🥚EASTER POD! We've got the latest on the FCA redress scheme. Impact of Middle East war on car buying. Wayland acquisition and more! (E22 S12)

·40 min·4 clips

The FCA splits its £7.5 billion motor finance redress into two schemes to accelerate payouts starting this year.

The episode opens with hosts Philip Nothard and Curtis Hutchinson welcoming listeners over the Easter break and noting the busy March for franchise dealers. They mention upcoming new car registration figures for March and Q1. The hosts recap a recent Supplier Special episode with Autoglym Lifeshine's Anna Holdsworth, highlighting the UK-based company's global reach. Philip discusses a Vehicle Remarketing Association meeting focused on developing a used car grading system for Europe in collaboration with CARA. An extract from an interview with Cap HPI's Chris Plumb follows, where he explains that used car trade values at the three-year, 60,000-mile benchmark fell by 1.2% in March, weaker than seasonal expectations. Plumb describes Q1 as a period of 'easing' with increased wholesale volumes. The hosts then cover weekly headlines, starting with the FCA's £7.5 billion compensation scheme for the motor finance scandal, which is split into two redress schemes for 2007-2014 and 2014-2021 agreements to expedite payouts. Next, they discuss research from Motors and Cazoo showing 38% of UK car buyers are delaying purchases, with 56% of those citing uncertainty from the Middle East war. An extract from the Autoglym Lifeshine interview features Anna Holdsworth explaining the company's USPs, including safety and ease of use, and noting that the £499 price point for Lifeshine is driven by dealer networks. The headlines continue with Waylands Automotive acquiring Cambridge Garages, a Hampshire-based Volvo dealership, expanding to 17 locations. Finally, Motorpoint announces a new £15 million store in Leeds, bringing its UK network to 22 locations. The episode concludes with reminders to listen to full interviews with Chris Plumb and Anna Holdsworth, and wishes for a good Easter break.

As heard by us

A clear trade-facing read on the FCA payout timetable, with the delay risk kept firmly in view.

Motor Trade Radio’s Easter-break episode keeps a tight focus on the FCA’s motor finance payout process and what its proposed structure may mean for timing across the sector.

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Why you'd press play

You want the FCA redress timetable explained through dealer and lender realities.

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