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Toyota Financial Services put £500m aside for auto finance redress

Just weeks before the Supreme Court hands down judgment in what will be a crucial legal ruling for the auto finance sector, Toyota Financial Services has set aside £554.26 million to cover a potential mass consumer redress scheme for claims of mis-selling and/or disguised commission. The figure, revealed in the lender’s accounts to 31 March […]

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Introduction

Welcome to our Auto Finance community led by David Betteley

Successive waves of change have been hitting the auto finance industry harder and faster than ever before. The transition from ICE to BEV is the largest single challenge and opportunity for UK and European auto in 2024, with higher costs of production, lacklustre consumer demand, changing regulation, managing residual values, and the arrival of Chinese OEMs into Western markets. Join us as we explore the challenges and opportunities that are shaping the future of auto finance.

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