Articles by Aimee Turner - Page 5

Car retail brothers Harry and Neal Grainger have opened BYD Mantles in Royston on the site previously occupied by Mantles Kia

Close Brothers resumes new lending after landmark court of appeal ruling

Automotive consultancy Motorvise has celebrated its first decade in business by adding two major motor manufacturers to its client portfolio.

Manheim Auction Services celebrated the highly successful launch of its new Gloucester specialist auction site in October 2024, setting new records in the process.

Auction house BCA achieved record-breaking used car sales volumes in October 2024, building on September’s strong performance.

Marshall Motor Group has opened its new Nissan dealership in Cambridge returning the brand to the area as the city’s only authorised Nissan retailer for new and approved used vehicles, as well as for servicing and parts.

Lenders are ramping up their technology solutions to provide timely, transparent commission disclosures to customers following the recent Court of Appeal ruling on motor finance, iVendi reports.

Online platform Auto Trader has posted strong revenue and profit growth within its core business in its latest financial first-half results for the six months ending 30 September.

The used car market grew by 4.3% from July to September, marking the seventh consecutive quarter of year-on-year growth, according to the latest data published by the Society of Motor Manufacturers and Traders (SMMT).

Chinese newcomer brands Omoda and Jaecoo have recorded sales of over two million vehicles from January to October 2024, with overseas exports reaching 941,275 vehicles, an increase of 23.8%.

Rochdale-based lender Marsh Finance is to integrate iVendi’s point-of-sale (POS) system allowing it to share its finance options with dealers across the iVendi network.

Northern Ireland’s largest car retailers are calling on the region’s authorities to accelerate their efforts to reverse the MOT backlog which they say is impacting public and business confidence amid concerns about road safety.

Manufacturers struggled to hit October new car sales as they scrambled to comply with the recent Court of Appeal ruling on the duty of car finance providers to disclose detailed commission arrangements and secure clear consent from the car buyer, according to industry insiders.

Fast-growing fintech business Bumper is acquiring Telford-based AutoBI, a specialist in business intelligence solutions for dealerships and original equipment manufacturers (OEMs).

Auto Trader will showcase Co-Driver, its new suite of AI-driven auto retail tools, as part of its stand at this year's AM Live.