Keep up to date with Mann Island’s latest news and insights about the motor industry and operating environment
2021 has witnessed an impressive level of award success for Mann Island Finance, culminating in the business picking up the much-coveted Car Finance Provider of the Year award at the Credit Awards, which took place in December.
The landscape for financial services was already changing long before the global pandemic, but as with many things, there can be little doubt that COVID-19 has accelerated that trend dramatically.
We were thrilled to hear the Mann Island Finance name read out on the stage of this year’s Car Finance Awards. The only event that
As of September 2021, a new standard of number plates will be introduced. It will be sturdier, more resilient material able to handle more damage, more bending, abrasion, impact, and thermal change, and will also show up clearer on Automatic Number Plate Recognition (ANPR) cameras on UK roads.
The good news is that on June 30th, the European Commission announced that this requirement is to be scrapped for UK drivers travelling to EU countries. Please note, the change has yet to come into force.
Having been paused during the pandemic, Clear Air Zones (CAZs) are starting to be introduced across cities in the UK. A Clean Air Zone is defined as an area where targeted action is taken to improve air quality and is designed to encourage people and businesses to move towards less polluting methods of transport.
There can be no doubt used car prices in the UK are rising, and it is a trend that shows little sign of slowing down and is occurring in other mature markets, including the USA and Germany. Double-digit increases in used car prices over recent months are common.
Launched in 1991, initially as a broker, under the ownership of Investec Bank, Mann Island has evolved into a highly credible motor finance company committed to supporting its dealers and customer alike.
2020 has been the year in which many car dealers have made the jump from point of sale to omnichannel retailing to support people looking to buy cars online. It was a trend that has been gaining momentum, but COVID-19 lockdown has put this into overdrive.
Find out more about our commitment to delivering good outcomes for our customers and to lending responsibly.
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