Bumper, a payment specialist, have announced their intention to grow sales by a further £460m by the end of this year after achieving £500m in April. Some dealer groups who are now offering interest free loans to customers for car servicing through Bumper. Glyn Hopkin, Yeomans, Sinclair and Ancaster are among those offering the deal. […]

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The first Fisker retailer has opened in Nottingham, as the new entrant goes from a direct sales to a hybrid sales model. A Lotus and Morgan retailer, Central GB, is the first Fisker retailer partner in the UK. In a battle to stave off bankruptcy Fisker is currently undergoing a restricting.

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Vertu has given a positive outlook for the year ahead despite “stalled” EV demand in its latest full-year results. In line with market expectations, the group revealed an adjusted profit before tax of £37.8 million, down on last year’s £39.3m for the year ended 29 February 2024. Turnover for the group hit a record £4.7 […]

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Mark Robinson, the former Chief Executive and founder of Vantage Motor Group, has been appointed Group Managing Director of Marshall Motor Group. Robinson had been interim Group Managing Director at Marshall Motor Group for four months until this became a permanent role. “After four months in the interim role of Group Managing Director at Marshall […]

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Following fears the new ICE market may slow in the second half of 2024, due to potential sales restrictions from brands eager to meet ZEV Mandate targets, there are fresh hopes used cars could take up some of the slack for retailers. Although Cox Automotive is maintaining its baseline forecast of 7.4m used cars sales in 2024, […]

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Suzuki GB has appointed Jon Coles as its new general manager for dealer development. He will take on responsibility for all four dealer divisions which are Automobile, Motorcycle, Marine and All-Terrain Vehicle (ATV). Taking over from Mark Hallam who retired in March, Coles will lead a team of eight and will be responsible for all […]

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Chippenham Motor Company has been put on the market for offers in excess of £5m. Sanderson Weatherall is handling the sale of the site on Bumpers Way in Wiltshire. The Wiltshire site, which was recently refurbished at a cost of £1.1m, extends to 1.9 acres, with 25% building coverage. It commands an annual rent of £300k, or […]

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North-west retailer Swansway reported a pre-tax profit of £13.4m for 2023. Director, Peter Smyth said, “We are on a strong financial footing with £68m of net assets, and we are poised at short notice to make the most of any opportunities that present themselves whilst the industry consolidates.” Turnover grew from 24% to £941m.

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New entrant VinFast has signed 12 further retailers in the US which will be opening from April 2024. This now makes a total of 18 retailers in the US for VinFast, across seven states. The expansion follows the company’s transition from a direct-to-consumer model to a “capital-light hybrid model with a strong focus on leveraging […]

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Gavin Hydes, Joe Duffy Motors CEO, has upped his stake in Vertu from 3.3% to 4.1%. Joe Duffy Motors is controlled via Irish company, Nivag Holdings. The investment was via Nivag, wholly owned by Hydes. Last November, the point at which investors must notify the stock market, Hydes passed the 3% ownership threshold.

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