Grant Thornton mergers and acquisitions team has clinched another significant deal in the automotive sector with the sale of national tyre fitter and retailer Just Tyres.
The UK car market - as one of the largest in Europe - is set to become a critical battleground for Chinese automotive brands following the EU's new tariffs on Battery Electric Vehicles (BEVs).
A session at AM Live in November invited leading industry experts to discuss the motivations behind Chinese EV manufacturers targeting these markets, the challenges they face, and their potential impact on the UK dealership community.
Fleet Assist is launching a new service, maintenance and repair (SMR) proposition to cater for the growing number of new OEM brands set to launch in the UK over the coming 24 months.
Europe’s established car manufacturers should be braced for an electric vehicle (EV) “price war” ahead of an influx of new brands in 2023 and beyond, according to Grant Thornton.
Car retailers will need to brush up their knowledge of car manufacturers’ advances in electric vehicle (EV) battery technology advances to avoid a slump in value set to impact so-called ‘black cars’.
Car retail businesses have been told to focus on gross profit and cutting expenditure as a period of ‘stagflation’ is ushered in by sustained inflation and rising unemployment.
The car retail sector should be braced for a prolonged period of uncertainty as OEMs impacted by Russia’s war in Ukraine battle to deliver vehicle supplies and consumers “grapple with a cost-of-living crisis”.
The car retail sector is facing a “perfect storm” of economic and political headwinds as UK inflation hits 7% - threatening to dent consumer confidence.
Cox Automotive and Grant Thornton have made their predictions for the automotive retail market as part of its Insight Report for 2021.
A study by Grant Thornton and Cox Automotive reveals the impact of coronavirus countermeasures on vehicle manufacturers and their abilities to mitigate the effect.
A Brexit briefing is to be provided by the Vehicle Remarketing Association (VRA) in its penultimate 2021 Outlook Seminar.
Lookers has reported that trading in Q3 resulted in underlying PBT “significantly ahead of last year” to largely offset losses recorded in a COVID-19 impacted first half of 2020.
Estar Truck and Van have acquired certain parts of the Roanza Mercedes-Benz commercial vehicle franchised dealership goup and its subsidiary Premier Vehicle Rental Limited – saving 340 jobs.
The investigation into fraud at Lookers has exposed a £19 million ‘black hole’ resulting from overstated supplier bonuses, fraudulent expenses claims and the inconsistent application of policies, processes and accounting standards.
Lookers will close a further 12 car dealerships and cut its employee headcount by up to 1,500 as part of a restructure plan aiming to make annual savings of £50 million.
Despite severe political and economic headwinds, the UK car market will still have more than 10m sales during 2019, according to Philip Nothard, the customer insight and strategy director at Cox Automotive UK.
There’s a saying in the cyber security industry about cyber attacks: “It’s not personal’’.
Cox Automotive and Grant Thornton have delivered analysis of diesel car sales, vehicle ownership trends and continued retailer consolidation ahead of Brexit after teaming-up to produce an automotive sector Insight Report.
Peer-to-peer lending company RateSetter has acquired sub-prime vehicle finance provider Vehicle Trading Group out of administration.
