Carwow has acquired GRIDSERVE Car Leasing from GRIDSERVE. The company will further enhance its car leasing comparison engine, listing its leasing offers alongside those from its existing partners. The leasing operation will run as an independent business unit, led by GRIDSERVE Leasing Director, Rob Buckland. GRIDSERVE focused only on EV models, Carwow intends to expand… Continue reading Carwow acquires GRIDSERVE Car Leasing
Author: Motor Trader Online News
Dealers missing out on millions due to incorrect customer records, says ADS
Over half of all customer records in dealer databases are not updated and may be incorrect, according to Auto Data Solutions (ADS). Dealers may be wasting time and money in their communications, and squandering chances to increase revenue. The research suggests that this inaccurate data could squander millions in missed profits for dealers. Jon Sheard,… Continue reading Dealers missing out on millions due to incorrect customer records, says ADS
Group 1 acquires Soper of Lincoln BMW/MINI
Group 1 has acquired Soper of Lincoln BMW/MINI, located north of London, in the country of Lincolnshire. This acquisition is expected to generate around $125m in annual revenues. Group 1 CEO, Daryl Kenningham, said: “We want to welcome our new teammates from Soper of Lincoln to the Group 1 family and are delighted to expand… Continue reading Group 1 acquires Soper of Lincoln BMW/MINI
Franchised dealers shift cars off forecourts fastest in September
Overall buying activity in the used car market was strong in September, according to Motors. The fastest sales were achieved by franchised dealers (19 days), followed by car supermarkets (20 days) and independents (53 days). Online views across the Motors platform increased by 10% MoM, a new high for 2024 and a 12% increase YoY. Most… Continue reading Franchised dealers shift cars off forecourts fastest in September
Skewed used BEV market inflicted ‘considerable pain’ on dealers
The used car market is seeing too many medium and large electric cars entering the remarketing cycle, and not enough smaller ones for everyday buyers. That’s the view of Andy Webb, head of sales at Brego who said this imbalance was behind the collapse in BEV values over the past two years. “We’re seeing… Continue reading Skewed used BEV market inflicted ‘considerable pain’ on dealers
Thurlow Nunn acquires Lings Hyundai in Lowestoft
Thurlow Nunn has acquired Lings Hyundai in Lowestoft, Suffolk from the Lings Group for an undisclosed sum. The group, which has dealerships across Norfolk, Suffolk, Cambridgeshire, Bedfordshire and Buckinghamshire, now represents Hyundai, MG, Peugeot and Vauxhall. Thurlow Nunn is ranked 69 in the Motor Trader Top 200 Dealer Groups with annual turnover of £246.1m. “Bringing… Continue reading Thurlow Nunn acquires Lings Hyundai in Lowestoft
JLR invests £500m in Halewood plant in EV roll-out
JLR is investing £500m in its Halewood facility to produce electric vehicles, alongside existing combustion and hybrid models at the plant. Originally built in 1963 to produce the Ford Anglia, Halewood is being transformed for the electric era. So far, £250m has been invested in the site, which has been extended by 32,364 sqm to… Continue reading JLR invests £500m in Halewood plant in EV roll-out
Sandal Group sells part-exchange cars through BCA
Yorkshire-based Sandal Group has renewed its contract with BCA to dispose of part-exchange vehicles through the auction. Sandal Group serves customers from BMW and MINI dealerships located in Huddersfield and Wakefield. The Sandal BMW / MINI Group sale takes place every Tuesday and Thursday and offers a great choice of executive and premium models with… Continue reading Sandal Group sells part-exchange cars through BCA
Insurance firm highlights cost of test drive accidents for dealers
Crashes during test drives are costing motor dealers more than £8,000 a year on average. That’s the key finding from research carried out by commercial insurer NFU Mutual. It found that 30% of surveyed motor trade businesses have seen damage caused to their vehicles during customer test drives with one in ten suffering up to… Continue reading Insurance firm highlights cost of test drive accidents for dealers
John Clark adds Kia to ranks with Gillanders acquisition
John Clark Motor Group has added Kia to its list of franchises with the acquisition of Gillanders Motors in Peterhead. Alongside this existing business the John Clark Motor Group will open a new John Clark Select business offering a wide range of premium used cars. The Gillanders team will transfer with the acquisition and the… Continue reading John Clark adds Kia to ranks with Gillanders acquisition