Vertu’s half year performance has exceeded market expectations with increases in turnover and profit. Revenues for H1 were up 15% to £628.1m (2012: £547m), while profit before tax leapt 26.8%...
Read More »European car sales fall 11% in September
The fall in new car registrations in the European Union accelerated in September, down 10.8% with 1,099,264 cars registered. It was the twelth consecutive month of decline according to Acea...
Read More »Car dealers lost £11k per site in August
The average car dealer lost £11,000 in August 2012, according to the latest monthly profitability data produced by ASE, the business management specialist. The loss marked a year on year...
Read More »Toyota recalls 138,000 cars in the UK
Toyota has recalled 138,000 vehicles in the UK after discovering a fault in the Power Window Master Switch. Cars affected in the UK are RAV4, Auris and Yaris models built between September 2006 and...
Read More »Vauxhall dealer profitability rises
Vauxhall’s strategic move to increase its retail sales mix, at the expense of fleet volumes, has delivered higher levels of profitability across its dealer network, according to UK MD Duncan Aldred...
Read More »Marshall-Ridgeway sign £160m remarketing deal
Marshall Motor Group and Ridgeway Group have signed a joint remarketing deal with Manheim said to be worth over £160m. The deal covers 45,000 vehicles, mostly part-exchanges and ex-lease cars, over the next...
Read More »Sales of used 4x4s accelerate in Q2
Sales of 4x4s rose in the second quarter of 2011, according to information compiled by Experian, the global information services company. Its latest Used Car Index, revealed a total of 1,726,627 used...
Read More »Audi City hits top five sales chart
Audi’s new digital showroom in London’s Piccadilly became one of the brand’s top five selling UK sites in August. Operated by Sytner Group it opened in July...
Read More »Jack Petchey sells 17.3% stake in Lookers
Entrepreneur Jack Petchey has sold his 17.3% stake - held by Isle of Man based investment vehicle Trefick - in dealer group Lookers for £44m. Petchey’s exit follows his failed takeover bid for the group last year...
Read More »News International to launch with free deal
News International, owner of The Times and The Sunday Times, is offering dealers a four months free offer to try out its new classified website Driving.co.uk, which launches in October....
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