Nissan Motor (GB) has sold its 13 West Way sites it owns to a handful of dealer groups. The acquisitions will be completed by the end of August, with 450 West Way employees transferring. The latest results filed at Companies house saw Westway turning in £9.1m pre-tax loss in 2020 on turnover of £285.5m. Yeomans… Continue reading Nissan Motor (GB) sells 13 West Way sites to dealer groups
Author: Motor Trader Online News
Armstrong Watson acquires ASE professional services arm
Armstrong Watson has acquired the professional services arm of global automotive solutions provider ASE. ASE’s specialist automotive tax, audit and accountancy team has joined Armstrong Watson in a new office based in Cheadle, Greater Manchester, with motor dealer tax expert, Michelle Malone, heading up the firm’s Automotive sector. Rob Jones, former Director of ASE said:… Continue reading Armstrong Watson acquires ASE professional services arm
Nissan restructures UK network and calls for investment from dealers
Nissan is ‘reshaping’ its UK network with a reduction in the number of dealerships from over 160 to 140. The number of service outlets remained unchanged at 160. The so called ‘Ideal Network Plan’ will call on dealers to make further investment in premises, infrastructure and digitisation to cater for electrification and changes in retailing.… Continue reading Nissan restructures UK network and calls for investment from dealers
Mazda names top performing dealers in All-Stars Awards
Mazda has recognised the top performing dealerships in sales and aftersales at its annual All-Stars awards. Now in its third year, the awards celebrate the top 25 Sales and top 25 Aftersales dealers in the 122-strong network as well as star performers nominated for their individual stand out performance and contribution in the Mazda All-Stars… Continue reading Mazda names top performing dealers in All-Stars Awards
Dealers change profile of cars in stock as consumer spending falls
The majority of dealers have changed the profile of cars they stock on forecourts as consumer spending comes under pressure. Sixty-three per cent of dealers have changed the types of cars they are stocking in response to the cost of living crisis, the dealer section of July’s Startline Used Car Tracker shows. More economical cars… Continue reading Dealers change profile of cars in stock as consumer spending falls
Steer Automotive acquires AW Accident Repair Centres
Steer Automotive Group has acquired AW Accident Repair Centres’ outlets in the East Midlands, including Nottinghamshire, Lincolnshire, Yorkshire and Derbyshire Founded in 1998 by CEO Andrew Walsh, AW Repair Group now has 12 centres, employing 200 staff. Turnover in 2021 was £18.3m. The group opened a new centre in Boston in December 2020 and Libncoln… Continue reading Steer Automotive acquires AW Accident Repair Centres
Used car values averaged £8,451 at BCA in May
Used car values averaged £8,451 at BCA in May 2022. While May 2022 values were down month-on-month (-£131/-1.5%), they were ahead year-on-year by just over 0.5%, with an increase of £44 compared to those seen in May 2021. Data from BCA Valuations shows that used car demand from dealers and car supermarkets is increasingly focused… Continue reading Used car values averaged £8,451 at BCA in May
BCA launches retail ready sales programme for dealers
BCA has launched a daily sales program providing vehicles in a condition that are ready to be retailed. It claims the used vehicle quality standard achieved sits ahead of any of the current standard auction grading. Each vehicles exceeds Grade 1 cosmetic condition, has a clean Assured mechanical report, recently passed a MOT and been… Continue reading BCA launches retail ready sales programme for dealers
Values of used cars sold by dealers rocket 34% in three months to April
The value of used cars sold on finance at the point of sales surged 34% in the February, March, April period, according to the latest figures from the Finance & Leasing Association. But it warned that consumer spending on motors was expected to slow in the second half of the year as inflation and higher… Continue reading Values of used cars sold by dealers rocket 34% in three months to April
Renault Group acquires garage finder start-up Fixter
Renault Group has acquired start-up Fixter, a digital platform that connects retail and professional customers to local garages for vehicle maintenance across all brands. This acquisition is part of the digitalisation of the group’s after-sales business unit. In the independent after-sales market, Fixter will benefit from the support of the multi-brand network of “Motrio” garages… Continue reading Renault Group acquires garage finder start-up Fixter