Used car dealer vehicle finance provider eyes the future
Published: 04 August, 2022
V12 Vehicle Finance (V12VF), which has hit three years in business is considering its next move as it celebrates posting £65.4 million in stock funding to used car dealers in 2021. During 2020, it achieved £12.7 million. V12VF also reached another milestone when it broke the £150m stock funding finance barrier since its launch three years ago.
V12 Vehicle Commercial Director, said Ciara Raison,: “Our dealer feedback is that they really like how we treat them as individual businesses and can offer commercial solutions which match their business model. The easiest way to sum up how we help our dealers is that we save them money, we make them money, we save them time, we take away hassle and we give them peace of mind.”
According to Ciara, online sales and EVs are just two of the key developments in the marketplace that the company is planning for: “The pandemic has forced dealers to look at their models and service their customers remotely. This in turn has given customers confidence to buy online, a trend that is likely to increase. The timing for disruptor models such as Cinch and Cazoo has been advantageous for them in establishing their models.
“Fnally, there is an acceptance of government direction away from fossil fuels.
In order to win looking forward, lenders will need to be able to support these changes both in terms of their technology and culture.
For more information, visit: www.v12vf.co.uk/
- Charge up your EV stock, used car dealers urged
Businesses that sell used cars are being advised to have EVs making up 10% of their stock, ahead of demand which is expected to surge.
- Bosch: Electric/Hybrid Vehicle System Awareness
Bosch has launched a new EV and hybrid online training course. Electric/Hybrid Vehicle System Awareness is a non-technical course suited to staff in a wide variety of roles including service managers, front-of-house, parts advisors, drivers, valeters, recovery personnel and others
- Hunter touchless alignment system
The Hunter Quick Check Drive is available exclusively from Pro-Align. It is a ‘drive-thru’ non-contact wheel alignment inspection system, where there is no need to attach sensors or targets, or even for the vehicle to stop. The Quick Check Drive system comprises of two slim profile units, which should be situated in the entrance to a workshop. Each of the units contains 16 lasers which are used to assess the vehicle’s total toe and individual camber measurements, and several cameras which are used to record 40-60 high-definition images of the car, helping to eradicate any fraudulent body damage claims. In order to carry out the alignment assessment, the vehicle needs to be driven between the two measurement units at a speed of between 2-10 mph. Technicians or service advisors then input or confirm the vehicle make and model details, and the system cross-references Hunter’s vehicle database to determine if the vehicle is within the manufacturer’s tolerances, or if a full 14-point alignment assessment is required. The system can take new readings every 3-5 seconds.
www.pro-align.info/qcd
- 15 times the choice, three times the range: EV progress since 2011
The SMMT used its annual Test Day driving event, held at Millbrook Proving Ground near Bedford, to highlight the progress made on EV availability and range over the last 10 years, during which time a 15-fold increase in choice of model has unfolded, with many of these cars having more than three times the range of vehicles from a decade ago.
- Lemförder switchable engine mounts
Under its Lemförder brand, ZF Aftermarket has introduced a range of switchable engine mounts for a number of Audi and Mercedes Benz models. Using an integrated air spring this can actuate two different characteristic curves depending on vehicle and rotational speed. The mounts are currently available for Audi and Mercedes-Benz vehicle models and includes the Audi A4, A5, A6, Q5, Q7 and Mercedes C and E Class, GLK, GLC. ZF Aftermarket recommends that all engine mounts always be replaced during repairs, not just the defective part. Otherwise, there is a risk that the new component will have to absorb higher forces and vibrations because the remaining mounts are already heavily worn which may accelerate subsequent damage.
www.zf.com
