Remarketing firm Autorola predicts used Diesel values are set to rise on the back of falling new Diesel car sales. Used demand and prices were “very strong” in Q2 and it forecasts the market will eventually reach a tipping point where used Diesels rise in price due to restricted supply.

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Snows Motor Group has taken on the Chinese BYD brand in Basingstoke, joining its BYD Southampton dealership. The new showroom is next to Snows’ existing Peugeot dealership in Aldermaston Road South. BYD models currently available in the UK are Dolphin, Atto 3 and Seal, and are on display. The Seal U DM-i is a plug-in […]

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Gravells Limited saw profit before tax in the year ended December 2023 grow from £2.4m to £4.6m – a return of 3.6%, up from 2.3%. Turnover was also up, from £107m to £130m. The Wales and Hereford retailer said growth has been helped by new value-added products and services, investment in its underlying systems and […]

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Arnold Clark has opened a new Motorstore in Chertsey near London. This is on a former Cazoo site. Brand Director at Arnold Clark, Sammy Ali, said: ‘We’re extremely excited to have opened our first Motorstore near London, especially in a location that’s so easily accessible from the M25 and M3 motorways. Our customers can expect […]

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US retailer Group 1 Automotive has bought Mercedes retailer L&L Automotive for an undisclosed sum. L&L operates four Mercedes agency sites north of London in Hertford, Stevenage, Hemel Hempstead and Bishops Stortford. Group 1 already operates five Mercedes sites to the east of the L&L locations in Cambridgeshire and Norfolk. Commenting on the purchase, Group […]

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Retailers have “clearly communicated their priorities to the next government” and delivered seven key ‘asks’, says the NFDA, ahead of the General Election this Thursday. In a statement, which Auto Retail Agenda exclusively saw ahead of launch, chief executive Sue Robinson said that key issues include the ongoing skills shortage and restimulating the private EV […]

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Cazoo will hold an EGM on 2 July seeking approval for the company’s dissolution. The company warned of risks and uncertainties in the winding-up process, including the possibility shareholders may not realise any value from their shares, and creditors may not fully recover their claims.

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Vertu Motors reported a strong trading performance with car retail sales business up 6.8% for the three months to May for like-for-like. Commercial vehicle and fleet like-for-like had a volume growth of 6.4% while used sales rose 6.7% on a like-for-like basis. The increased volumes included low margin Motability business with margins reduced to 7.4% […]

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As exclusively revealed by Auto Retail Agenda last November, Lotus has switched back to the franchise model for its UK retail network after two years under an agency agreement, according to its retailers. Lotus joins a growing number of brands that have backed away from agency or delayed its introduction – including the Stellantis brands, Ford, JLR […]

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Peter Cooper Motor Group, the Southampton-based dealer, will take on Omoda at its Shirley Road site which hosts VW. The dealer previously held an exclusive Ride & Drive event from 29 May to 3 June, ahead of the official launch of the site. The 5 SUV, which is available with petrol or electric powertrains, is […]

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