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Editor’s Choice

UK car dealers remain confident in the face of Brexit

UK car dealers are confident about future business prospects, despite the uncertainty surrounding Brexit, according to a Close Brothers Motor Finance’s Dealer Satisfaction Survey. The quarterly survey found that 95% of dealerships are confident about market prospects and stability for the coming year, and that the expansion of new vehicle types and new finance products are the biggest opportunities of ...

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Groupe Renault appoints new network operations director

Groupe Renault has appointed Louise O’Sullivan as network operations director. She was previously Dacia brand manager. O’ Sullivan joined Groupe Renault UK in 1995 on the Graduate Scheme. After two and a half years as sales director for Groupe Renault UK, Nick Tame will be taking up a new strategic management role within Groupe Renault. O’Sullivan said: “I’m delighted to ...

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Arnold Clark acquires Phoenix Car Company

Arnold Clark confirmed today that it is buying Phoenix Car Company. Phoenix Car Company is rated 98 in the Top 200 with annual turnover of £124.9m. The company carried out a restructuring in 2018 to boost its performance. It represents Honda, Hyundai, Kia, Mitsubishi and Suzuki. John McGuire is chairman and CEO of the family run company, which commenced trading ...

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Mini recognises top dealers at annual retailer awards

Mini has recognized its top performing dealer at the annual retailer awards ceremony. Cotswold Mini Cheltenham was presented with the ‘Retailer of The Year’ award after demonstrating excellence across 13 separate criteria, including new car sales, used car sales, profitability, customer satisfaction and more. Other categories and their winners included Vines Group for retailer marketing, Fairfield Mini for aftersales and ...

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Dealers must comply with new HMRC VAT digital record rules

Dealers are being urged to ensure they are compliant with the Government’s new Making Tax Digital service, designed to make it easier for businesses to get their tax right and keep on top of their affairs. From 1 April 2019, all VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) are required to keep their VAT business records ...

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Groupe Renault names top dealers for 2018

Groupe Renault UK has recognised its best performing dealers of 2018. Dealers were assessed on key performance indicators including customer satisfaction, sales volume for the Renault and Dacia brands, aftersales turnover, and profit. The overall winning dealers were Renault Cardiff (pictured), which was voted the Best Large Dealer, Gravells of Kidwelly (Best Medium Dealer), Bells of Crossgar (Best Small Dealer) ...

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Activist investor Teleios boosts its stake in Pendragon to 21%

Activist investor Teleios Capital Partners has boosted its stake in Pendragon. The dealer group said last week Teleios had increased its stake by more than 4% from 17.02% to 21.3% of the company. Teleios invests in European mid-cap companies that are publicly traded, typically acquiring substantial minority positions which it holds for the long term. Pendragon changed direction in 2017 ...

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