Martec Training, a specialist in motor vehicle apprenticeships and courses, is now using Assisted Reality (AR) headsets to help students in their work. The West Midlands based training provider formulates learning plans for students with special education needs. Martec said it had recorded significant benefits after participating in a trial pioneered by Autotech Connect, The Institute of the Motor Industry ...
Read More »Chorley Group sees record turnover and £983k losses
Chorley Group turned in what it described as disappointing final results for 2023 with the group delivering pre-tax losses of £983,000 compared to pre-tax profits of £2.02m in 2022 on turnover up 17.1% to a record £281.4m. The group was hit by high interest rates and a higher cost base throughout 2023 combined with a fall in used EV values ...
Read More »KGM Hereford supports local hospice
KGM Hereford has provided five KGM Tivoli’s to St Michael’s Hospice to support their “Hospice at Home” team. The Tivoli’s will help the hospice provide around-the-clock care to more patients safely and reliably and ensure that nurses can deliver specialised care to patients and their families seven days a week. For KGM Hereford directors Samantha Davies and Dave Peachey, the ...
Read More »Stellantis confirms Tavares to retire in early 2026
Stellantis confirmed that the formal process to identify a successor to Carlos Tavares, when he retires in early 2026, is already under way. A successor is likely to be found by Q4 2025. A number of targeted management changes were announced yesterday, effective immediately. Stellantis CEO Carlos Tavares said: “During this Darwinian period for the automotive industry, our duty and ...
Read More »Peugeot reveals E-3008 and E-5008 Long Range specs
Peugeot has announced that orders will open on 05 November for its new SUVs, the E-3008 and E-5008 Long Range, with first deliveries are expected for Q1 2025, Customers can order the new E-3008 Long Range from £48,650 OTR, and the E-5008 Long Range from £51,350 OTR. Both models are available in the ‘ALLURE’ and ‘GT’ trim. Hybrid, plug-in hybrid, ...
Read More »Leasing companies extend EV contracts to reduce losses
Leasing companies are “actively encouraging” businesses and drivers to extend their contracts on electric vehicles for another 12 or 24 months. The aim is to stop the cars coming to market and further reducing prices in an oversupplied used car market. Prices have have fallen 58% in 22 months. The BVRLA said the oversupply was a consequence of the ZEV ...
Read More »Renault Emblème to be displayed at Paris Motor Show
Renault Group bring 5 stands, 7 world premieres and 2 concept cars to the Paris Motor Show from 14 to 20 October. The Renault Emblème will be displayed by the brand on its stand. The Emblème slashing greenhouse gas (CO2 eq.) emissions by 90%, compared with an equivalent vehicle built today; to produce just 5 tonnes of CO2 eq. In ...
Read More »Dealer demand for AFVs gains momentum at auction
The volumes of alternatively fueled vehicles (AFVs) sold at trade-to-trade platform iDealer Auction rose 13% in September. Although the average sold price (£14,342) and retail margin (£2,740) dipped slightly month-on-month, down by 2.6% and 7.6% respectively, trade demand remains robust with the selling price around £700 higher than the first quarter of the year. This is also reflected in a ...
Read More »MAG Motor Auction Group to leverage AutoGrab’s sourcing tool
MAG Motor Auction Group will utilise AutoGrab’s sourcing tool to boost processes and enhance business development strategy. The Sourcing Tool streamlines the vehicle procurement process for dealers, using data analytics and market intelligence. The Customer Recapture tool uses VIN, registration and mobile number, to determine when a vehicle re-enters the market. Retailers can be pro-active in engaging with previous customers ...
Read More »Sutton Park sees surge in turnover while profits take a hit
Sutton Park Motor Company saw revenues last year drive towards the £150m mark but profits took a hit with the cross sector fall in used car values in the second half of the year. The company delivered overall pre-tax profits down 42.5% to £1.57m on turnover up 25.6% to £146.04m. Sutton Park has seven dealerships in Staffordshire, Warwickshire and the ...
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