CCR Magazine

You are here  :Home arrow News arrow Linedata Exchange - technological change presents enormous challenges to the motor finance sector
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Linedata Exchange - technological change presents enormous challenges to the motor finance sector PDF Print E-mail
Wednesday, 21 October 2015
Delegates attending the annual Linedata Exchange Conference in London, attended by more than 250 financial and IT industry specialists, debated issues facing the motor retail finance sector as a result of huge developments in technology and social change.

“The sharing economy, generation Y , innovations in the technology sector and environmental pressures present enormous challenges to the automotive retail and asset finance sectors and worryingly the sector is showing a lack of creativity and innovation to meet these changes. The industry seems to be sleep walking towards this sea change and business’s need to think about how they are going to factor these challenges into their long term strategic thinking”, said John Lindsay, management consultant at JLSR.

“The traditional automotive dealer model will need to adapt to survive these challenges, especially in terms of new car sales, given the moves by car manufactures to revisit their long term retail plans. The effect on motor retail financing could be seismic,” he added.

Karl Werner, head of sales and marketing at Moto Novo Finance, acknowledged that the motor finance industry had been slow to adapt but believed the sector was keen to embrace technology in the future.

“The motor finance industry has never had it so good and maybe as a result has been slow to adapt its business model to reflect changes in society and innovations in technology.

“But there are now promising signs that we have turned the corner with new technology now available to allow customers a self-service operation 24/7.

“We need to remember that customer experience is always paramount and that we need to remain profitable in the short and medium term.”

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197