Several Subaru dealers have fallen out with importer IM Group over poor sales of the Impreza and their 2008 sales targets with some claiming they are terminating the franchise, according to the news story in the January 11 issue of AM.
Despite poor market conditions in 2007 – pressures from the credit crunch, the demise of Northern Rock and falling house prices – Black Horse remains optimistic about 2008 and the future of the point of sale market.
Cambria Automobiles has acquired 15-site Summit Auto Group from Japanese business enterprise Sumitomo for an undisclosed amount.
SsangYong’s new UK boss Paul Williams wants 3,000 registrations this year and makes 10,000 annual sales “a medium-term objective”.
Tata Motors, the lead bidder for Ford’s luxury Jaguar and Land Rover brands, has unveiled the world’s cheapest car called in a bid to get poorer families into cars.
The merger of Nanjing Automobile Corporation (NAC) into Shanghai Automotive Industry Corp (SAIC) brings together the assets of MG Rover under single ownership.
The British Vehicle Rental and Leasing Association has reacted spikily to EurotaxGlass’s claim that used car prices will take a £400 drop this year.
Dan Parnell has been promoted by CAP to the role of key account manager for the company’s finance customer sector.
Audi has revealed details on its most performance-focussed TT yet.
Motor warranty and insurance specialist Car Care Plan sold more than one million policies during 2007, the first time annual sales have topped seven figures.
Buyyourcar.co.uk is offering new car sales leads to dealers for £5 each through a free online service.
Former Inchcape managing director Graeme Potts has returned to car retailing with the acqusition of five Vauxhall outlets from his former employers.
Black Horse has announced that John Woolley will stepping down as managing director of motor and leisure finance at the end of March.
Devon-based Exway Coachworks Group, the independent collision repair specialists, has become the first British company to receive Thatcham BSI Kitemark (PAS 125) certification for all of its sites.
Bentley Motors has appointed Valley Forge UK to provide its dealer advanced apprenticeship programme for the next three years.
Seat has replaced its optional factory fit satellite navigation system with an improved system for the same price.
The Bank of England has held interest rates at 5.5% after lowering the figure in December.
Over half (54%) of the UK’s automotive industry directors are now under the age of 50 according to figures from Experian, the global information services company.
Manufacturers are still not doing enough to reduce carbon emissions. Average CO² performance in the car industry has only improved by 1.16% since 2006, according to www.cleangreencars.co.uk.
Škoda has unveiled the first official photographs of its new Superb ahead of its debut at the Geneva Motor Show on March 4.
A special sale conducted by BCA on behalf of the BMW Group has broken the UK record for the highest auction turnover in a single sale at £9.5 million.
Thatcham will open its first regional training centre specifically targeting vehicle damage assessment next month.
Pop-singer Mika will headline the UK launch of the Fiat 500 on January 21.
Ford is offering two dealer-fit performance options for its Fiesta ST customers in the UK.
GMAC UK has appointed Dennis Foley as its new managing director of sales and marketing.
Bentley has launched its own on-line recruitment system to enable applicants from around the world to apply for positions at the luxury manufacturer.
CAP is offering benchmark valuation via text to dealers with its Valuation Anywhere service.
The number of automotive businesses going bust last year dropped by 22.3% according to the latest insolvency figures from Experian.
Ex-SMMT chief executive Christopher Macgowan has joined Courland Automotive Practice as its non-executive adviser for its London office.
A total of 181 Legends were registered in the UK in 2007 after Honda insisted that all 160 dealers operate a demonstrator.
