Editor’s Choice

Motorpoint is opening for business in Manchester this week in a former Mercedes-Benz garage on Ashton Old Road. To celebrate the opening on Friday, 1 October, the team will be giving away scratch cards to the first 150 visitors with every customer winning a prize including Dash Cams and meals out in Manchester on Motorpoint. Customers are also invited to ...

Vertu said today in a trading update that ‘exceptional used car trading conditions’ would help it deliver adjusted profit before tax of no less than £50m in the six months to 31 August 2021. Its like-for-like new vehicle order take for the key plate-change in September was ahead of prior years but it warned that vehicle deliveries could be delayed ...

Cazoo has appointed Jonathan Dunkley, ex-CEO of CarShop and ex-Sytner group board member, as senior strategic adviser. Dunkley was CEO of Sytner’s car supermarket division where he oversaw a team of over 1,600 across nine UK retail outlets with revenues approaching £1bn. Prior to this he held several senior positions at CarShop. He will now work with the existing operating ...

Toyota is cutting global car production by 40% in September due to the shortage of microprocessors. The world’s biggest carmaker said it will be built 540,000 vehicles next month compared to its original 900,000 target. But the company is maintaining its full year global production targets. Toyota has dealt better with the chief crisis than other carmakers. It had built ...

Cazoo has launched its new ‘car buying’ service. It said that the new service allows consumers to get an instant value for any car online, sell it to Cazoo for a guaranteed price and have it picked up from their home. The service from Cazoo gives sellers an offer within seconds that is guaranteed for seven days. Customers can either ...

Smaller dealers with the ‘wrong’ brands look set to bear the brunt of the semi-conductor crisis in the second half. That’s the view of Steve Young, managing director of ICDP, who said that larger dealer groups will fare better across a range of brands. The SMMT new car sales figures for July reveal the winners and losers in the current ...

Marshall Motors has announced an update to its predicted profits for 2021, reporting that its underlying profit before tax for 2021 will be “not less than £40.0m.” This figure is after the commitment to repay all CJRS and non-essential retail sector grants received for this financial year. In a statement today (4 Aug), it said: “There remains a high level ...

Cazoo is now charging customers £50 for delivering cars to their home. The group announced the move as it reported strong revenue growth for Q2 ahead of its listing in the US. Cazoo, which has invested heavily in sports sponsorship and advertising to drive growth, saw revenues increase six-fold to £141m with vehicles sold up 429% to 10,692. Gross profit ...

Cambria Automobiles CEO Mark Lavery has agreed an improved £82.5m offer for the company and switched from a scheme of arrangement to an official takeover offer. His bid vehicle Bidco announced the terms of a final increased Cash Offer offering 82.5 pence in cash for each Cambria share, which has been unanimously recommended by the independent committee. The final cash ...

Group 1 CEO Earl J Hesterberg is geared up for expansion to capitalise on the pent-up demand generated by the pandemic and Brexit. In July the company bought Robinsons Motor Group in East Anglia for an undisclosed sum. Robinsons has nine dealerships representing Audi, Skoda, Seat, VW, Citroen and DS with locations in Norwich, Peterborough, Lowestoft and Ipswich. At Group ...