is the time right for this?