The Sunday Times Rich List has revealed the UK’s most affluent dealers. Geoffrey Warren, owner of Car Giant, topped the list of those who’s wealth comes from car sales, with a worth of £2.552bn, up £1.107bn from last year to be ranked 68th (2021: 148). Lady Philomena Clark and family, owners of Scottish Group Arnold… Continue reading Sunday Times Rich List reveals most affluent dealers
Author: Motor Trader Online News
Dacia dealers to get new look showroom interiors in network revamp
Dacia dealers are to get new look interior layout, complementing the new look exterior identity launched in June 2021. The final stage of implementing the new visual identity comes towards the end of the year when the revised logo will feature on all new Dacia vehicles. In January 2021, Luca de Meo, CEO of Renault… Continue reading Dacia dealers to get new look showroom interiors in network revamp
iVendi advises dealers to “maximise” online presence as used market slows
A five point plan to help dealers maximise the effectiveness of their online presence has been issued by iVendi. This comes as the used car market finally starts to lose growth momentum. Darren Sinclair, CCO, said that while the sector remained quite buoyant, the market peak had now probably been passed, caused by factors such… Continue reading iVendi advises dealers to “maximise” online presence as used market slows
Brayleys Cars buys Orpington Honda from Lookers
Hertfordshire-based Brayleys Cars has bought Orpington Honda from Lookers for an undisclosed sum. The acquisition gives the group coverage for the Japanese manufacturer around the M25 and positions it as Honda’s largest private franchisee in the UK with eight showrooms and ten aftersales outlets. The Orpington outlet joins Brayley Honda’s network of dealerships in Enfield,… Continue reading Brayleys Cars buys Orpington Honda from Lookers
Dealers miss out on vehicle health check business
Dealers are not optimising EVHC opportunities post pandemic. This is according to REALtime Communications Commercial Director Alistair Jeff, who said: “I’m sure that many business leaders will be concerned that the average conversion of urgent red work identified through a detailed EVHC has fallen to 52.1% from the three year highpoint that arose in the… Continue reading Dealers miss out on vehicle health check business
INEOS announces UK dealers with first to open in June
INEOS Automotive has nominated the partners that will operate the first 24 retail sites in the UK. These are among the first 160 locations to be confirmed in markets around the world. By the end of 2022 INEOS plans to have a network of 200 sales and service sites for the Grenadier spanning over 50… Continue reading INEOS announces UK dealers with first to open in June
Vertu buys freehold of Derby multi-franchise dealership for £7.1m
Vertu Motors has bought the freehold and long leasehold interests in a multi-franchise site located in Derby in a deal worth £7.1m It has operated the 5.5-acre Derby multi-site since September 2012, when the trade and assets of the dealerships were acquired from Co-operative Group Motors. Vertu was granted a lease on the premises which… Continue reading Vertu buys freehold of Derby multi-franchise dealership for £7.1m
Dealers donate items to SVA charity auction raising £48,000
Shoreham Vehicle Auctions (SVA) has raised over £48,000 for Chestnut Tree House Children’s Hospice (CTH). The charity auctions were held over the week starting March 14th and saw multiple car dealers across the south coast come together in support of the fundraising, by donating part exchange cars as well as making pledges to support families… Continue reading Dealers donate items to SVA charity auction raising £48,000
Fortegra acquires ITC Compliance for undisclosed sum
US giant Fortegra has acquired ITC Compliance for an undisclosed sum. ITC provides Appointed Representative (AR) status to over 1,000 dealers in the UK, allowing them to motor sell finance and insurance products without having to pay Financial Conduct Authority fees and seek FCA authorisation. Dealers on its books include JCT600, TrustFord, Glyn Hopkin and… Continue reading Fortegra acquires ITC Compliance for undisclosed sum
Peugeot dealers to activate digital service record for customers
Peugeot has launched a new digital service record enabling customers to keep all maintenance and service operations in one place The new Digital Service Record will store all servicing and maintenance information so that customers can have all important details at their fingertips via the MyPEUGEOT app. Drivers can activate their Digital Service Record in… Continue reading Peugeot dealers to activate digital service record for customers