Manor Park Classics (MPC) has bought out Barons Classic Car Auctioneers and announced its intention to open four or five auction houses at various strategic locations across the UK. MPC now has a foothold in southern England as Barons, operating in Marchwood on the edge of the New Forest, runs monthly sales of classic cars… Continue reading Manor Park Classics acquires Southampton-based Barons Classic Car Auctioneers
Author: Motor Trader Online News
Steve Young Blog: Are dealers in the driving seat?
Headline news in the Dutch press last week was that the Louwman Group had cut all ties with Stellantis, terminating the Opel and Peugeot franchises at retail level from March 1st. This affects a number of dealerships including some acquired just two years ago, formerly Orange Motors. I am not privy to the reasons behind… Continue reading Steve Young Blog: Are dealers in the driving seat?
Victor Zhang acknowledges role of franchised dealers in new entrant success
Jaecoo held its official launch event at the Fairmont Windsor Park, Egham in Surrey. Since arriving in the UK, the brand has built a solid network which currently consists of 71 dealer groups. Victor Zhang, country director of Omoda and Jaecoo, said: “We are using franchised dealerships because we want to have a win-win partnership… Continue reading Victor Zhang acknowledges role of franchised dealers in new entrant success
Dealers go negative on market outlook and higher trading costs
Business running costs has emerged as the most pressing issue for dealers in a survey carried out by trade body the National Franchised Dealers Association (NFDA) Overall, dealers expressed a bleak outlook for 2025, with 71% selecting ‘pessimistic’ in response to how they view the overall trading environment for the year ahead Running costs,… Continue reading Dealers go negative on market outlook and higher trading costs
Dealers and carmakers ‘fall behind’ digital offer from new EV entrants
Dealers and carmakers fall behind new EV providers when it comes to their digital offer. That’s a key finding of the Porsche-owned MHP Consulting research, which looked at the German market to see how carmakers and dealers performed. “The Benchmark Analysis makes it clear that traditional manufacturers and retailers frequently fall below the expectations of the… Continue reading Dealers and carmakers ‘fall behind’ digital offer from new EV entrants
Carwow launches subscription model for dealers
Carwow has launched its first subscription payment model for dealer partners that retail used cars via its platform. Available now, the platform is providing a cost-effective route to reaching millions of car-changing consumers with high levels of purchase intent. John Veichmanis, Carwow Chief Executive Officer, said: “Nine million people change their car every year in… Continue reading Carwow launches subscription model for dealers
Standout Capital investment in Tjekvik to boost development of solutions for dealers
Standout Capital has invested in Tjekvik and become a majority shareholder in the aftermarket solutions company. The company’s founder and management team will retain a significant shareholding in the company and continue to implement future strategy. The investment will help Tjekvik to accelerate the development of new solutions and meet demand for its solutions as… Continue reading Standout Capital investment in Tjekvik to boost development of solutions for dealers
Top three regulatory challenges for dealers in 2025
In this edition of MILS Legal Surgery, Professor Henry Blair takes a close look at three big-ticket issues that dealers should have on your radar in the year ahead. Q: What’s new with Johnson and the discretionary commissions mess? A: Not long ago, the Court of Appeal’s decision in Johnson v FirstRand Bank Ltd, Wrench… Continue reading Top three regulatory challenges for dealers in 2025
Dealers warned to review safety procedure following MOT centre incident involving child
New Auto Tech Limited was fined £10,000 and ordered to pay costs of £6,810 at a hearing at Westminster Magistrates Court on 10 January 2025, following an incident where a child sustained life changing injuries from being crushed by a car. An investigation by the Health and Safety Executive (HSE) found that New Auto Tech… Continue reading Dealers warned to review safety procedure following MOT centre incident involving child
Ford terminates over 50 retail dealers at start of 2025
Ford terminated more than 50 retail dealers in January as part of its restructuring of the network. All but three of the dealers have retained their authorised repairer status, Ford told Motor Trader. Back in 2020 Ford announced that it was going to reduce its network of sales outlets in half over the next five… Continue reading Ford terminates over 50 retail dealers at start of 2025