Commercial vehicle values reached record levels in February, according to BCA. February’s average value was £5,345, the highest since Pulse began reporting...
Read More »Car bosses confident of strong March sales
With the new car sector now enjoying 24 consecutive months of growth, industry expectations are high that demand for the new 14-plate could see the March market ending up bigger than last...
Read More »BEN launches Give a Scrap scheme to raise funds
BEN has launched a “Give a Scrap” scheme enabling car businesses to dispose of any unwanted or unusable vehicles and then donate the value to BEN.
Read More »New car finance sales surge 24% in January
The number of new cars bought on finance in January rose 24% compared to January 2013, according to figures from the Finance & Leasing Association (FLA). Used cars saw a similar rise with numbers increasing by 25% in January year on year...
Read More »Land Rover tops NFDA franchise survey
Land Rover has retained its crown as the most popular franchise in the UK, according to the NFDA Winter 2013 Dealer Attitude Survey. It was followed by Audi and Kia in joint second place followed by BMW and Volkswagen to make up the top five franchises...
Read More »Cambria positive in first half trading update
Cambria Automobiles results for the six months to 28 February 2014 will be significantly ahead of last time, the group said in a pre-close update. “Trading performance in the first five months of the current financial year has been substantially ahead,” it said...
Read More »New car sales clock up 24 months of growth
The UK new car market clocked up 24 consecutive months of growth in February with year-on-year sales up 3% to 68,736 units. Ford’s Fiesta continued to dominate new car sales with 4,415...
Read More »SsangYong on course to recruit 10 Chevy dealers
SsangYong expects to recruit at least 10 terminated Chevrolet dealers by the end of the second quarter and has announced plans to launch a new PCP package which it will underwrite.
Read More »Group 1 Automotive ‘very careful’ on UK expansion
Group 1 plans to push ahead with its expansion plans in the UK but will be cautious on what it buys. The US dealer group also said it was “amazed” at the current boom in new car sales in the UK...
Read More »Lookers full year profits climb 28% to £43.9m
Lookers turned in a strong performance in 2013 with pre tax profits up 27.9% to £43.9m on turnover up 19.4% to £2.46bn. Retail new car sales rose 19%, outperforming the overall UK retail market...
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