MotoNovo Finance has celebrated a 94.5-out-of-100 rating average from almost 290,000 car buyers who have rated its funding product.
Hyundai’s dealerships have been assured they still have a major role to play in the future of the brand after it unveiled plans for further digitalisation of both the new car selling process and aftersales.
Marshall Motor Holdings has reported a 19.5% increase in turnover and a 14.4% rise in underlying profit before tax in a set of annual financial results hailed as “excellent” by chief executive Daksh Gupta.
Cap HPI has responded to dealer demand for accurate specification data for part exchange processes with its Spec Check product.
Former Alan Day apprentice Nick Wells has been awarded with Volkswagen's prestigious Gold Pin after working his way up from 16-year-old new starter to the post of general manager.
The Chancellor of the Exchequer vowed to champion “the great British white van driver” with a review of VED rates and brought forward the business rates review in his Spring Statement 2018. In a speech in the Commons which laid out GDP growth and reducing debt levels predicted by the latest OBR reports, the Philip Hammond said that he aimed to “champion business” with the measures. Addressing the house, he said that a review of business rates would now take place in 2021 in a move that would also usher-in “triennial reviews from then on”. He said this came on top of a review of business rates, which resulted from the Autumn Budget, which he claimed would reduce rates for small business by over £10 billion. An £80 million fund was also announced to help small businesses in their recruitment of apprentices in light of the introduction of the Apprenticeship Levy last year. Mr Hammond said that the move had come in recognition of the “changes the system represents”. In a move that the chancellor would “help the great British white van driver”, the Chancellor said that a review of VED road tax would look to bring in a reduction in expense for the greenest commercial vehicles. The OBR’s latest predictions for economic growth in the UK were revised up from 1.4% to 1.5% for 2018, with 1.3% growth in 2019 and 2020 before a rise to 1.4% in 2021 and 1.5% in 2022. Paul Johnson, at the Institute for Fiscal Studies, moved quickly to dispel any suggestion that the revised forecast was worthy of celebration, however. In a Tweet posted during the Chancellor’s speech, he said: “Against a long term trend of at least 2% a year growth, after poor growth since 2008, and compared with growth across rest of OECD, these are not encouraging forecasts.”
Arnold Clark will attempt to use a newly-launched promotional vehicle to attract young automotive talent to fill the company's 300 vacancies for new apprentices.
Vertu Motors has delivered recognition to its “huge amount of talented game changers” at its annual CEO Awards.
A CarShop survey aiming to deliver insight into the attitudes of women to the car buying process has found that many are at ease with entering a showroom, but do not like to engage in negotiations.
New epyx managing director Aditya Varadpande has said that he will “build on the company’s achievements” to drive growth for the motor industry e-commerce specialist.
Two automotive retailers were named in the Government’s latest list to name and shame employers that failed to pay the legal minimum wage.
Shelbourne Motors has today announced plans for a new £5 million multi-franchise dealership in Newry as the family-owned vehicle retailer celebrates its 45th anniversary.
The best Volvo dealers in the UK collect awards at the Swedish car brand's annual ceremony
Inchcape Retail UK has dropped its Hunters and HA Fox brands in a programme to bring all its 107 franchised dealerships under the same familiar brand.
Aditya Varadpande has been promoted to managing director at Epyx, with “1link development top of agenda”.
HR Owen announced that its bodywork repairer Bodytechnics has been granted official brand accreditation from Lamborghini.
Effective from April 3, Henrik Wilhelmsmeyer will become director of sales and marketing at Rolls-Royce Motor Cars
The 2016 Ford Ka was, on average, the fastest selling used car in February.
The Finance & Leasing Association (FLA) has launched a Motor Finance Specialist apprenticeship.
There have been an increasing number of dealer groups employing former military personnel to take advantage of ‘transferrable skills’.
The team at Stratstone BMW appealed to a customer's love of football to score extra brownie points and lift his spirits after a car accident delayed the handover of his BMW 120.
Honda has confirmed a production version of its Urban EV Concept will be available in 2019.
AutosOnShow is accelerating its expansion plans with the appointment of Jonathan Higham as its new managing director and Jason Jeggo as head of sales.
Lamborghini is preparing to roll out its first approved used programme as parts of plans to prepare its UK car dealers for a doubling of sales volumes following the launch of its forthcoming Urus SUV.
Heavy snowfall caused by the ‘beast from the east’ sparked a sharp increase in the number of online searches for 4x4s, according to Motors.co.uk.
Used car sales grew 5.2% in February, says enquiryMAX Car dealers increased their used car sales by 5.4% during February as new sales faltered, enquiryMAX has found. Analysis of data from over 700 dealers showed new sales dropped by 14.5% during the month, despite a 30% jump in the number of sales leads delivered via manufacturers and a nominal 1% increase in enquiries via the web. The number of leads generated from the service department dropped by 1%, meanwhile. David Boyce, managing director of enquiryMAX, said: “Our latest analysis shows that 2018 is set to be the year of the used car. “Dealers with strong used car operations are maintaining sales momentum in a traditionally profitable area of business. “Cross-selling from the service department to sales is a low cost and efficient route to generating business, and this should be a focus for every dealer.” PCP penetration continued to grow with an increase from 65.8% in February 2017 to 69.5% in February 2018, according to enquiryMAX’s data. The number of sales completed on the first day showed a marginal decline of 1% and the average price of a part exchange increased from £7,727 to £8,659.
Following the release of its Gender Pay Gap Report, Auto Trader has pledged its commitment to attracting women to higher paid technology roles.
Dealerships can now register their interest for the AM Best Dealerships To Work For 2018 programme.
