Providing car loans and other forms of motor finance is a critical role of dealerships that must continue in the future as buying habits and technology advance, believes Mike Allen, the managing director of Cambria Private Capital, a firm that invests in and provides advisory services to automotive startups and scaleups.
Mike Allen, former automotive analyst and now MD of Cambria Private Capital, shares views on technology playing a crucial role in connecting the buyer to the dealer
Marshall Motor Holdings has sold its leasing division, Marshall Leasing, for £42.5m to Bank of Ireland.
BCA’s acquisition of SMA faces an in-depth merger inquiry unless it offers a solution to competition concerns in car auctions in Newcastle.
Top AM100 dealer group Pendragon has reported a pre-tax profit increase of 6.6% over Q3 in its latest interim update.
Lookers has reported continued improvements in all areas of its business during Q3 this year, boosted by a strong September.
New car registrations in the UK reached their highest-ever September total last month.
Car dealer group Cambria Automobiles expects its results for the year to August 31 to be ahead of expectations.
Vertu Motors reports that overall revenues from the five months trading to July 31 are up 5%.
Car dealer Vertu Motors has this morning reported a 23% increase in turnover and profit before tax up 33% year-on-year for the 12 months to February 28.
