A finance company demanded £2.3 million in compensation from a used car dealer who breached the terms of numerous motor finance loans through a series of “illegitimate side agreements”.
Sytner Group has reported a 1% decline in revenues and 36.6% decline in pre-tax profits in its 2019 annual financial results.
JCT600 is urging automotive sector workers to ditch their cars and battle the winter cold to cover 500 miles in the space of eight weeks as part of a charity fund-raising push for Ben.
Forthcoming Financial Conduct Authority (FCA) changes to the motor finance sector should be embraced as a “promotional and profit opportunity” by used car dealers.
Sytner Group is awaiting a decision on its plans to transform Glasgow’s former Infiniti dealership into the west of Scotland’s first ever Ferrari supercar dealership.
The success of China’s relentless development of new electric vehicles (EV) and charge point infrastructure has put it well ahead of the pack in the global race towards electrification, Jato Dynamics reports.
The Institute of the Motor Industry (IMI) has appointed BP’s Dr Esther Hills and the Rail Safety Standards Board’s Rachel Leech as new non-executive directors.
The Department for Business, Energy and Industrial Strategy (BEIS) will aim to help automotive and retail businesses to prepare for Brexit as part of a series of webinars taking place this month.
Cambria Automobiles were given an opportunity to discuss the challenges facing the automotive retail sector with the Secretary of State for Transport, the Rt Hon Grant Shapps, during a recent showroom visit.
BCA’s average used car sale value at auction remained above £8,000 for a fourth consecutive month after values rose by 6.9% during strong September trading.
Marshall Motor Holdings has reforecast its 2020 performance expectations after a “stunning” September of new and used cars sales – targeting a £15m underlying profit before tax.
Car retailers risk returning to an aftersales famine after the “feast” experienced after the COVID-19 lockdown and the race to catch-up with a backlog of postponed MOTs.
Eight members of staff have tested positive for COVID-19 at Pendragon’s Evans Halshaw Vauxhall car dealership in Wakefield.
The National Franchised Dealers Association (NFDA) has re-opened its Electric Vehicle Approved (EVA) scheme in an effort to help car retailers improve their expertise with zero emissions cars.
Suggestions that Ford car retailers could go out of business as the result of a Brexit-related change to the brand’s VAT invoicing have been branded as “scaremongering”.
