Inchcape PLC has confirmed it has had several approaches to sell its UK retail division. In a Stock Exchange announcement, the global business said: “Inchcape confirms that following approaches from a number of interested parties it is reviewing strategic options for the UK Retail business, which potentially could include a sale. This review is at […]
Read More →Hyundai has chosen Ohme as its new official charging partner, Auto Retail Agenda can exclusively reveal. Hyundai retailers will now recommend Ohme smart chargers for EV sales. “Its technical innovation and extremely high levels of customer service make for an ideal partnership,” said Hyundai and Genesis UK president Ashley Andrew. Hyundai joins Mercedes-Benz, Volkswagen Group […]
Read More →Grainger Motor Group founders, brothers Harry and Neal Grainger have acquired East Anglian dealer group EMG Anglia. Based on EMG’s latest statutory accounts, showing £116 million turnover, the deal means that Grainger Motor Group is quickly approaching the threshold of the AM100 rankings of the UK’s largest franchised motor retailers. “The longstanding, successful EMG business is […]
Read More →Barnetts Lexus and Toyota’s new £10m Dundee showroom has finally opened after a 41-day delay. It was caused by failing to obtain a safety certificate from the fire service following a dispute around a fireproof ceiling. Dundee City Council also refused to give certificates until the issue was resolved. The retailer has since opened after […]
Read More →Bolton’s Wilson & Co Vauxhall suffered more than £30k of damage last month after ‘car cannibals’ broken into a storage compound three times and stole bonnets, bumpers and headlights. Owner Robin Wilson criticised the lack of response from police, after a witness who reported the crime was told it was not an emergency. A week […]
Read More →Motor finance sales are to come under a new investigation by the FCA which has said it will use its powers under the Financial Services and Markets Act to review historical car finance commission agreements and sales. “Significant dispute” It follows a high volume of complaints and “significant dispute” between some car finance firms and […]
Read More →The used car market has entered 2024 on a firm footing, according to Auto Trader, with consumer demand, speed of sale and transactions all in a “robust position”. This is despite the latest Retail Price Index revealing a 5.6% year-on-year contraction in values to £17,064, “suggesting recent trends in trade prices are now flowing through […]
Read More →Phil White Steps Down as Vantage Chairman Vantage Motor Group non-executive chairman Phil White is stepping down from the board this month. White, the former chairman of Lookers, is expected to hand over full control and ownership of the Group to Tim Swindin, CFO and Andrew Mallory, COO. With an annual turnover of £206.9m, Vantage […]
Read More →