Editor’s Choice

Marshall Motor Group has awarded a one-off bonus to its employees to recognise their efforts during the pandemic. Eligible employees will receive a bonus equivalent to 1% of their basic salary capped at £500 with nobody receiving less than £200. Directors are excluded from the scheme. Marshall said that it continued to trade well in the pandemic and while profits ...

Nissan Motor GB managing director Andrew Humberstone has not ruled out an agency model for the UK dealer network. Speaking to Motor Trader as the brand launched the new Qashqai, Humberstone said it was not a priority but was on the horizon when it came to future strategy. “For me, the agency model is an interesting one. It is not ...

David Brown Automotive has expanded into central London with a new showroom site in St John’s Wood to display its flagship models, Speedback GT and Mini Remastered. The London site is in addition to its headquarters in Silverstone, where the company has been based since 2017, having relocated there from their original roots of Coventry. The site has space to ...

Motorpoint saw its performance hit by the pandemic and showrooms closures with pre-tax profits down 48% to £9.7m on turnover down 29.1% to £721.4m in the year to 31 March 2021. It said since branches had opened in March trading was strong and significantly ahead of the same period in 2019, pre pandemic. It added that the shortage of new ...

Stellantis has launched its multi-brand approved-used programme SPOTiCAR in the UK. The new initiative combines approved-used models from four Stellantis group brands at launch on a single platform, along with other brands a SPOTiCAR Retailer chooses to offer. Available from launch across Vauxhall, Peugeot and Citroën networks, SPOTiCAR allows buyers to view their next vehicle entirely from home, as well ...

Motorway has raised £48m in venture capital investment to grow the business. The funding is provided by lead investor Index Ventures and includes BMW i Ventures and Unbound. It is now selling 4,000 cars a month. It has completed over 65,000 car sales through its website since it started in 2017. Motorway helps consumers to sell their car by putting ...

Cambria Automobiles has agreed to an MBO offer from CEO Mark Lavery valuing the company at £80m The £80m MBO, subject to shareholder approval, was made by Bidco, a private company incorporated in England and Wales, which is wholly owned by Cambria Investments and ultimately owned and controlled by Lavery. The £80m price tag represents a premium of 21.2% on ...

  Lookers has opened a £4.6m Jaguar Land Rover centre in Bishop’s Stortford. The facility, the newest Jaguar Land Rover dealership in the country, employs 42 staff. Lookers has Jaguar dealerships in Aston Clinton, Belfast, Glasgow and West London. It has a bigger presence with Land Rover with dealerships in Belfast,  Bishop Stortford, Chelmsford, Aston Clinton, Colchester, Glasgow (2), South, ...

  Caffyns turned in a strong performance in the year to March 2021 with profits of £1.4m compared to £103,000 last time on turnover down 16% to £165.1m. Like nearly all dealer groups during the year it cut costs, invested in digital and availed of government schemes to help the business get through the pandemic with showrooms closed in successive ...

  Stoneacre Motor Group has acquired the RMB Motor Group for an undisclosed sum. RMB represents Toyota and Lexus at Stockton on Tees; Toyota, Renault and Dacia at Northallerton; and Toyota, Renault and Dacia at Darlington. It also has an Autoparc used car centre at Yarm together with a body repair centre. RMB was created in 2003 by Robert and ...