Automotive retailers are being warned that they may be losing out on finance and car sales by only using finance providers who use automated credit scoring systems.
AM100-listed Perrys Group believes business managers are crucial to its success in maximising finance point of sales penetration.
Dubai International Capital, an investment company owned by the government of the Persian Gulf emirate, has bpurchased a $1 billion (£532m) stake in DaimlerChrysler.
Lance Owen Group has opened a £1m all-makes aftersales centre in Byfleet, Surrey.
According to the latest analysis by Glass's, the residual values of prestige sports utility vehicles (SUVs) continue to outperform the wider used car market, despite recent increases in availability.
Lotus Cars has announced the appointment of Clive Dopson as managing director of its sports car division, effective immediately.
MG Rover Group has launched a new advertising campaign.
Subaru has announced that all its models are to come with three years free servicing as part of a new sales drive.
Hyundai has announced that its Getz 1.1 SE version, which goes on sale tomorrow, will feature free air conditioning and some new colours.
British sportscar maker Caterham is set for increased stability and profitability following a management buy-in led by former Lotus general manager Ansar Ali.
Car supermarket group Motorhouse 2000 is looking to capitalise on the opportunities offered under block exemption by seeking franchise deals with vehicle manufacturers.
Mercedes-Benz retailers will invest in standalone Smart showrooms within two years as more models are launched and sales volumes build up.
Retailers are warned to expect better-informed car buyers from next month following revisions to the publicly-available Parker’s Price Guide, which aims to help consumers assess used car prices more accurately.
Lookers plc has completed its acquisition of the Bristol Trade Centre, a used car supermarket
An on-line legal and tax information news-wire service that is designed to help corporate UK save millions in legal costs, has gone live.
ExxonMobil today announced the VW Group has approved its new Mobil 1 ESP formula 5 W-30 engine oil for VW 504.00 and 507.00 specifications.
BMW has announced pricing details for the latest 7- series flagship range, due for launch this spring with a new range of engines and interior/exterior changes.
PSA Peugeot Citroën and Mitsubishi Motors Corporation are now negotiating a cooperation agreement on an all-new SUV.
AM event to focus on how you get the most from aftersales
The list of finalists for this year’s AM Awards has been decided. Dozens of nominations have been scrutinised by the our judging team, with best selected to go through to the next stage.
The Office of Fair Trading sent shockwaves throughout the automotive industry when it suggested late last year that the new FSA regulations, which came into force on January 14, might be anti-competitive.
Automotive support services company Carter & Carter Group has announced proposals to buy the AA’s technical services operation, which provides training and helpline support to a number of carmakers’ franchise networks.
Retailers could be missing out on an average of £160 in additional work each time a car goes for an MoT, according to new Fiat research.
Factoring Services Group (FSG) says recruiting for its Autocare independent garage scheme is exceeding initial targets.
The organiser of this month’s Aftermarket Show has defended the exhibition following criticism from a number of garage owners.
Tyre distributor Yokohama PTS UK plans to establish a nationwide dealer network for its Advan brand (pictured left), by targeting independent tyre fitters.
The former UK head of Snap-On Sun Tech Systems Richard Tomkins is preparing to launch his own garage equipment business, which is set to compete against his former employers.
Pay is a fine balance between profitability and attracting and retaining the best staff.
The used car market has fallen by £600m (30.7%) in the final quarter of 2004 compared to quarter three, and 5% against the same period of 2003, according to used car database, Cardata.co.uk.
Compliancy Services is warning motor retailers that the FSA isn’t the only organisation likely to identify omissions in their adherence of the new regulations.
