News

West Yorkshire based car dealership, Cars 2, has been sold by its Shareholders to an Employee Ownership Trust (EOT). The deal was advised on by Castle Square Corporate Finance and Freeths, with funding from Barclays. The company had a turnover of more than £191m in its last reported annual accounts and this has grown to a reported £220m in 2024. ...

Embracing the Toyota Talent Powered by Autotech Academy internship initiative, Stoneacre sites have welcomed ten interns to date. The initiative bridges the gap between newly qualified Level 3 automotive students and motor industry employers. It equips interns with a toolbox, uniform, and 6-12 month paid internships that lead to full-time employment in over 95% of cases. Toyota provides value-add training ...

The National Franchised Dealers Association (NFDA) has submitted its response the Government consultation on proposals to support the UK’s transition to zero-emission vehicles. In its submission, NFDA emphasised that dealers are fully committed to the transition to electric vehicles, with members highlighting the vital role hybrids can play in bridging the gap between 2030 and 2035. NFDA also stressed the ...

Leapmotor has made its debut in the UK electric vehicle market with the launch of two new models: the T03 small electric vehicle and the C10 midsize SUV. The T03 is pitched as an affordable offer, with a starting price of £15,995, making it the second cheapest electric car in the UK, surpassed only by the Dacia Spring by a ...

The backlog in MOT tests in Northern Ireland may finally be easing, with January 2023 seeing the highest number of tests conducted in a decade. Data released by the Department for Infrastructure (DfI) indicates that January this year recorded the highest number of total MOT tests—including retests—compared to any previous January over the last decade. A total of 101,818 tests ...

The Mazda CX-5 provided dealers with the highest profit potential in the sub-£10,000 retail bracket in January, according to Dealer Auction’s Retail Margin Monitor. The premium SUV had an average retail margin of £2,150. This is the first monthly Retail Margin Monitor since Dealer Auction has split data sets into two brackets: vehicles with a retail value of £0–£9,999 and ...

I do not want to trivialise the personal challenges that people with substance abuse problems and their families face, nor do I want to suggest that the management of our car manufacturers are prone to this condition, but I do genuinely see some similarities within a critical part of our business, and perhaps also similar challenges in terms of kicking ...

Kia has unveiled the EV4, showcasing the saloon and hatchback models. The EV4 reflects Kia’s ‘Opposites United’ design philosophy as it blends sharp, distinctive lines with bold, technical detailing. The design of the EV4 saloon and the EV4 hatchback models ensures both look at home on urban streets or continent-crossing adventures. Karim Habib, Executive VP and head of Kia global ...

Toyota and Lexus dealer group Steven Eagell is improving its employee benefits package, increasing basic salaries to £30,000 for the first 12 months for all sales and aftersales roles. Additionally, maternity, paternity, adoption and sick pay have been enhanced. The Ggoup also increased its annual leave allowance, ensuring a better work-life balance for its colleagues. The group has also launched an ...

Motor Trader caught up with David Kateley – Director Automobile at the Suzuki GB head office in Milton Keynes. In the reception area, the renowned Suzuki Swift and racing legend Barry Sheene’s LJ80 4×4 Suzuki Jimny occupy pride of place. Just beyond, a door leads to training rooms and workshops where the skills of dealers and technicians are honed. Kateley, ...