In response to the rising Advance Payments, Motability have put out a press release with a ‘natty’ video explaining how bad things are; click here
All valid stuff, but quite telling that they don’t mention that they have told some of their largest Dealer Principals that the biggest current driver of AP growth is their exposure to the widely publicised concerns about EV residual values. From memory, every 1% drop in residual values costs them something like £8m and that has to be clawed back somehow.
