Manheim has bought Lanarkshire-based Shotts Motor Auctions for an undisclosed sum. Shotts owns a 10-acre site located between Glasgow and Edinburgh...
Read More »Auto Trader goes on offensive in classifieds battle
Auto Trader went on the offensive today, releasing figures which, it said, showed its continued dominance of the UK online classified market. It said in an “increasingly noisy marketplace” it wanted to reassure dealers that spending money with Auto Trader was “good for business”...
Read More »Glass’s forecasts March new car sales to rise 6%
Glass’s is forecasting buoyant new car registrations in March, the most important sales month in the calendar. The valuation guide said sales will rise 6% over March last year. Carmakers are
Read More »Older vans attracting auction buyers
A shortage of used light commercials is driving up wholesale demand for vans aged over five years old, according to new research by Manheim.
Read More »Foray appoints ex-Sky Ford boss as board director
Foray Motor Group has appointed ex-Sky Ford owner Chris Green to its board to help boost its used car business. Last year Green (pictured left) sold...
Read More »FCA proposes shake-up of GAP insurance
The Financial Conduct Authority (FCA) is proposing a shake-up of GAP insurance. The FCA announced a market investigation into add on insurance, including GAP, in July 2013. It found poor competition, low levels...
Read More »Growing confidence from Geneva
Curtis Hutchinson Confidence was the watchword at the Geneva Motor Show. As the first major car show of the year, and always the best, Geneva is the showcase for the European car market so new product was in abundance from the cute, but deceptively significant, Renault Twingo and sensibly evolved Audi TT to the outrageously unobtainable...
Read More »Inchcape UK sales rise with squeezed margins
Inchcape has posted significant rises in sales and profits across its global operations in the year ended 31 December 2013. Group sales rose 7.7% to £6.5bn (2012: £6.1bn) with pre-tax profits up 7.4% to £266.1m...
Read More »Dealers urged to curb out of hours working
Dealers bosses have been urged to watch out for “digital burnout” among staff using remote devices to stay in touch with work outside of working hours.
Read More »Lookers acquires Colbornes for £33.6m UPDATED
Lookers has acquired Colbornes Group, the Guildford based Volkswagen Group business for £33.6m. Colbornes, rated 53 in the Motor Trader Top 200, operates three Audi and two Volkswagen dealerships...
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