The motor sector met with Ministers to discuss the ZEV Mandate which it believes is being pushed too fast while having a negative impact on the market. The Mandate means that at least 22% of new cars and 10% of new vans sold in 2024 must be electric and the percentage for cars takes a further hike in 2025 to ...
Read More »Santander sets aside £295m for motor finance commission payments
Santander has become the latest finance house to set millions of pounds to pay for motor finance commission payments to consumers. The company has put aside £295m to cove the issue although it said the figure could be lower or higher and the whole issue was shot through with uncertainty. The Santander move followed the judgement on 25 October by ...
Read More »BLOG Relaxation of EV sales quotas is ‘critical moment’ for dealers
The government’s potential relaxation of EV sales quotas is a critical moment for the UK’s electric vehicle market. While this step may ease immediate pressures on carmakers, as they have been requesting internationally, it’s crucial not to lose sight of the long-term goal: establishing a robust EV ecosystem that includes well-equipped, highly trained technicians to service these advanced vehicles when ...
Read More »SMTA appoints Alan Gall as new chief executive
The Scottish Motor Trade Association (SMTA) has appointed Alan Gall as its new CEO. Gall replaces Sandy Burgess who has stepped down after a decade leading the South Queensferry-based organisation. He brings 35 years of experience in the motor industry having worked in the UK with Arnold Clark and in the Middle East with companies, including Mitsubishi Motors and Toyota. ...
Read More »ZEV Mandate targets will not be weakened says Transport Secretary
UK transport secretary Louise Haigh said she was in “listening” mode about the challenges posed by the ZEV Mandate but the government ambitions on ZEV would not be weakened. Haigh was speaking ahead of a meeting with Nissan today and further talks with the industry on Wednesday. “There are flexibilities in the current mandate, but we want to work with ...
Read More »Bowker acquires Porsche Centre Bolton from Lithia
Bowker Motor Group has acquired Porsche Centre Bolton from Lithia Motors Group UK. Porsche Centre Bolton joins Porsche Centre Preston in Bowker Motor Group’s portfolio of eight dealerships, which also includes franchises of BMW, Mini, BMW Motorrad and INEOS Automotive. Porsche Centre Bolton employs over 50 staff. Many of the Porsche Centre Bolton team have been with the Centre since ...
Read More »ADVERTORIAL Common myths surrounding stock funding
When it comes to Stock Funding, misconceptions often deter car dealers from exploring the benefits it offers. At V12 Vehicle Finance, we want to address some of the most common myths surrounding Stock Funding and show how funding can help your dealership. Myth 1: Stock Funding is Only for Businesses in Trouble One of the most well-known myths about Stock ...
Read More »Dealers use toolkit to bolster carbon credentials
Dealer groups have gained Carbon Literate Status having been trained by the Automotive Carbon Literacy Toolkit. “The toolkit contains materials an organisation requires to educate and accredit its employees in Carbon Literacy, including tailored training content, a trainer guide, detailed resources, and dedicated support from a member of the Carbon Literacy Project team. The toolkit as funded and developed in ...
Read More »JCT600 opens Cupra and SEAT dealership in Leeds
JCT600 welcomed over 70 customers to its new Cupra & SEAT dealership in Lower Wortley, Leeds, at an official launch event on 7 November. A joint venture between the Yorkshire-based automotive retailer and the two brands, the showroom sees SEAT and Cupra come together under one roof. The investment by JCT600, has created 21 jobs at the dealership. It marks ...
Read More »FLA appointment strengthens hand in motor finance and consumer lending
The Finance & Leasing Association (FLA) has bolstered its board with the appointment of Richard Hoggart, founder and CEO of DSG Finance Group, to the FLA Board. The appointment is a key one for the trade body as it represents the views of finance houses during a turbulent period for motor finance. Hoggart has been at DSG Group since the ...
Read More »