Tag Archives: Carz

Peter Vardy Holdings went into the red in 2023 with combined losses of -£10.8m on turnover of £551.3m in sharp contrast to the £6.1m pre-tax profits and £590.5m turnover generated in the prior year. The combined losses include a loss of £8.1m for the Perter Vardy Group of companies and a profit of £2.7m from its Car Money broker business. ...

Steve Young There have been a few bits of news over the recent weeks all related to the used car business, all biased towards the UK market. However, as the pressures that have driven the various actions are not specific to the UK, then I hope that readers elsewhere will bear with me, because I believe that the lessons are ...

The Retail Motor Industry Federation (RMI) , the umbrella organisation for franchised dealers (NFDA), independent garages (IGA) and auction houses (NAMA) , has raised doubts on the health of the used car market in the UK. In the strategic report accompanying accounts filed at Companies House it said values were “precariously high”. “The used car market has seen unprecedented growth, ...