New partnerships help Black Horse report record results

Time 1:41 pm, February 27, 2015

Screen shot 2015-02-27 at 13.26.26BLACK HORSE, one of the UK’s leading motor finance providers and part of Lloyds Banking Group, has reported year-on-year net lending growth of 45 per cent to £6.8billion in 2014, its strongest year yet.

This growth was driven by new partnerships including Jaguar Land Rover and overall strong performance across the underlying business.

Black Horse also added 275,000 new customers across its motor, bike and leisure business during 2014 and has continued to invest heavily in its digital offering.

This, says Black Horse, has provided better finance systems for its dealers, focusing on swift payments to dealers so consumers receive their vehicle of choice in a quick and efficient manner.

Chris Sutton, the managing director of Black Horse, said: ‘We continue to report strong growth and are proud of the progress we have made in 2014.

‘Our progress has been driven by new business growth, meeting strong consumer demand for new and used cars, bikes and motorhomes, offering competitively-priced finance and working closely with motor manufacturers and our dealer community.

‘We are determined to be the motor finance provider of choice for motor dealers and the end consumer and we will continue to invest in new online and mobile technology to meet our customer needs.

‘Our focus remains on our customers and we will continue to offer suitable products in a fair and transparent manner to ensure they achieve positive outcomes. We are not complacent and will continue to work hard to refine our service and products to deliver the right products at the right price.’

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Colin Channon's avatar

Colin is a former editor of Car Dealer. He left the magazine in August 2015.

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