Tag Archives: CV

Cox Automotive has launched a first-of-its-kind appraisal and valuation tool for LCVs. A question set relating to commercial vehicle specs and condition informs an accurate trade-in valuation. The question set aligns with the new NAMA condition grading for LCVs. Stuart Perham, CIO at Cox Automotive, said: “This is a significant development for the wholesale commercial vehicle sector, overcoming a historic ...

The van market is proving resistant to electrification with a “lack of curiosity and awareness” among potential buyers. That’s the view of Dionne Hanlon, senior editor for commercial vehicles at cap hpi, speaking at a Vehicle Remarketing event. The low sales of electric vans is a problem for van makers who are legally bound to have 10% of vans sold ...

Motor Trader is delighted to announce the launch of the Motor Trader Commercial Industry Awards, which will take place at the Hilton Metropole NEC on 29 April 2025. The Motor Trader Commercial Industry Awards cater for dealers, suppliers, and service providers in the motor transport arena. The awards take place on 29 April, the evening of the first day of ...

Double cab pickups with a payload of one tonne or more will be classed as cars for benefit in kind and capital allowance purposes, greatly increasing the tax cost of these vehicles. That’s the view from tax expert Michelle Malone at accountancy and advisory firm Xeinadin. “Dealers will remember the issues caused when a change in treatment was last proposed, ...

Stoneacre Motor Group has acquired an Isuzu dealership formerly run by Close Motor Company in Peterborough. The newly acquired dealership is located adjacent to its existing Stoneacre Peterborough Seat and Cupra dealership on Newark Road. Close Motor Company continues to represent Suzuki and KGM in Corby and is an approved repairer for Mitsubishi. Stoneacre Motor Group has been expanding. In ...

Nick Williams has joined Rygor Group as its new director of sales and marketing. Previously, Williams was senior manager at Mercedes-Benz Vans UK. Williams said: “Rygor is such a highly respected business in the automotive industry, and I have had the privilege of working with many members of the team over the years in my previous roles, so I know ...

Manheim Auction Services will open its new Gloucester super centre dedicated to commercial and industrial vehicles in the southwest in the autumn. The 9-acre site is located off the M5 near Dursley, Gloucestershire. More details on the sales programme will be available in September. Liam Quegan, Cox Automotive’s MD, Wholesale, said: “The commercial vehicle sector is experiencing an exhilarating return ...

City Auction Group will launch a new 28-acre site to house the Headquarters of its logistics business, PurpleRock, in September. This will expand capacity with an additional 5,000 vehicles across defleet, logistics and secure storage. The site will be located off the A1, north of Peterborough. Michael Tomalin, CEO of City Auction Group, said: “This is a game changer for ...

NextGear Capital, the wholesale funding firm, and online auction platform 1link Trade Buyer have joined forces to help trade buyers source and fund stock in just a few clicks. The new arrangement means NextGear Capital customers can instantly add vehicles purchased on epyx’s 1link Trade Buyer to their Stocking Plan, easing the buying process and opening the platform to them ...

UK commercial vehicle (CV) manufacturing grew 16.0% in the first six months of the year as 58,675 units rolled off factory lines. June marking the third consecutive month of growth, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). It reported that 11,748 units were produced in June, up 23.0%, marking the best ...