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Co-op interim motor sales rise 6.3% to £143.6m

Sales at the The Co-op Group’s Motors arm rose 6.4 per cent to £143.6m in the half year to 2 July 2011. Although it did not give an indication of profitability, it said the car business had “performed well given the difficult nature of the market currently, with the slowdown in the economy and increasing consumer nervousness”...

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Dealers incentivised with Monaco trip

Prestige vehicle finance firm Bridford Financial Solutions is offering a trip to Monaco as an incentive to dealers to put finance through its books. Bridford is offering places on the Bridford Dealers Group visit to Monte Carlo for those who sell between £1m and £1.5m of finance through Bridford over the next three months.

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RMI hits back at MoT reports

Workshop

Trade body the RMI has hit back at reports that the government is set to relax MoT rules that compel motorists to pay for an annual MoT test. Reports citing Department for Transport (DfT) sources said it was important to review the scheme given the massive improvements in vehicle technology that have taken place over the past 50 years...

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Limited supplies stabilise used car prices

GenericUsed

Limited supplies of used vehicles are expected to keep prices stable over the next few weeks, according to Glass’s Guide. “This will almost certainly keep prices stable until we see the first influx of dealer part exchanges during the second week in September, “said Glass’s Guide managing editor Adrian Rushmore.

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Bramall increases stake in Lookers

Veteran car dealer and motor trade investor Tony Bramall and his family have increased their stake in Lookers. Lookers said on Friday 19 August Bramall, a non-executive director and his family bought a further 3,800,000 Lookers ordinary shares of 5 pence each at 50 pence per share and on Monday 22 August acquired a further 93,000 Ordinary Shares at 50.75 pence per share.

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