Eden Motor Group sold 1,000 used cars in July marking a strong performance. The group represents Hyundai, Mazda, MG, Peugeot and Vauxhall, and is currently ranked 58 in the Motor Trader Top 200 Dealer Groups with an annual turnover of £279.9m. Operations Director at Eden Motor Group James Kurd said: “Very proud of the hard […]
Read More →Cinch has opened its first physical store on Bedford Road in Northampton, and another on Tyburn Road Birmingham. Stores will be opened in Manchester this summer with more locations to be announced later in the year. Cinch Chief Customer Officer, Robert Bridge said: “We’re now in our fourth successful year of growth in our online […]
Read More →Big Motoring World has acquired three dealerships from CarShop, Sytner Group’s used car supermarket division. This acquisition follows the opening of three Big sites in 2023 and represents a continuation of Big Motoring World’s aim to achieve national coverage. CarShop’s Norwich and Sheffield sites are reopening with the Big Motoring World branding this month. The […]
Read More →5,000 retailers now use the Motorway platform and, to date, it has sold more than 500k cars. CEO Tom Leathes says the success is through following a fundamentally different business model to Cazoo, operating as a marketplace which now handles 5% of all used car sales in the UK. Leathes now wants Motorway to become […]
Read More →SMMT chief executive Mike Hawes has been awarded an OBE for services to the automotive industry in the King’s Birthday Honours List. After a career in the automotive sector, Hawes joined the SMMT as chief executive in 2013 and has led the organisation through considerable technological structural and geopolitical change. “The past few years have been […]
Read More →Many fleets running EVs and hybrids are experiencing issues with 12v batteries, causing disruptive breakdowns for drivers who might assume such issues should not happen with an electrified car. The Association of Fleet Professionals (AFP) is calling for OEMs to improve the operational efficiency of their cars and address such common fleet problems. This is […]
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 →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 […]
Read More →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 […]
Read More →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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