The new car market in October saw a raft of companies showing double-digit growth, according to the latest figures from the Society of Motor Manufacturers & Traders. In a market that overall saw sales fall -6% for the month with a -12% decline in retail sales, BYD showed the biggest rise – from a low base – with a three-fold ...

The UK new car market fell for the second time this year, down by -6% in October to 144,288 new registrations. Declines were recorded across all buyer types, with fleets falling for the second time this year, down -1.7%, and the low-volume business market declining -12.8%. Private purchases continued their two-year decline, down -11.8%, according to the latest figures from ...

The Independent Motor Dealers Association is celebrating its seventh anniversary tomorrow, Tuesday 5 November. The last 12 months has seen the IMDA membership grow by over 30% year on year with over 500 new members joining. The association now offers services from 60 partners and suppliers, including free legal advice, an employment and HR helpline and a Service Support Network. ...

The cost-of-living crisis is hammering aftersales business for dealers as customers put the brakes on spending. One-in-five drivers (20%) under the age of 44 have driven illegally by not putting their car through the MOT or replacing tyres when needed to save money in the cost-of-living crisis, new data from the RAC reveals. Among drivers of all ages, one-in-10 (10%) ...

BYD has appointed Maria Grazia Davino as the new regional managing director for Germany, Switzerland, Poland, Austria and the Czech Republic. Davino most recently served as UK group managing director at Stellantis, where she led the region’s operations across several brands. Her other previous roles include a spell as Stellantis’s senior vice president for sales and marketing in the Enlarged ...

Cap hpi is bringing its new vehicle data and valuation operations together in a resutructuring of the business. Stacey Ward has been appointed senior data director to head up the combined operation. She has worked across Solera companies since 2018, and her previous roles included leading Autodata and the WLTP integration project for cap hpi. She will report to Antonio ...

A snap poll of over 700 Institute of Directors members following the Chancellor’s Budget Statement has found that two-thirds (67%) of business leaders feel negatively towards the Autumn Budget and two-thirds (67%) think that it does not support the Government’s growth mission. Separately the IoD Directors’ Economic Confidence Index, which was polled wholly before the Budget Statement and measures business ...

Suppliers are scrambling to update their systems to allow for the recent motor finance commission judgement made by the Court of Appeal. Some finance firms paused writing more finance as they took on board the surprise ruling. One fast mover is Mad Devs, which updated its iStoreDOCS platform within days of the ruling to enable dealers to upload Finance Commission ...

Big Motoring World is pulling out the stops to source stock as it opened its newest store in Camberley. “The Camberley store has capacity for an additional 800 vehicles and the group has been working over recent months to source additional stock from a wide range of channels including both traditional auctions, direct from consumer and through strategic partnerships,” it ...

Double cab pickups with a payload of one tonne or more will be classed as cars for benefit in kind and capital allowance purposes, greatly increasing the tax cost of these vehicles. That’s the view from tax expert Michelle Malone at accountancy and advisory firm Xeinadin. “Dealers will remember the issues caused when a change in treatment was last proposed, ...