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Author Archives: Jasleen Mann

Keyloop appoints new chief revenue officer

Keyloop has appointed Megan Harvey as the company’s new chief revenue officer (CRO). As CRO, she will oversee Keyloop’s teams and processes related to revenue. She will lead the sales division to maximise and drive new opportunities within Keyloop’s customer base. Harvey said: “Now, as Keyloop brings the industry’s first Automotive Retail Platform to the market, and the sector looks to harness more ...

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Chorley Group supplies local bakery with Nissan vans

Chorley Group has supplied a local bakery in Lancashire with Nissan Interstar Luton vans. Two Nissan Interstar Luton vans have been specially adapted for use by a bakery. They are now in daily use by Morris Quality Bakers, located on Baker Street in Chorley, which was founded over 100 years ago. Robson Broomhead, corporate centre manager at Chorley Group, said: ...

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SMTA calls for ‘significant’ government incentives

Sales of new cars in Scotland has grown by 3% for the year to December 2024, according to the Society of Motor Manufacturers and Traders (SMMT). Almost every region across in Scotland improved their sales output, with Dumfries and Galloway and Fife leading the way at 9.4% and 9.3% respectively. Although Central shows a yearly decline, Scotland has performed ahead ...

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Prices of second-hand AFVs rose in Q4 2024

Prices of the UK’s most popular used electric and hybrid vehicles rose in Q4 2024 which signals softening of market volatility, according to AA Cars. The average cost of the top 20 most searched for EVs and hybrids crept up 1% to £19,143 in Q4, compared with a 16% annual drop in Q3 2024. However, prices are still 10% lower ...

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Autorola forecasts rise in used car prices in 2025

Used car prices will rise in 2025 as a result of a shortfall of cars compared with pre-Covid levels, according to Autorola. As a consequence of Covid-19, the market saw just 1.61m new cars registered. Now, 2025 may face a shortfall of between 500,000 and 700,000 used cars and prices rising because demand exceeds supply. Neil Frost, Autorola UK’s country ...

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Startline secures £475m credit facility from J.P. Morgan

Startline Motor Finance has secured a five-year £475m credit facility from global investment bank J.P. Morgan. This is the sixth renewal and upsize of its type between the two companies. Paul Burgess, CEO of Startline, said: “A five-year deal of this kind is quite unusual in the motor finance sector and, we believe, is a vote of confidence and ensures ...

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Cox Automotive wins 5 year contract with Lookers UK

Cox Automotive has won a five-year supply contract with Lookers UK to deliver its remarketing programme. The fully integrated remarketing programme brings valuation, auction and logistics solutions together. A spokesman for Lookers said: “Evolving our remarketing strategy to encompass a dual approach to digital and physical opportunities is a key priority for our business in 2025. “We believe this will ...

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Paul Philpott on Kia UK’s record-breaking year

Kia UK’s total volume in 2024 reached 112,252 units sold with a market share of 5.7%, making Kia the fourth best-selling brand overall, according to the Society of Motor Manufacturers and Traders (SMMT). Kia’s EV lineup has earned various accolades, receiving 68 awards throughout 2024. The new EV6, EV9 and Niro EV, welcomed the EV3 to the Kia product lineup ...

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Customers skip repairs due to rising costs, says Motor Ombudsman

The Motor Ombudsman’s poll revealed that rising operational costs, taxes and utility bills will pose the biggest challenge for 89% vehicle repairers this year. Businesses may encounter greater financial strains in 2025 when compared to the previous 12 months, says The Motor Ombudsman. Bill Fennell, chief Ombudsman and MD of The Motor Ombudsman, said: “Our latest survey of businesses in ...

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