Editor’s Choice

Arnold Clark is to represent Chinese car brand Leapmotor in Glasgow, Edinburgh, Perth and Aberdeen. Founded 10 years ago, Leapmotor has two electric vehicles available in the UK – the T03, a compact city car which offers a range of 165 miles, and the C10, a mid-sized SUV with a range of 261 miles. Prices start from £15,995. David Boyd, ...

Peter Vardy Holdings went into the red in 2023 with combined losses of -£10.8m on turnover of £551.3m in sharp contrast to the £6.1m pre-tax profits and £590.5m turnover generated in the prior year. The combined losses include a loss of £8.1m for the Perter Vardy Group of companies and a profit of £2.7m from its Car Money broker business. ...

The new car market in 2024 revealed winners and losers among carmakers as they battled for sales in a market skewed by the ZEV Mandate. Car makers that found the going tough include Ford, which fell -23.7% for the year followed by Stellantis owned Vauxhall which was down -21-4% for the period, followed by Porsche (-17.5%), Fiat (-14.1%) and Suzuki ...

The Financial Conduct Authority (FCA) has given finance houses until December 2025 to respond to motor finance commission complaints It said the extension will help prevent “disorderly, inconsistent and inefficient” outcomes for consumers and firms. “We have extended the time firms have to respond to complaints about motor finance agreements not involving a discretionary commission arrangement (DCA). “Firms now have ...

UK dealer giant Arnold Clark has bought Wingrove Motor Company for an undisclosed sum. Wingrove Motor Company Limited has been serving the needs of North East motorists since 1925, when the company was founded on the West Road, Newcastle upon Tyne. Wingrove has four centres in the North East, including showrooms in Silverlink, North Tyneside, and Fenham and Newcastle. It ...

Hendy Group has pumped £6m into the development of a multi-franchise dealership in Tunbridge Wells. The dealership, representing Ford, Mazda and Kia, is also a Ford Transit Centre. The dealership, on an ex-John Lewis site, will have the capacity for eight display vehicles per brand inside, with separate reception and waiting areas for each marque. Outside, Hendy will display over ...

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 ...

The Financial Conduct Authority CEO Nikhil Rathi has called for clarity on motor the finance commission and the decision made by the Court of Appeal last week ruling in favour of the consumer. Two finance houses have said they will appeal the decision and Rathi aid it was in all parties interest that the Supreme Cout decide whether or not ...

Vertu Motors has acquired Burrows Motors for £12.5m, strengthening its relationship with Toyota, Mazda and Kia. Vertu’s partnership with Toyota grows from six to 11 outlets, Mazda from two to four and Kia from three to four. Burrows Motor Company turned in pre-tax profits of £106,000 in 2023 compared to £3m the prior year on turnover of £168.9m (2022: £171.9m). ...

Dealers have expressed ‘clear concerns’ over the current and future profitability of running their franchise. That’s the headline finding of the Dealer Attitude Survey from the National Franchised Dealers Association which said that topics relatinbg to profitability and margins were among the lowest rated in the survey. Current profit return from representing the franchise was the third lowest scoring question ...