Dealer finance specialist MotoNovo is making its Supplier Direct Funding scheme available throughout the UK. The stock funding scheme includes digital stocking functions that save time and staff costs, as well as direct links with auction partners. Funding for the service grew by 43% in 2023 and is now more than £100m.
MotoNovo director of motor sales operations, Chris Rowthorn, said: “In designing Supplier Direct Funding, we had a clear vision to take time and money out of the traditional used stock funding process. The time required to load stock onto the stocking platform and stock auditing are just two of the repeatable tasks we have been able to remove or reduce by automating much of the process.”
www.motonovofinance.com