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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 ...

Car buyers are less confident about purchasing EVs following the Autumn Budget, according to JudgeService. Nearly half (46%) of respondents said they were not more confident about buying an EV while nearly a quarter (23%) said they were more confident. Neil Addley, MD of JudgeService, said: “The Autumn Budget presented the government with a golden opportunity to accelerate EV uptake, ...

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 ...

Lloyd Motor Group has acquired Stratstone Tyneside BMW & MINI, now renamed Lloyd North Tyneside BMW & MINI, effective 29 October. Located just outside Newcastle on Silverlink Shopping Park, customers can visit the newly acquired centres on Bittern Close, Silverlink Park, NE28 9ND. Lloyd Motor Group’s MD, Sam Lloyd, said: “We are thrilled to add such an exciting location to ...

The used car market is set for a strong finish to 2024, according to Auto Trader. The average price of a used car last month was £16,408, down -7.4% YoY on a like-for-like basis but the lowest annual decline since December 2023. Richard Walker, Auto Trader’s Data & Insights Director, said: “It’s good to see retailers showing more confident pricing ...

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, ...

With many motor dealers already experiencing the challenge of increased overheads and squeezed margins, the extent of the changes to Employers NIC and living wage will provide additional unexpected cost pressures for auto retailers. That being said, it was pleasing to see the inclusion of measures to support the uptake and manufacture of electric vehicles in the UK, although some ...