Editor’s Choice

Former Paddy Power CEO Andy McCue has been appointed executive chairman at Carzam, the online used car retailer. Carzam, which sold 13,500 cars in its first year of trading, recently announced a Series A investment of £112m as part of its first external fundraising round. The funds will be invested in expanding the stock of cars. McCue spent 10 years ...

Vertu has acquired Farmer & Carlisle Holdings and its two Toyota dealerships in Loughborough and Leicester for £9.2m. The business includes two freehold dealership properties valued at £6m and goodwill of £2.35m. Farmer & Carlisle delivered pre-tax profits of £600,000 on turnover of £29.2m in the year to December 31, 2020. The new business – to be rebranded Vertu – ...

The National Franchised Dealers Association (NFDA) is accelerating the roll out of its Electric Vehicle Approved (EVA) scheme. The latest figures obtained by Motor Trader show there are now 248 accredited dealers with around 100 more in line to be audited and receive their accreditation. The EVA scheme was developed in 2019 to encourage retailers to enhance their expertise in ...

Marshall Motor Group has relocated its Toyota site at Patchway and Lexus site at Pioneer Park, Bristol to a new multi-million pound facility on Hayes Way, Cribbs Causeway, Bristol. The brand-new home for Toyota Bristol (Cribbs Causeway) and Lexus Bristol is in a prominent location on the easy to access Hayes Way, close to The Mall Cribbs Causeway, north of ...

Inchcape is pushing ahead with the rollout of its bravoauto used car business launched this month. The group currently has bravoauto outlets operating in Chester, Bolton, Shrewsbury, Derby, Burton-on-Trent. and Cheltenham and has close on 600 vehicles listed on site. All cars come with 21 Day Money Back Guarantee, 12 Months Breakdown Assistance, 12 Months Warranty, a minimum of 9 ...

Motorpoint has announced that is saw profit before tax increase 39.2% to £13.5m (H1 FY21: £9.7m) for the six months ended 30 September 2021. It posted a revenue increase of 56.1% to £605.2m (H1 FY21: £387.7m) reflecting record performance after reopening, continued strong consumer demand for used vehicles and strong market share gains. Its retail volume showed a growth of ...

The Motor Ombudsman has announced the winners of its 2021 Garage Star Awards and inaugural Customer Service Star Awards. The Garage (Whitburn) was awarded the top prize, thanks to their approach of putting the customer at the very heart of everything that they do, and their desire to go above and beyond to help others in their local area. With ...

F R F Volvo in Swansea has officially opened to the public after undergoing a £2m refurbishment It began refurbishment project in October 2019. Ahead of Volvo’s commitment to become a fully electric car maker by 2030, the new showroom features eight EV charging points with 1,200kw for direct fast charging, designed to cater for its expanding range of new ...

The European dealer market is set for further consolidation in the next five years as big dealer groups increase their market share. That’s the conclusion of research carried out by icdp for ANE. The Swiss group Emil Frey continues to hold its number one slot in the Top 50 listing and consolidated its import and retail market representation. It is ...

Snows Group has acquired Hamble Motors Peugeot dealership south east of Southampton for an undisclosed sum. This is its sixth Peugeot dealership. It currently represents Peugeot in Basingstoke, Chichester, Newbury, Portsmouth and now Southampton. Snows is ranked 43 in the Motor Trader Top 200 Dealer Groups with annual turnover of £414.4m. Neil McCue, chief operating officer for Snows, said: “We ...