Arnold Clark has acquired family-run North Tyneside retailer Wingrove Motor Company. Founded in 1925, Wingrove was the largest family-owned and operated retailer in the North East. Its sites have now been rebranded Arnold Clark.
Read More →Vertu CEO Robert Forrester says the ZEV Mandate and 2030 ICE ban are “wreaking havoc in the motor sector”. In an op-ed last week, he said manufacturers are “exasperated” by the UK stepping out of line from the EU and US 2035 EV deadline. Ministers have been “caught in the headlights of their own policy […]
Read More →Retailers could see improved profit from finance sales once the legislation around commission payments has been clarified and finalised, according to Auto Trader CEO Nathan Coe. Speaking to Auto Retail Agenda, Coe said the “finance situation will work itself out, in future it will be more transparent and better for the consumer.” He said that finance was […]
Read More →BCA and Lithia have agreed a new exclusive five-year remarketing contract. BCA owner Constellation’s executive chairman Avril Palmer-Baunack said she was “delighted” Lithia’s exclusive remarketing deal will run until 2029 “and that they have trusted and invested in our partnership with their new consolidated UK group of companies and leadership”. Lithia is described as the […]
Read More →Transport secretary Louise Haigh and business secretary Jonathan Reynolds will meet with the auto industry on Wednesday amid reports the government is preparing to relax rules around the ZEV mandate. It comes amid claims the sales quotas “have pushed car makers to crisis point”. Haigh will also attend a bilateral meeting with Nissan today (Monday […]
Read More →Dacia, which currently has 144 retail sites, is preparing for a change in its network structure in mid-2025, says UK and Ireland brand director Luke Broad. The value brand will move to a hub and spoke structure, which will result in a 20% reduction in brand partner sites. “We want to have the right partner […]
Read More →Retailers, OEMs and industry experts have given their views on the opportunity presented by new entrant brands in 2024. This week, the New Entrants Report 2024 will be published, offering invaluable insight and analysis for your business. The report also features full profiles of the 15 most important new entrants to have on your radar […]
Read More →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 […]
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