Vehicle salvage and recycling firm Copart is set to appeal a £2.5 million fine issued by the Competition and Markets Authority (CMA) in relation to its takeover of Hills Motors.
The Competition and Markets Authority (CMA) has handed a £2.5 million fine to vehicle salvage firm Copart for ignoring the regulator's orders.
The Competition and Markets Authority has reversed its previous decision regarding Copart's acquisition of Hills Motors.
The CMA has made its final response to the industry’s questions on new agency models that will define some of the future relationships between retailers and OEMs.
The National Franchised Dealers Association (NFDA) has submitted evidence on the fast-changing automotive sector to the Department for Business and Trade’s (DBT) amid concerns new Block Exemption rules may “leave too much unsaid”.
New competition rules (and guidelines) governing supply and distribution agreements in the automotive sector, came into force in the UK and European Union on June 1, and the National Franchised Dealers Association has.pledged to continue to assess the possible scenarios affecting dealer and OEM relationships.
The National Franchised Dealers Associations (NFDA) has indicated that it is keen to learn what influence new Vertical Block Exemption Regulation from the European Commission (EC) will have on the UK’s Competition and Markets Authority (CMA).
Car makers and automotive industry bodies have been raided by the European Commission and the UK’s Competition and Markets Authority (CMA) on the suspicion of anti-competitive conduct.
National Franchised Dealers Association (NFDA) concerns about the impact of the agency model and OEMs’ direct sales on the car retail sector have been laid bare in consultation documents published this week.
The Financial Conduct Authority (FCA) has appointed Competition and Markets Authority (CMA) director Sheldon Mills as its new director of competition.
Three car hire websites are now legally committed to be clear and transparent about the charges customers have to pay after Competition and Markets Authority (CMA) enforcement action.
BCA’s acquisition of SMA faces an in-depth merger inquiry unless it offers a solution to competition concerns in car auctions in Newcastle.
