A VOLVO dealership has doubled its workforce in the build up to the opening of its new £1m showroom. Based in Lincoln, Stoneacre Volvo unveiled its new facility last week where the decision was also made to increase the dealership workforce by recruiting new staff. The new showroom on Kingsley Road is the first purpose-built Stoneacre Volvo dealership in the UK, after the company’s head […]
Top Gear quiz – Telegraph.
Cambria Automobiles turned in a strong performance in the year to 31 August, 2013 with underlying pre tax profits up 32% to £4.1m on turnover up 12% to £395.8m. New vehicle volumes rose 16.1% over the period compared to the market as a whole, which rose 9.8%. Used car volumes rose just 1.6% but the gross profit on used sales increased by 8% to £17.5m, […]
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Vertu Motors has acquired two Hyundai dealerships in Edinburgh in two separate transactions from Phoenix Car Company and Archers of Edinburgh. The assets acquired include two leasehold properties in motor retail areas to the East and West of Edinburgh. Both of the dealerships will be rebranded under Vertu’s Macklin Motors brand and take Vertu’s total amount of dealerships in the UK to 101. The aggregate […]
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The IMI has appointed motor industry veteran Graham Smith OBE as its new president. Smith is executive advisor to the president of Toyota Motor Europe and managing director of its London Office. He joined Toyota GB in 1993 and was appointed managing director in 1996. In 2006, he joined Toyota Motor Europe as senior vice-president external affairs and managing director London Office, external affairs. “The […]
Quiz: Do you know your supercars? – Telegraph.
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Peoples, one of the UK’s biggest solus Ford dealer groups, has marked its 30th anniversary by doubling its profits for the last financial year. The group saw pre-tax profits to the year ended 31 July double to £4.047m on turnover which grew 26.7% from £39.16m to £185.9m, setting a new record for the group. The group, rated 71 in the new Motor Trader Top 200, […]
Ford is planning to shake up its UK dealer network in the next few years with a raft of changes, including the loss of up to 10% of its current sites. The news was revealed by Mark Ovenden, MD and chairman of Ford of Britain, who said brand’s traditional attitude – one of “if in doubt, put a dealership in” – was changing. He explained: […]
The average UK car dealer made a profit of £67,000 during the September plate-change, according to ASE. This represented a year-on-year increase of over £10,000. ASE said average dealer profitability for the first nine months of the year was £180,000 and helped push return on sales up to 1.6% for the period. “These record levels of average profitability have been driven by vehicle sales department […]
Sue Myers, former sales process finance and insurance director at Marshall Motor Group, has been appointed to the new senior role of head of sales process at GForces. She will be responsible for devising and implementing strategies that help vehicle retailers and manufacturers train their staff and tailor their processes in order to become more effective in promoting and selling products and services online. Myers’ […]
Tesla, the US premium electric car manufacturer, has opened its London flagship dealership. The showroom, or Tesla store as the carmaker calls it, is in London’s Westfield Shopping Centre and was opened by Tesla founder Elon Musk, who’s been recruited by the UK Government to advise it on electric car markets and future mobility. Tesla wants to do things differently, with a network of manufacturer-owned retail […]
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Quiz: Old bangers – Telegraph.
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Average used car values have risen by 10% year on year, according to the latest BCA Pulse report. The auction house noted how an on-going shortage of good quality stock, combined with a highly competitive trading environment, as the economy shows signs of recovery, has helped to push up values to their second highest monthly average levels since 2005. October values climbed by £167 (2.4%) […]
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Glass’s Guide has revealed the fastest and slowest selling used cars in the UK (see table below). The fastest selling was the Ford B-Max (pictured), which took on average 32 days to shift off forecourts followed by the Land Rover Discovery and Discovery 4, in joint second place, which took too days longer, at 34 days. In third place was the Peugeot 307 SW, taking […]
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