The Assessor Mag Autumn 2024 Web - Flipbook - Page 8
[continued from page 7]
COPART UK HOLD
FIRST AUCTIONS AT NEW
OPERATION CENTRE IN
ST HELENS, MERSEYSIDE
(FORMER CAZOO SITE)
this year and is a substantial addition
to the company’s operational
network, boosting their vehicle
storage capacity by 50% in the
northwest.
Copart purchased the 16-acre site,
formerly leased by Cazoo. The
company has been investing heavily
into acquiring land and expanding
its existing sites, to enable growth,
handle increasing EV volumes, and
expand the reach of its emergency
response services.
Hot on the heels of Gloucester,
St Helens is the second new Copart
Operation Centre to open its doors
St Helens is the fourth new Copart
Operation Centre to open its doors
in the last 18 months, joining Corby,
East Kilbride, and Gloucester.
THE MOST STOLEN
MODELS (ACCORDING
TO CONFUSED.COM DATA)
ARE FORD FIESTA, VW
GOLF, AND BMW 3 SERIES
Confused.com have compiled a list of cars most at risk of theft and the theft
hotspots around the country, via https://www.confused.com/car-insurance/
car-theft-calculator.
The top ten most risk of theft
vehicles are:
And the areas of the UK most at
risk are:
1.
Ford Fiesta
1.
London
2.
VW Golf
2.
Birmingham
3.
BMW 3 Series
3.
Manchester
4.
Ford Focus
4.
Shef昀椀eld
5.
BMW 1 Series
5.
Romford
6.
Mercedes C Class
6.
Ilford
7.
Audi A3
7.
Dudley
8.
Range Rover Sport
8.
Coventry
9.
Vauxhall Corsa
9.
Walsall
10. Vauxhall Astra
8
FCA
CONSULTS
ON MOTOR
FINANCE
COMPLAINTS
EXTENSION
Financial lending 昀椀rms are bracing
for what could become Britain's
costliest consumer banking scandal
since PPI claims, according to industry
comentators, with the Financial Conduct
Authority (FCA) is seeking feedback on
proposals to extend the time 昀椀rms have
to respond to motor 昀椀nance complaints
where a non-discretionary commission
arrangement was involved. The
regulator previously extended the time
昀椀rms have to respond to motor 昀椀nance
complaints involving a discretionary
commission arrangement (DCA).
The FCA’s consultation follows the Court
of Appeal’s 25 October judgment in
Hopcraft v Close Brothers Ltd, Johnson
v FirstRand Bank Ltd, and Wrench v
FirstRand Bank Ltd. In these cases, the
Court decided it was unlawful for the car
dealers to receive a commission from
lenders providing motor 昀椀nance without
昀椀rst telling the customer about the
commission and getting their informed
consent to the payment. To obtain
informed consent, the borrowers would
have to have been told all material facts
that might have affected their decision
to enter into the agreements, which,
in these cases, included how much the
commission would be and how it was
to be calculated. The judgment related
to 昀椀xed commission motor 昀椀nance
agreements as well as DCAs, which the
FCA banned in 2021. The two lenders
involved in the cases intend to appeal.
Firms who provide motor 昀椀nance
are likely to receive a high volume of
complaints in response to the judgment.
The proposed complaint handling
extension, which the FCA previously
said it would consult on, would allow
昀椀rms more time to handle complaints
ef昀椀ciently and effectively. This would
help prevent disorderly, inconsistent
and inef昀椀cient outcomes for consumers
and 昀椀rms.
10. Chelmsford
THE ASSESSORS JOURNAL | AUTUMN 2024 | www.iaea-online.org/news/the-assessor
