Cox Automotive has unveiled a wealth of industry data and understanding with the Insight Report, produced in collaboration with Grant Thornton. A valued resource for anyone seeking to understand the status quo and learn more about future trends – Cox Automotive’s 2023/24 Insight Report includes extensive analysis from automotive voices in the UK, Europe and around the world. Detailed predictions ...

Sukhpal Ahluwalia and Steve Horne have been appointed as executive chairman and chief executive respectively at GSF Car Parts. The Ahluwalia Family Office has also co-invested in GSF Car Parts alongside private equity firm Epiris. The co-investment marks Sukhpal Ahluwalia’s return to the car afterparts market. Having founded Euro Car Parts in 1978, Ahluwalia scaled ECP from a single car ...

Negotiating a fair price is the biggest single worry buyers face when purchasing a car, according to eBay Motors Group’s latest Consumer Insight Panel findings. The research of over 2,000 in-market decision makers identified how conversations with dealers about prices is the biggest turn off for both used (53%) and new (50%) buyers. Other main bugbears cited by used buyers ...

Vertu Leeds Jaguar Land Rover has celebrated the recent accomplishments of two of its colleagues, Joshua Belton and Stein Pieterson, who have become ‘master technicians’. This latest achievement brings the total number of master technicians at the dealership to five, showcasing Vertu Motors’ commitment to professional growth and expertise. Joshua Belton, 24, began his journey with the Vertu Motors group ...

On 25 October Russell Newton of Ford UK presented Paul Wooding, director at John Darke, the prestigious Ford Chairman’s Award. The award acknowledges John Darke’s performance in both sales & service. The Chairman’s Award, the highest honour a UK dealership can receive from Ford, is given to the dealers that deliver consistently over the course of a full year. It ...

The main themes from Inchcape‘s interim results continued throughout its third quarter, including progress on the integration of Derco, improving car supply, and strong margins. Group revenue of £2.8bn in Q3 2023 represented a 35% increase from Q3 2022, aided by acquisitions but also strong organic growth of 10%. Distribution revenue (+47% reported) benefited from the inclusion of Derco. The ...

Pendragon has announced shareholder approval to sell its UK motor retail and leasing businesses to Lithia Motors for £367m, then transition to a pure-play software business under the Pinewood Technologies name. Subject to completing, the deal will see c. 24.5p distributed to shareholders in Q1 2024 and Lithia subscribing to 16.6% of shares in the ongoing listed entity, leaving existing ...

UK car manufacturing rose by 39.8% in September with 88,230 vehicles leaving British factory lines – 25,105 more than the same month last year, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). It means September is a triple success for the sector, with it being the strongest month of growth in 2023, the ...

Vauxhall has partnered with online car marketplace, Carwow, as it continues to accelerate the Electric Streets of Britain programme launched in summer 2023. Through access to carwow’s extensive database, Vauxhall can work with councils to pinpoint where interest in electric vehicles (EVs) is strongest across the country and where requirement lies for on-street charge point installation to be accelerated. Figures ...

Independent Ford retailer Peoples has reported a significant rise in turnover and says financial performance across the business – particularly in aftersales – has “exceeded expectations”. Turnover increased to £306.8m (up 11.3% on the previous year). While the company posted a pre-tax profit of £7.67m, down slightly on last year’s record-breaking £8.48m, it celebrated a 2.5% return on sales, representing ...