Editor’s Choice

Burrows Toyota in Barnsley has been awarded a Toyota Ichiban Award. It held an event in celebration with customers, staff and their families, local charities and organisations they support, and distinguished guests from Toyota GB plc attended the event. The Toyota Ichiban Award is presented annually to retailers in 34 markets across Europe with a total of 3 being awarded ...

Nissan is ‘reshaping’ its UK network with a reduction in the number of dealerships from over 160 to 140. The number of service outlets remained unchanged at 160. The so called ‘Ideal Network Plan’ will call on dealers to make further investment in premises, infrastructure and digitisation to cater for electrification and changes in retailing. The brief statement made no ...

Online classified business eBay Motors Group became the latest firm to warn of the impact of the cost of living crisis on used car sales. It said today average prices and dealer stock levels both dipped in June as days to sell increased. According to eBay Motors Group’s Market View, the average advertised used car price dropped 1.4% from £16,872 ...

Volvo Car UK has doubled the number of contractors within its Temporary Technician Programme (TTP) to 16. The programme, set up with Autotech Recruit, has helped the carmaker cover over 30,000 hours across its UK sites since launch in 2018. TTP was created to enable Volvo to tap into Autotech Recruit’s network of over 450 skilled temporary vehicle technicians and ...

Vertu said today the market outlook “remains unclear” due to uncertainty surrounding consumer demand. It added however that it expected new vehicle supplies to improve in the coming months. In a trading update following the release of its results in May it said that constrained supply of new vehicles in the UK continued but that margins in both the new ...

Pendragon shareholders have voted against approving the annual report on directors’ remuneration for 2021. A total of 65.5% of shareholders voted against approval of directors pay while 34.5% approved. Pendragon director pay had come under fire from shareholders for being excessive. In a statement Pendragon said it would continue to talk with shareholders and said an update would be provided ...

Sytner Group has, again, been named as an official partner of the Festival of Speed 2022, to take place from the 23rd to 26th June. The annual event, presented by MasterCard, takes place on the grounds of the Duke of Richmond’s West Sussex Goodwood House. Darren Edwards, CEO at Sytner Group, said: “We’re thrilled to be partnering with Goodwood Festival ...

Motorpoint Group has reported that profit before taxation increased 121.6% to £21.5m to 31 March 2022 (FY21: £9.7m), with revenue increasing 83.3% to £1,322.3m (FY21: £721.4m), due to a combination of market share growth and vehicle price inflation. The Group grew its footprint in 2021 with three new market area locations opened in strategically significant regions (Manchester, Maidstone and Portsmouth), ...

Steven Eagell has reports record turnover, gross profit and pre-tax net profit for 2021. Turnover for 2021 was £703m, up from £514m in 2020, which represents an increase of 37%, while the gross profit for 2021 was £104m, up from £76m in 2020, an increase of 37%. The Group said that its primary business activities for 2021 were the sale ...

Cazoo has announced that it will shed 750 jobs across the UK and elsewhere in Europe, warning of recession and consumer cutbacks. It said in a statement that the Company is “acting decisively to implement a business realignment plan to right-size the business and conserve cash in the short-term, by focusing on delivering improved and sustainable profit margins. “The business ...