Motor Trader The award-winning and longest running UK magazine for car retailing professionals. Your first stop for News, Jobs and Reports for the motor industry.
Vertu Motors, number eight in the Motor Trader Top 200, will launch a graduate recruitment programme in 2011. The dealer group said it aims to recruit four graduates and place them on a programme combining an MSc in Automotive Retail at Loughborough University and a development programme within its business.
Read More »SsangYong acquired by Mahindra for $463m
Mahindra & Mahindra, the Indian carmaker, has acquired a 70 per cent stake in SsangYong and has announced plans to build a global SUV company. The deal, valued at $463m, is expected to bring to an end a period of uncertainty for the Korean 4X4 manufacturer, which had been placed into administration by a Korea court earlier this year. The purchase is expected to be completed in March 2011.
Read More »Hodgson Mazda invests in AutoPod dealership
Newcastle-based Hodgson Mazda has invested in the UK’s first ‘AutoPod’ an eight-storey glass tower that can display 32 cars.
Read More »SMMT president rounds on banks
The outgoing president of the SMMT, Joe Greenwell, has rounded on banks for continuing to provide insufficient credit for automotive companies. “We remain frustrated with the struggles we face in accessing affordable credit, particularly by those companies in the supply chain who have such a vital role to play in our growing low carbon industry,” he said at the society’s ...
Read More »IM Group’s Bob Edmiston joins the Lords
Bob Edmiston, the founder and chairman of the IM Group, has become a peer.
Read More »Dealers face dilemma on used car stocking
Dealers are facing a dilemma of whether to buy in used car stock now or wait until January, according to Glass’s Guide.
Read More »Off-roaders top residual charts – GLASS’S
Off road vehicles hold their values better than most other vehicles, according to research carried out by Glass’s Guide.
Read More »Dealers rally in latest Motor Trader Top 200
The last financial year proved to be better than anticipated, according to the latest Motor Trader’s Top 200 survey.
Read More »Peugeot dealer placed in administration
Howes of Fakenham, the family run Norfolk Peugeot dealership has been placed in administration. The £3m turnover business
Read More »Fiat returns to US after 27 years
Fiat is returning to the North American market in January 2011 for the first time in 27 years. Fiat, which owns Chrysler, will initially sell the 500 as a competitor to the Mini through selected Chrysler dealers. Participating dealers based in conurbations, mostly on the east and west coasts, will devote showroom space to an Italian themed Fiat Studio area.
Read More »