sixth open letter to our dealers

why MotoNovo is the team to lead the fight-back

As we draw closer to the media launch of our ground-breaking platform in January, I wanted to share with you why I believe so passionately that this initiative is the right thing for motor dealers – and why MotoNovo Finance is so well suited to lead such a bold and ambitious change

Over the last decade we have made many outstanding achievements:
  • Grown our market share from under 2% to over 20% – something we couldn’t have accomplished without our dealers;
  • Proven our ability to transform and disrupt an established finance market dominated by iconic brands;
  • Taken MotoNovo Finance from a new brand to a multi-award winning market leader;
  • Innovated continuously, bringing dealers new technology to make finance faster and more accessible;
  • Helped dealers to adapt to new regulation.
Where others see challenges, we have always seen opportunities...

Our industry needs to evolve, or the role of the dealer could become increasingly marginalised. MotoNovo Finance is the business that can help dealers adapt to this change. Our approach to car sales aggregation is based upon three truths:

  1. A car sales aggregation business is nothing without dealer stock;
  2. All the power rests with dealers – without their stock there is no aggregator;
  3. This power needs to be realised by current aggregators and dealers alike.

Together we can lead the revolution needed for this increasingly dynamic marketplace. By working in a co-operative spirit and harnessing dealers’ power, the dealer industry itself can create its own, better, future

We need your support – the success of will only be limited by the capacity of dealers
to support it. MotoNovo Finance has already proved it is a catalyst for positive change; join us and be a part
of the feel good car buying and selling revolution.

Best Wishes

Mark Standish
Group CEO

Click to download the full letter in PDF

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©2018 MotoNovo Finance.

MotoNovo Finance, a division of FirstRand Bank Limited (London Branch). Registered in England (Branch Reg. No: BR010027) at Austin Friars House, 2-6 Austin Friars, London, EC2N 2HD. FirstRand Bank Limited is authorised and regulated by the South African Reserve Bank. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. FirstRand Bank Limited (London Branch) is a branch of FirstRand Bank Limited, a public limited company registered with the Companies and Intellectual Property Commission in South Africa (Reg. No. 1929/001225/06) Head office: 4 Merchant Place, Corner Fredman Drive and Rivonia Road, Sandton 2196, South Africa