Six out of 10 motorists (61%) say there aren’t enough electric car chargers in places where they want to drive, new research shows. February’s Startline Used Car Tracker found that 36% say there is a shortage of chargers near where they live and 28% on longer journeys where they drive regularly, while 23% wouldn’t buy an electric car because of ...
Read More »Young people visit Ferrari dealers to check out apprenticeship opportunities
More than 200 young people visited Official Ferrari Dealerships across the UK to gain insight into careers with the Prancing Horse National Apprenticeship Week. Throughout the week, Ferrari Dealers opened their doors to showcase the opportunities available through the Ferrari Apprenticeship Programme, now in its 15th year. Attendees were given exclusive behind-the-scenes access to Ferrari workshops and showrooms, where they ...
Read More »Carwow Group appoints chief finance officer
Carwow Group has appointed Jeremiah Crider as chief financial officer. Crider joins Carwow Group from Securitas, where he was European CFO, leading 200 finance personnel across Europe. Prior to that he spent three years at Deliveroo, most recently as VP, finance for the marketplace & technology functions, where he played a pivotal role in helping it grow before and after ...
Read More »Cars 2 sold to Employee Ownership Trust
West Yorkshire based car dealership, Cars 2, has been sold by its Shareholders to an Employee Ownership Trust (EOT). The deal was advised on by Castle Square Corporate Finance and Freeths, with funding from Barclays. The company had a turnover of more than £191m in its last reported annual accounts and this has grown to a reported £220m in 2024. ...
Read More »NFDA submits response to government zero-emission consultation
The National Franchised Dealers Association (NFDA) has submitted its response the Government consultation on proposals to support the UK’s transition to zero-emission vehicles. In its submission, NFDA emphasised that dealers are fully committed to the transition to electric vehicles, with members highlighting the vital role hybrids can play in bridging the gap between 2030 and 2035. NFDA also stressed the ...
Read More »Leapmotor to double network size by year-end
Leapmotor has made its debut in the UK electric vehicle market with the launch of two new models: the T03 small electric vehicle and the C10 midsize SUV. The T03 is pitched as an affordable offer, with a starting price of £15,995, making it the second cheapest electric car in the UK, surpassed only by the Dacia Spring by a ...
Read More »Northern Ireland sees backlog of MoTs ease with record volumes in January
The backlog in MOT tests in Northern Ireland may finally be easing, with January 2023 seeing the highest number of tests conducted in a decade. Data released by the Department for Infrastructure (DfI) indicates that January this year recorded the highest number of total MOT tests—including retests—compared to any previous January over the last decade. A total of 101,818 tests ...
Read More »Steve Young Blog What do car manufacturers and drug addicts have in common?
I do not want to trivialise the personal challenges that people with substance abuse problems and their families face, nor do I want to suggest that the management of our car manufacturers are prone to this condition, but I do genuinely see some similarities within a critical part of our business, and perhaps also similar challenges in terms of kicking ...
Read More »Steven Eagell overhauls employee benefits with higher basic salaries
Toyota and Lexus dealer group Steven Eagell is improving its employee benefits package, increasing basic salaries to £30,000 for the first 12 months for all sales and aftersales roles. Additionally, maternity, paternity, adoption and sick pay have been enhanced. The Ggoup also increased its annual leave allowance, ensuring a better work-life balance for its colleagues. The group has also launched an ...
Read More »Group 1 pushes ahead with £37m UK restructuring and cost cutting programme
US dealer giant Group 1 is pushing ahead with the five-phase restructuring of its UK business and the integration of Inchcape which it bought last year. Last year, in phases one and two, it cut costs by £15m with a reduction of over 200 jobs achieved through cuts made in the executive team and senior franchise oversight functions, the elimination ...
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