Lloyd Motor Group’s new Lloyd Select used vehicle dealership has now opened on Scotswood road, Newcastle. The Group acquired the dealership premises, formerly operated by Cazoo on Scotswood Road, in 2023. The new Lloyd Select Newcastle dealership joins its sister Lloyd BMW Newcastle, Lloyd MINI Newcastle, and Lloyd Bodyshop Newcastle. David Stuart, head of business at Lloyd Newcastle’s, said: “The ...

Volkswagen Group’s financial results reveal its Financial Services Division’s operating profit fell a third below the previous year’s profit due to the normalisation of used car prices. Although the division contributed €3.8 billion to the Group result, used car values impacted profit. In 2021 and 2022 the residual values of used cars rose as a result of semiconductor-related shortages of ...

The Roger Young dealership, located at Woodacre Saltash Parkway in Cornwall, will offer a range of Suzuki vehicles from 18 March. The dealership will provide a full Suzuki aftersales service and parts operation and the expansion has taken place in time for the launch of Suzuki’s new Swift Hybrid model which will arrive in April. Roger Young, md at Roger ...

The Pat Kirk Nissan dealership in Omagh, County Tyrone, has added a van centre to its site. This addition is the dealership’s response to an increasing number of enquires about Nissan’s range of LCVs. Andy Crawford, Nissan sales manager at Pat Kirk, said: ‘‘We are tremendously excited about the addition of our new Van Centre and we look forward to ...

The Dacia Spring, arriving in October with a launching price from just £14,995 on-the-road, is now available to pre-order. It is tipped to be the UK’s most affordable new EV by a margin of thousands of pounds. Customers who pre-order by placing a £99 deposit are eligible for a complimentary £250 to put towards accessories, public charging or a home ...

Production of the new, fifth generation three-door MINI Cooper has begun at the home of MINI, Plant Oxford. The MINI Cooper will be priced from £22,300 with first customer deliveries expected in spring. It will be available in two model variants, the MINI Cooper C and the performance enhanced MINI Cooper S. Stefanie Wurst, head of MINI said: “This milestone ...

More than eight out of 10 used car dealers (84%) anticipate a decline in used car prices and values this year, according to Startline research. The March Startline Used Car Tracker suggests 20% think the rate of the price fall will accelerate, 28% believe it will continue at the current speed and 36% think the price drop will be less ...

Vertu Motors has announced a £1.2 million investment which aims to enhance energy efficiency across all its sites and call centres. Existing lighting systems were upgraded to LED technology at 117 sites by Darlington-based TEP Electrical Distributors, with expectations to reduce total energy consumption by up to 7% and save 433 tonnes in CO2 emissions annually. Robert Forrester, chief executive ...

Hatfields Group will roll out advanced secure cloud computing technology to improve the customer experience and secure their data. The dealer group is collaborating with iStoreDOCS, software created by Mad Devs, to use its document management platform at eight of the Group’s sites in North England and Shropshire. Craig Petty, sales director at Hatfields, said: “Hatfields has provided excellent customer ...

There have been 1,080,000 car finance complaints submitted through Money Saving Expert’s tool which launched on 6 February. This could mean at least £480,000,000 back for consumers as over 25% of complaints are from people with multiple agreements. The most complained about firms are Black Horse (16%) Volkswagen Financial Services (14%) and Stellantis Financial Services (8%). In January, the Financial ...