Vertu Motors (Property) Limited, a wholly owned subsidiary of Vertu Motors plc, has acquired Bristol Street Group Limited for an estimated at £31m in cash plus up to £9m in shares.
The residual value of the new Ford Mondeo, due to arrive in UK showrooms in June, will be significantly higher than that of the outgoing model, and will even outperform those of some of the new car's key rivals.
Facts from the 2006 American motor industry reveal a telling situation. Truck sales are in decline, but car sales are rising.
Six new initiatives unveiled by global DMS supplier ADP to the American market will be plugged into the Kerridge Autoline system and its own DMS product in the UK later this year.
The NADA 20 Group Program brings together dealers in groupings across America.
This year’s NADA convention was not all one-way traffic of companies launching into the UK.
What drives superior performance in car dealerships? According to McKinsey & Company, while brand and size are important profit drivers, operational practices are the single biggest driver.
Company and consumer sales leads generation facilitator Salesgenie.com is to launch in the UK.
Sam Geneen, who is soon to step down as the Finance & Leasing Association’s chairman, has set out the key challenges that lay ahead for its members at the association’s annual dinner in London.
The Strategy Analytics Automotive Buyer Dynamics service has released, “GM and Chrysler: United They Stand, or United They Fall?” which notes the ‘substantial obstacles’ to any acquisition of Chrysler by General Motors.
Volkswagen has revealed the first pictures of its new Volkswagen Golf estate, ahead of an unveiling at the Geneva Motor Show next week.
James Jones, dealer principal at Foursons Mitsubishi, started his business a year ago, having led a management buyout of Holden’s Mitsubishi franchise.
Automotive Skills has won a major bid for a Women & Work project for the retail motor industry – part of a wider funded Women & Work Sector Pathways Initiative.
Name: Simon Cook<br> Company: Mondial UK<br> Job: Automotive director<br> Age: 40ish
Mercedes-Benz and Smart of Hertford has appointed Grant Letzer and Ian Markovitch as sales manager and Smart brand controller respectively.
The latest industry appointements.
MDG Architects has launched a 3D visualization and animation service, M3d, designed to provide artistic support to the architectural and construction process.
The largest Lexus dealership in the UK opened for business on January 24, with Lexus GB director Steve Settle and European vice president Karl Schlicht present to mark the official launch of Lexus Hedge End.
Experian, the global information solutions company, has boosted its automotive division's sales team with the appointment of Hannah Bessant and Angela Curtiss.
Smart of Tonbridge has opened its new showroom in west Kent.
Following its expansion to a nine-dealership group this month, Colt Cars Mid West has appointed Rob Ayland as managing director.
Kia Motors UK has appointed automotive dismantlers Autogreen to manage its end of life vehicles (ELVs).
The Institute of the Motor Industry (IMI) has named 36 of the technicians which scored the highest marks on the first Top Technician 2007 question paper.
This is the visual representation of the new £800,000 Saab and Chevrolet automotive facility to be situated in Wimbledon.
Gordon Brown, Chancellor of the Exchequer, officially launched the start of UK production of Toyota’s new Auris.
A judge has jailed James Munroe, former operations director of Automotive Skills, for stealing £421,000 from his employer.
A highlight of the UK motor retail industry’s calendar was held last night – the 2007 AM Awards.
Mini dealership, Robert Stern, has been named ‘Mini Dealer of the Year 2006’.
Skoda increased pre-tax profits to £335.3 million in 2006, a 41% rise on 2005.
Cathedral Motor Company has had a public censure imposed on it by the Financial Services Authority (FSA) for failures relating to its sale of payment protection insurance (PPI) in connection with vehicle finance agreements.
