Paul Lowdon has officially taken up his new post as general manager of Vertu Group Fleet following the retirement of long-time manager, David Jewell, last month.
The UK saw Europe’s third lowest growth of 2% against a total market up 8.9% year-on-year according to JATO Dynamics’ report on the region's new car registrations for April.
BMW UK is preparing to extend its award-winning Retail Online offering to new MINI sales and a specialist used platform for both BMW and MINI brands.
Fears about the effects of a flood of used cars in a market propped-up by PCPs could mean that we are currently living in “the good old days”, a financial analyst has suggested.
Arnold Clark’s head of marketing paid tribute to the “quality and creativity” of her team after bringing home the Drum Marketing Awards’ In-house Marketing Team of the Year accolade.
Stocking Plan provider NextGear Capital is celebrating two years of active trading in which it helped traders to secure additional funds to purchase over 75,000 vehicles worth a cumulative £528m.
Volvo Car UK has appointed Jon Wakefield appointed as its acting managing director.
PSA Group plans to double its production of petrol engines by 2019 alongside new investment in hybrid and electric powertrains as part of its Push to Pass strategy.
BMW UK has extended its program of exterior paint finishes for the BMW i8 model with an extensive array of new colours.
JCT600's annual turnover broke the billion pound mark once again as sales rose by 12% to £1.145bn for the year ended December 31st in the business’s 70th year, it has reported.
Peugeot’s pursuit of a more SUV-oriented direction for its ‘00’ looks set to continue with the French brand’s new 3008 model.
Farnell Land Rover are hoping to make waves in the world of water sports after delivering a funding boost to a promising young sailor.
Vertu Volkswagen has begun a £1.4m redevelopment of its dealership in Daybrook, Nottingham.
JudgeService is expanding its workforce and has moved to new premises as the company publishes its landmark 500,000th review.
Visitors to the annual Vehicle Remarketing Association Conference voted 70% in favour of remaining in Europe as senior figures from the financial and automotive sector debated the potential effects of Brexit. A live poll of visitors to the annual event, this year hosted by journalist and former newscaster Ginney Buckley, revealed an overwhelming desire to remain in the common market among those present at Solihull’s Cranmore Park Conference Centre. The live poll saw 26.4% of conference attendees vote in favour of leaving the EU, meanwhile, with just 3.6% stating that they were as yet undecided. The vote came as Jaguar Land Rover director of financial services, David Betteley, Woburn Consulting Group’s financial services consultant Peter de Rousset-Hall and Richard Hill, head of automotive at RBS debated the issue following a presentation from Deloitte senior analyst and economist Debrapratim De. De had told the event that Brexit would “almost inevitably” lead to the reduced availability and the higher cost of finance and a squeezing of the disposable incomes. After stating that the current automotive boom had been built on consumer demand driven by “easy money”, he said that in the event of Brexit: “There would be a short-term credit crunch and 25 to 30% decline of the pound against the dollar. The Euro would also take a hit. “There would be an immediate sell-off in equities and we might see capital flow out of the UK.” De also said that the departure of Britain from the EU, in the event of Brexit, could trigger the “disintegration of the EU”, adding: “There is a growing level of Euro scepticism and nationalism in Europe as a whole and, in a recent survey of European citizens, 48% think that if the UK left the EU others would follow.” But the Deloitte financial experts also said that, in the long-term, Britain could benefit from Brexit, the move creating a “more vibrant, market-driven economy”. He said: “At the moment our economy is strong, our population and industry is growing. I don’t think the world can do without us.” Amongthe panel discusiing the issue of the referendum, Betteley said: “Our corporate view is that we should remain. Europe is an important market for us. We buy a significant amount of components in Europe. We are currently advising all our people to use their vote very carefully.” Hill said: “Britain is often referred to as Treasure Island, but that coincides with periods where the pound is very strong. If that situation changes quite dramatically it would be quite interesting to see what European manufacturers do in terms of sales in the UK given that they wouldn’t represent the large profits that they are seeing today.” This month’s AM magazine will feature the results of a fortnight-long poll of the publication’s online readership which asked which way people would vote in the June 23rd EU referendum. A strong response has allowed AM to break-down details of the age and regional voting demographics, how many people have already made preparations for a possible Brexit and who could be most affected by a potential departure from the common market.
