The NFDA has raised concerns that replacing current retained block exemption rules (MVBER) with an aftermarket instrument “broadly in line with the status quo” does not go far enough to retain today’s “healthy levels of competition” in UK automotive marketplaces. The draft Motor Vehicle Agreements Block Exemption Order (MVBEO) “may leave too much unsaid”, says […]
Read More →The Society of Motor Manufacturers and Traders (SMMT) has urged the government to act swiftly in order to secure the long-term future of the automotive sector. The SMMT considers automotive to be one of the country’s most important assets. Return to Growth The timing of the push comes as the sector begins its recovery from […]
Read More →Rybrook Automotive Ltd, which calls itself one of the largest privately-owned retailer groups in the UK, has posted an £11.8m profit before tax for the year ended December 2021. This figure represents an increase from £1.4m in 2020. Turnover grew from £660m to £802m. In October last year Rybrook returned to the full ownership of […]
Read More →A new report from Auto Retail Network will be discussed by industry experts next month. The report examines the significant changes manufacturers and consumers are set to undergo with rising online communications and the switch to agency. A webinar on 12 July, in partnership with CitNOW Group will outline what it means for the industry. […]
Read More →Arnold Clark, the country’s fourth largest franchised retail group has acquired Phoenix Car Company. All six dealerships and current staff will be absorbed by the Scottish group. Eddie Hawthorne, Arnold Clark’s chairman & chief executive, said “I can confirm we are working with Phoenix to transfer some business assets and all existing employees. We are also working […]
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