News

Nearly 160,000 drivers in the UK are at risk of becoming a victim of mileage fraud this year, according to carVertical. The vehicle history checking company estimates that 2.1% of the 1.9m cars changing hands every quarter in the UK have been clocked in the last 12 months. Matas Buzelis, car expert at carVertical, said: “The age of a vehicle ...

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%) ...

Following the court ruling on motor finance commissions, industry experts expect more guidance from the FCA on managing ‘fiduciary duty’ where there is a liability to give best advice. Experts have also expressed a desire to have the fiduciary duty point overturned. Ian Plummer (commercial director at Auto Trader), Adrian Dally (director of Motor Finance and Strategy at the FLA), ...

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 ...