TrustFord has bought a Ford dealership from Cambria Automobiles in Wimbledon. The factory owned dealer group headed up by CEO Stuart Foulds (pictured) has also taken over the Ford franchise for new car and commercial vehicle customers in the Croydon area. The Wimbledon site was rebranded as TrustFord and is now fully operational with plans… Continue reading Cambria sells Wimbledon Ford dealership to TrustFord
Author: Motor Trader Online News
Cazoo sells 25,000th car in 18 months
Cazoo has today reached the milestone of having sold its 25,000th car since its launch less than 18 months ago. Over the past 18 months, Cazoo has expanded its fleet of delivery transporters to over 180 and opened 17 collection centres across the UK. Cazoo announced back in March its plans to list on the… Continue reading Cazoo sells 25,000th car in 18 months
Valsoft Corporation buys ASE Automotive Solutions
Valsoft Corporation has bought ASE Automotive Solutions for an undisclosed sum. For nearly 50 years, ASE has been working with the world’s leading automotive brands and their dealer networks to drive profitability, mitigate business risk and improve operational performance. Rob Jones (CEO), Mike Fazal (CCO) and the global leadership team will continue to lead the… Continue reading Valsoft Corporation buys ASE Automotive Solutions
Used car values see largest increase in 12 years
The used car market is going strong, as cap hpi reports an overall increase of 2% at the 3-year point during April, equivalent to c.£275 per vehicle. This rise is higher than in any month since March 2009. It comes at a time of year when traditionally values tend to drop. However, once the dealerships… Continue reading Used car values see largest increase in 12 years
Lotus launches new retail format for dealers
Lotus has launched a new retail identity programme, which is being rolled out in showrooms across the world. The first location will open for business in Manama, the capital city of Bahrain, in the Middle East. The brand is adopting a multi-channel strategy to selling its cars. Lotus also revealed details of the replacement for… Continue reading Lotus launches new retail format for dealers
heycar doubles payment terms to 60 days for dealers
heycar is extending the support it provides dealers as showrooms reopen by doubling payment terms to 60 days until the end of Q2. It will see payment terms extended from 30 to 60 days until July 1st, providing dealers with welcome breathing space as they reopen as part of the Government’s plan to ease lockdown… Continue reading heycar doubles payment terms to 60 days for dealers
Caterham Cars acquired by Japan based VT Holdings
Caterham Cars has been acquired by Japan-headquartered automotive group, VT Holdings. The company assumes custodianship of the British sportscar brand having been the Japanese importer for the Seven since 2009, where it currently sells over 120 cars annually. As one of Japan’s largest retailer groups with over 200 showrooms nationwide and investments in UK, Spain,… Continue reading Caterham Cars acquired by Japan based VT Holdings
Premium SUVs fastest selling used cars in March as dealers see fastest stock turn of 2021
Premium brand SUVs led the fastest selling used cars in March. According to eBay Motors Group this was a result if buyers, cooped up in lockdown, turning their attention to aspirational purchases. According to it’s Market View, Volkswagen’s Touareg was the fastest selling model in March, taking an average of just 29 days to sell… Continue reading Premium SUVs fastest selling used cars in March as dealers see fastest stock turn of 2021
Pandemic has ‘profound’ impact on dealers sourcing used cars
The pandemic has had a “profound effect” on dealer buying behaviour, with businesses turning to a variety of sources to keep their forecourts stocked with used cars. A survey by NextGear Capital found that two-fifths of dealers have used digital-only auctions more in the last 12 months, and 44% report having bought more stock direct… Continue reading Pandemic has ‘profound’ impact on dealers sourcing used cars
Vertu Motors acquires Honda dealership from Hepworth Motor Group
Vertu Motors has acquired a Honda dealership based on Leeds Road, Huddersfield from Hepworth Motor Group to grow its Yorkshire presence to 23 sites. The business, which also holds an authorised repair contract for Mitsubishi, has been located in Huddersfield for 40 years. All colleagues will remain at the dealership following the acquisition, ensuring continuity… Continue reading Vertu Motors acquires Honda dealership from Hepworth Motor Group