More than 23M Britons think they may be due compensation for mis-sold car loans

It's a really weird one, effectively, car dealerships can offer finance to customers. Generally many of these customers won't be able to get an unsecured loan for the value of the cars they're interested in, which is why they get finance through the dealerships. The dealerships make commission on the finance they sell. They had to disclose this for many years in the finance paperwork. The court case that was lost by a dealership was that the size of the "secret" commission wasn't disclosed to the car buyer who might have sought finance somewhere else had they known. This is all quite unlikely because if you were going to do that, you'd likely have taken out a loan prior to going to purchase the car, which is why this is so odd.

The government is halfheartedly signalling that they may seek to limit through legislation any compensation because it's likely to ruin the UK car lending market which will then kill off what vestiges of car manufacturing still remain in the UK.