Editor’s Choice

SLM Group has announced that four directors have successfully completed a management buy-in. Mark Phillips, who became managing director in 2019, Gus Wakeford, Jason Barlow and Will Woods completed the buy-in earlier this year. In a statement it said: “Alongside existing family shareholders, the Board of Directors aim to secure the expertise of the current management team and foster confidence ...

September, which is the second biggest sales month of the year, saw carmakers push hard to pump cars through the system. Brands that delivered triple-digit growth included SEAT (+177.4%), Subaru (+137.9%) Suzuki (+121.5%) and Lexus (+117.5%). In a new car market that saw overall sales up 21%, some brands found the going tougher than others. DS was the worst performing ...

Stellantis UK has announced a raft of management changes at the company. Jules Tilstone (pictured) is appointed managing director for Premium Brands – Alfa Romeo and DS Automobiles, replacing Julie David who is retiring. Replacing Jules in his current role as managing director for Jeep will be Kris Cholmondeley, currently marketing director for Peugeot.  Replacing him in this role at ...

Pendragon has received a new offer from Hedin Mobility Penske to jointly acquire the business valued at 32 pence per share. The offer is subject to the completion of due diligence, antitrust approvals and external debt financing. Pendragon said it will consider the revised proposal and consult with its shareholders and provide an update in due course. The original proposal ...

Dealers had a lack of confidence in government that it could deliver the necessary support the industry needs to achieve the 2030 deadline ICE sale ban. That’s the view of the National Franchised Dealers Association (NFDA), which represents car and commercial retailers across the UK. It surveyed its members last month and found that 60% of dealers supported an alignment ...

Auto Trader has revealed the used used cars that increased the most in value in September and those that fell furthest year on year. The Vauxhall Anara showed the sharpest appreciation in value year on year, up 20.4% to £5,470. It was closely followed by the Renault Scenic, which rose 18.9% year on year to £6,315, In third slot was ...

Guy Bird The 2030 ban on new car sales of petrol and diesel-engined vehicles in the UK as part of ambitious laws to reduce domestic greenhouse gases has been well-publicised for several years. But the Government’s Zero Emission Vehicle (ZEV) Mandate designed to galvanise the industry into making steady progress towards that 2030 moment – and by doing so, giving ...

By Martin Gurdon MG Motor plans to complete its UK dealer network by the end of 2023, filling nine open points, according to its commercial director Guy Pigounakis. “We will fill every major open point we have in the UK,” said Pigounakis, adding that his company had benefitted from established manufacturers appearing to look at moving away from traditional franchising ...

 Perrys Group saw profits fall 69.4% to £3.66m in 2022 on turnover up 7% to £643m in what it described as a “tough trading” environment. The performance was impacted by rising interest rates and used car supply issues and the withdrawal of government support post pandemic. Operating profit before exceptional items was £5.2m down from £9m in 2021. This represented ...

Lithia & Driveway, the US listed dealer group which bought Jardine Motors from Jardine Matheson in March this year has hit the acquisition trail again in the UK. The company has bought Arden Motors representing BMW, MINI and Motorrad in Maidstone and Tunbridge Wells. It joins Jardines existing BMW & MINI locations in Bury St Edmunds and Milton Keynes. Jardine ...