Two of the UK’s largest used car supermarkets look set to become one as Peter Waddell’s Big Motoring World is understood to be in the process of buying rival Available Car. Auto Retail Agenda understands that senior staff have been called to a meeting today (Thursday, 31 August) to be told about the takeover. Peter […]
Read More →Canada’s Alpha Auto, through its UK entity Global Auto Holdings, has increased its takeover offer for Lookers to 130p a share. Global Auto Holdings, referred to as Bidco, has also announced that the increased offer will switch to a takeover offer for Lookers. Today’s takeover offer differs from the original scheme offer in the way voting for […]
Read More →Tom Kilroy, James Smullen and Charlotte Murray are confirmed as the speaking panel for the next Auto Retail Network webinar. Keyloop CEO Tom Kilroy, Waylands director James Smullen and Marketing Delivery commercial director Charlotte Murray will discuss the technology in retail revolution in an exclusive, free-to-join webinar which will take place on 27 July. Key […]
Read More →The Society of Motor Manufacturers and Traders (SMMT) has called on every political party to recognise the strategic importance of the automotive sector to the UK. The SMMT has created and launched “Manifesto 2030: Automotive growth for a zero emission future”. The Society hopes to create the conditions for a 10-fold rise in annual battery […]
Read More →The German eLCV brand B-ON are set to offer commercial fleets a greener alternative to traditional ICE delivery vehicles in the UK. International Motors Limited aims to established 25 dealerships by the end of 2023. Each site will be offering the B–ON franchise, with plans for further expansion of the network in 2024 and the […]
Read More →Lookers is set to be bought by Canada’s Alpha Auto Group, via a UK entity called Global Auto Holdings, in a £465m deal. The deal by the privately owned Canadian retailer network was first announced by Sky News and has been confirmed this morning. It is an all-cash offer for Lookers by the bidding vehicle […]
Read More →The supply of used cars priced over £150k on Auto Trader has “increased exponentially and outpaced demand in the last year”. The number of cars is up 42% year-on-year – but enquiries have fallen 4%. It now takes 80 days to sell cars priced over £150k, a full 24 days slower than the 2022 average. […]
Read More →Vertu Motors is set to implement a new group-wide used car pricing system called Vertu Insights. It will not only provide real time used car valuations but also track each dealership’s pricing against the group strategy and divisional valuations. While local business managers will still be able to determine forecourt pricing, the new software will […]
Read More →Pendragon has been named the leading launch partner of BYD as the Chinese carmaker releases its Atto 3 EV in the UK this week. The UK’s third-most profitable dealer in the Car Dealer Top 100 is opening the first of its BYD sites in Birmingham and Milton Keynes today. The new sites will be launched under […]
Read More →The EU has passed a law that will mean all cars sold after 2035 must be zero-emission. Germany was granted an exemption for cars running on e-fuels, although e-fuels are not currently produced at scale. The new law will also require all new cars sold to have 55% lower CO2 emissions from 2030, compared to 2021 […]
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