BCA has reported that while the used car market remains stable, average values remain at near record levels. The auction company says that demand from buyers has continued to keep prices firm through May. The headline average value fell by just £16 to £9,568 over the month, with average values up by £707 year-on-year, a 7.9% rise over the 12-month ...

Concerns related to the future of diesel vehicles has now overtaken Brexit in affecting buyer confidence. This, according to a recent survey of leading UK brokers conducted by Paragon Motor Finance. According to the Paragon, the national government’s push to ‘eradicate’ diesel cars by 2040 in favour of hybrid vehicles has had serious ramifications on consumer confidence. The survey results ...

Motorline Group has completed the relocation of its Lexus Cardiff dealership. The business has moved into a new building adjacent to Motorline’s existing Toyota dealership. Motorline purchased the Lexus business five years ago; Lexus has been represented in Cardiff for 12 years. The new location provides additional facilities required for the expanding Lexus model range, while supporting increasing sales volumes in ...

US-headquartered Group 1 Automotive has appointed Aston Barclay as its remarketing partner for the Beadles, Advantage Cars, Mercedes and Smart dealers located across south-east England and East Anglia. In total, 19 dealerships will be represented. Aston Barclay Chelmsford will process about 5,000 Group 1 used cars each year. These are expected to be 2010 models or later, with values of between £6,000 – ...

One in four of us will experience a mental health issue at some point in our life, according to the World Health Organisation. It’s something that really affects us all, be it through personal experience or through the people we know. Mental ill health has a huge economic impact, too. Each year it costs employers £35 billion through lost productivity, sickness ...

A total of 17 boats with 324 crew sailed all or part of the way in the first Whitbread Round The World Race in 1973 – ’74. Since then, there have been 12 editions of the gruelling event, the latest of which started in 2017 from Alicante, Spain. Over 11 legs and nine months, each of the seven teams have ...

Motorpoint Group, the largest independent vehicle retailer in the UK, has released final results for the year ending 31 March, 2018. Profit before tax rose 70.9% to £20m  on turnover up 20.6% to £991.2m. The 12-month reporting period saw Motorpoint open the 12th retail site in Sheffield in April 2017. The year also saw record levels of repeat customers, with ...

Porsche Cars Great Britain has announced that Marcus Eckermann (pictured) will take over as managing director on 15 July. Eckermann, 50, was most recently MD of Porsche Central and Eastern Europe (PCEE), a role he held for 10 years. He will take over from Alexander Pollich, who has been appointed the new MD of Porsche Deutschland Stuttgart. Pollich, who only took ...

JCT600 has reported a record annual turnover, with revenues reaching £1.251 billion. This is a 2% year-on-year increase (£1.226bn). The Bradford-based car retailer says it has had a successful year, despite challenging market conditions and increasing competition. Despite declining new vehicle sales, JCT600 returned only a modest decline in the retail sector, significantly outperforming the overall market. Sales of used ...

Motorway has announced that it has secured £2.75m in funding. The cash will support further development of the company’s software platform, while also being used to support promotional activities. The business (motorway.co.uk) is a price comparison site focusing on the used car market. Launched in July 2017 the company now has more than 25,000 monthly customer sales enquiries. Car owners ...