Used car supermarket group Big Motoring World, is consolidating its two Peterborough dealerships into one site. Its north Peterborough dealership in Werrington had been its prestige brand specialist, while its Fengate dealership in the south of the city focused on mainstream cars. Both were SW Car Supermarket sites which Big Motoring World acquired in 2021. This […]
Read More →China new entrant Chery is “weighing up the possibility of building cars in the UK,” according to UK head Victor Zhang. It is already preparing to build cars in Spain, at a former Nissan factory. “For the UK, we are also evaluating. To be honest, we are open for all options and opportunities.” Chery’s Omoda […]
Read More →More than half of auto retailers say they disagree with the proposed reinstatement of the 2030 ban on the sale of new petrol and diesel cars, reveals Auto Trader research. The new Labour government vowed to reinstate the ban on non-hybrid ICE cars, after the Conservative government pushed it back in October 2023. The research comes as […]
Read More →Carwow has secured backing from Bessemer Venture Partners, one of the world’s oldest venture capital firms, in a funding round that values the online marketplace at £250m. San Francisco-based Bessemer was an early backer of LinkedIn and Pinterest. Existing shareholders Accel, Balderton, Episode 1 and Vitruvian also invested in the funding round of $52m. Chief […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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. […]
Read More →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.
Read More →Marshall Motor Group has appointed two new group MDs who will divide the retailer’s brands between them, in a move believed to be similar to that of Pendragon with its Stratstone and Evans Halshaw branches. Mark Robinson, former CEO and founder of Vantage Motor Group, and Trevor Fussey, former Stratstone boss, were last week both […]
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