Volkswagen Financial Services has launched a flexible PCP package to help its dealers fight back against direct lenders which are taking a growing slice of the finance market. Dealers in the Audi, VW, Seat and Skoda networks will use the New Solutions PCP to boost penetration levels for new car sales.
Michael Wilmshurst, a director of automotive trade consultant Troy Solutions, has been appointed chief executive officer of Nationwide Accident Repair Services, replacing Adrian Dunleavy who announced his resignation last month.
In an interview with <I>Global Auto Insider</I>, former head of Ford Premier Automotive Group Wolfgang Reitzle claims that Bob Lutz, General Motors vice chairman, offered him an opportunity to run the Opel and Saab divisions which would have led to him succeeding Lutz after 2004.
General Motors is considering selling Daewoo models alongside Vauxhall cars at its UK dealer network. A GM transfer team, due in the country within a month, will be assessing the opportunities for multi-franchising.
Organisers of the London Motor Show have unveiled a raft of incentives to persuade manufacturers to attend the 2003 event, including increasing dealers' involvement and broadening the show's appeal.
Bentley Motors is to launch a new parts and servicing scheme to capitalise on a market worth an estimated £325m a year. Through Crewe Genuine Parts the prestige carmaker will offer original equipment and servicing expertise for Crewe-built Bentley and Rolls-Royce cars through Bentley's 140-strong authorised dealer network.
The Department for Environment, Food and Rural Affairs (DEFRA) is assessing a report on used parts which concludes that there is significant potential to raise the penetration of recycled parts use in the aftermarket. Consultancy Environmental Resources Management (ERM) found that the biggest barrier to repairers using recycled parts was the lack of professionalism among dismantlers.
MG Rover is changing the name of its parts business, which has an estimated turnover of about £250m, from MG Rover parts to Xpart in a bid to drive business forward.In addition to the name change, the firm has appointed John Parkinson, the former MG Rover sales and marketing director, as Xpart's new managing director.
The Scottish Motor Dealers Buying Group (SMDBG), set up 18 months ago to enable operators to buy services in bulk, is in talks with retailers in England as it looks to build up volume. The group, founded by Paul Barnett, managing director of Dundee-based Barnetts Motor Group, has 18 members in Scotland.
Alliance Automotive UK has bought refinish distributors ATS and ATS Roadfox for an undisclosed sum. Alliance, which already owns the Factoring Services Group (FSG), has acquired the total shareholding for both companies.
The Dick Lovett Group is to take on the Ferrari and Maserati franchises for south Wales and the west of England. Once local authorities give the green light to blueprints for developments, dealerships will be set up in Cardiff and Bristol.
Ford is planning to have 10 Direct supersites in the UK by the end of next year, which will handle the majority of its used car sales for models under two years old. Peoples has opened the first site, a £3m venture in Prescot, near Liverpool. It expects the business to turn over £15m-£17m in its first year, selling about 1550 used Fords.
In a major U-turn, the RAC is now backing government plans to introduce congestion charges on busy roads as “a key element” to avoid future gridlock. The RAC has previously campaigned vigorously against any further taxes on motorists, but its latest report - Motoring towards 2050 - concedes “some form of road charging will be required on approximately 10 per cent of the road network to stop congestion getting worse.”
LSUK, the automotive parts and service supplier which holds the lighting maintenance contract for the Queen's Golden Jubilee ceremonial coach, has been awarded the Royal Warrant. The Sheffield-based operation has long been associated with Royal supply through is parent company Lucas Automotive, which had maintained Royal carriage lighting for decades.
Honda is recalling more than 50,000 vehicles in the UK to fix an ignition switch fault - but dealers will have to wait months for the parts they need to fix the problem.
Volkswagen specialist van centres are each investing around £500 towards set-up costs for the company's recently-launched used van programme. VW says 40 centres from the 90-strong network have signed up, with 10 more expected to follow suit within the next couple of months. They were chosen on size, facilities and location.
Dealers are putting their businesses on the line by signing “crazy” buyback deals, according to one of the UK's largest dealer groups. Camden Motors is warning that automotive retailers stand to lose hundreds of thousands of pounds on the short-term arrangements because the margin for error is tiny.
The Peugeot family intends to allow its stake in the PSA Group to grow to more than 50 per cent, although this is likely to take 10 years to achieve. It currently holds 26.46 per cent of capital.
Bodyshops and garages with courtesy car fleets have been given an unexpected lift by new tax-busting measures available on small carbon dioxide efficient models. An unpublicised section of Chancellor of the Exchequer Gordon Brown's Budget in April revealed that companies purchasing cars with CO2 emissions of not more than 120g/km will be able to offset the full cost of the vehicle in the first year against profits.
Zurich Insurance has dropped a mandatory requirement for its 260 approved repairers to be members of the Motor Vehicle Repairers Association after the trade body lost its association status. At roadshow meetings detailing its new work contract, the insurer told bodyshops it intends to use the MVRA to monitor standards across the approved network but they would no longer be required to pay £1500 for membership of the trade body.
The long expected slowdown in retail activity has happened - no surprise with the World Cup and Jubilee holidays in a traditionally quiet period. The response from some has been to bolt down the hatches, cut advertising budgets, refuse to purchase fresh stock and look for other ways to cut spending.
The availability of large numbers of one-to-three-year-old low-mileage cars is having a massive impact on ex-lease high milers. Those with 80,000 plus are a burden to some fleet and auction vendors. Those which had contracts extended and now exceed 100,000 miles are even more burdensome.
Citroen C5 and Renault Laguna are roomy, modern rep-mobiles. But they have yet to make an impact on private buyers, and used values are easing as a result. The jury is still out on reliability, but both are well equipped and easy to drive, with fleet-cheap service and parts costs.
The charismatic Alfa 156 is a stylish alternative to the Audi A4, BMW 3-series and Lexus IS200. A great deal less expensive, too. A 99S 1.8 TS with 42,000 miles is £8,500 privately.
The Hyundai Trajet and Kia Sedona are popular with large families and private hire drivers alike. What these big MPVs lack in character, they more than make up for in equipment and ease of ownership.
Latest figures from Alliance & Leicester show car prices in April dropped for the fifth consecutive month, falling 2.5 per cent year-on-year. In real terms, cars are now a third cheaper than in June 1998.
Motor World managing director John Mousell is believed to be considering a bid for Halfords, the retail car parts and cycle store chain.
The Vehicle Builders and Repairers Association's pre-tax profits last year slumped by 72 per cent to £15,399, compared to £54,085 in 2001. Turnover dipped 1.67 per cent to £698,244.
Renault has slashed the cost of genuine wear and tear replacement parts for its three-to-10-year-old car parc by up to 60 per cent.
Shareholders at Trinity Supply Chain, which trades as Nationwide Auto Service, were this week due to vote on placing the company into liquidation.
