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Author Archives: John Kirwan

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 ...

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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 ...

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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. ...

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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 ...

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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 ...

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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 ...

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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 ...

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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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