
Brace yourself for FCA investigation car dealers warned
The automotive retail sector should brace itself for a Financial Conduct Authority (FCA) investigation with at least one dealership group likely to come under scrutiny. “It is what we have seen in other sectors, such as mortgages and payday lending. "A well-known company or group is investigated and held to account,” said Andrew Smith, managing director of Consumer Credit Advisory Services. Returning to the F&I stage at this year’s Automotive Management Live, following his pr