Hyundai will reduce its retail partners by almost a third but increase the number of franchise points to 173 over the next four years. Speaking exclusively to Auto Retail Agenda, the brand’s business transformation director, Nick Tunnell, said the manufacturer planned to reduce the number of retail groups it deals with from 75 to 54 […]

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The car industry was apparently warned “more than a decade ago that keyless technology on modern vehicles risked a surge in thefts”. Research found that owners could “expect to find their cars stolen in the future without any sign of entry”. An article in 2012 written by a barrister warned keyless systems could be “successfully […]

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Hyundai has chosen Ohme as its new official charging partner, Auto Retail Agenda can exclusively reveal. Hyundai retailers will now recommend Ohme smart chargers for EV sales. “Its technical innovation and extremely high levels of customer service make for an ideal partnership,” said Hyundai and Genesis UK president Ashley Andrew. Hyundai joins Mercedes-Benz, Volkswagen Group […]

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Despite inflationary pressures, Endeavour Automotive turned in pre-tax profits of £5.5m on £240.7m turnover in the year to December 2022. These results are largely unchanged from profits of £5.6m on £236.4m the previous year. The directors said they were pleased with the performance, especially in light of inflationary conditions with rising energy costs and interest […]

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OEMs who have moved to agency are yet to be fully tested on their skills at selling cars compared to traditional retailers. “The lessons learned are limited when supply is restricted,” said the ICDP’s Steve Young during a panel discussion at the Automotive News Europe Congress. It has been easy for OEMs such as Mercedes-Benz […]

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Vertu has opened two new Hyundai franchise dealerships in the North East in the past week. One franchise takes over Vertu’s former Infiniti showroom in Silverlink, Newcastle (pictured below) and the second will operate as a satellite business in Morpeth, alongside the group’s Ford dealership. Vertu CEO, Robert Forrester, said: “The two new additions represent […]

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The Ancaster Group has expanded further into south-east England after taking over the Hyundai store at the Bluewater centre. The franchised showroom will deliver a full new and used Hyundai sales and aftersales service. Ancaster are making a strategic move to boost footprint in south east England. They already boast the UK’s largest Hyundai dealership in […]

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Isle of Wight retailer, Leslies Motors, is planning to open a new showroom on the outskirts of Newport. Leslies has applied for planning permission to redevelop a yard at Blackwater, formerly used by a plant hire business. The franchise has yet to be announced, but it is understood it will either be Toyota or Hyundai. […]

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St Leonards Motors Group, based in South East England has bought the East Anglian family owned Dingles Motor Group. Dingles had franchises for Hyundai, Toyota, Lexus and Isuzu. Companies House records show Dingles posted a pre-tax loss in both 2014 and 2015 of £270,000 and £455,000 respectively. Turnover for 2014 was £35.2 million and £36.4m […]

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Holdcroft Motor Group has bought ALM Garages in Macclesfield. The acquisition gives Holdcroft their fifth Hyundai dealership, others being in Crewe, Hanley, Stafford and Ellesmere Port. Holdcroft’s Managing Director, Darren Holdcroft said: “Macclesfield is a region where we have wanted to operate for some time. “Macclesfield is a great market and I feel that ALM will complement our […]

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