New CEO at Mercedes-Benz Retail Group

New CEO at Mercedes-Benz Retail Group

Angela Shepherd has been appointed as the new CEO at Mercedes-Benz Retail Group, the manufacturer owned UK dealer group. Currently Operations Director at Mercedes-Benz UK, a post she has held for five years, Shepherd will head up a retail group that is rated 14 in the Motor Trader Top 200 with annual turnover of £1.07bn, employs over 1500 staff, and operates from 18 retail sites, […]

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Cambria Profits Up

Cambria Profits Up in a tough year for the motor trade. Cambria Automobiles pre-tax profit rose by 37 per cent to £12.5m for the year to August 31, it has reported.  In its final results for 2018/19, announced via the London Stock Exchange, the franchised motor retailer, which was established in 2006, said it had performed ahead of board and market expectations, enjoying gross profit […]

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FCA Investigating Lookers

FCA Investigating Lookers

FCA Investigating Lookers – The Financial Conduct Authority has begun its investigation into Lookers sales processes first announced in June 2019. The London-listed group, also announced that chief executive Andy Bruce and chief operating officer Nigel McMinn are both stepping down from the board. This will be an interesting indicator of how the FCA intends to operate when looking at the retail automotive sector, and […]

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Stamford and Peterborough MG Dealers

Stamford and Peterborough MG Dealers

Donalds Group are now Stamford and Peterborough MG Dealers. With the opening of the MG Dealership in West Street Stamford, Donalds now represent the brand at 2 locations. Stamford is now a dual franchise, having been a Mazda dealer for some years now, and prior to that representing the Vauxhall brand at the same site.

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Inchcape Sells it’s Fleet Business

Inchcape Sells it’s Fleet Business

INCHCAPE sells it’s Fleet business (IFS) to Toyota Fleet Mobility in a £100m deal. The sale follows the recent disposal of its less productive dealerships in the UK, and retail-only disposals in Australia and China. Inchcape has decided to focus on its core distribution operations and says disposals made to date have successfully streamlined the group. Full story here…

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New Commercial Vehicle Director for Vertu

New Commercial Vehicle Director for Vertu

Vertu Motors has appointed the former managing director of Volkswagen Commercial Vehicles in the UK, Simon Elliott, as its new commercial vehicle director. Vertu issued a statement that his initial emphasis will be on the Vans Direct business that they acquired in January 2019 and on the Group’s Mercedes-Benz commercial vehicle operations. Full story on AM Online

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New Aftersales Director at SsangYong

New Aftersales Director at SsangYong

SsangYong Motors UK has named Mark Burrows as its new director of aftersales, with immediate effect. Burrows has always worked in the motor industry, starting as an apprentice technician with Mitsubishi Motors, moving on to several different roles within the company, including Regional Sales Manager and Field Sales Manager. He replaces Doug Lincoln, who left the company in May to join Nissan as Product Management […]

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Fall in Dealer Earnings

Fall in Dealer Earnings

Average dealer profits have fallen to £28,000 in June, a drop of £13,000 on last year. This has been reported in some areas of the trade as a fall of 53.6%, but whoever worked this out needs some maths training! The figures come from ASE (the automotive industry consultancy) and can be seen here in detail – well worth taking a look at. A fall […]

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“How do you solve a problem like Pendragon”

“How do you solve a problem like Pendragon”

An interesting piece from Car Dealer Magazine. It’s not just about Pendragon, but also about some of the wider issues in the industry as we stand on the cusp of Brexit – well, that’s according to our new Prime Minister! Full article here.

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Inchcape Sells 7 Dealerships

Inchcape Sells 7 Dealerships

Inchcape has disposed of 5 Volkswagen car and van franchises – in Chelmsford, Colchester, Romford and Southend – to Group 1 while Motorline has trebled its Audi representation in Kent with the acquisition of a further 2 dealerships sites from Inchcape Retail. It’s only a few weeks ago that the story surfaced that Inchcape would be reducing the size of it’s network and we’re seeing […]

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Lee Iacocca has died

American motor industry icon has died of complications from Parkinson’s. The automotive industry executive has died at age 94, his daughter Lia Iacocca Assad told the Washington Post. Iacocca, the celebrated businessman behind the Ford Mustang who helped Chrysler stay in business, died of complications from Parkinson’s disease at his Los Angeles home, Assad told the paper.   Full story here…

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New Sales Director for Hyundai UK

New Sales Director for Hyundai UK

HYUNDAI has appointed Rob Turnbull as its new UK Sales Director. Turnbull, who worked for the BMW Group since 2000 (most recently ashead of sales at Mini) , will report directly to Ashley Andrew, Managing Director. An accountant by trade, Turnbull has more than 20 years of experience in the automotive, sales and retail sectors, having worked in senior roles across the BMW Group. He […]

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Greenhous Group – profits almost treble

Greenhous Group – profits almost treble

Greenhous Group, one of the Sunday Times top 100 privately owned businesses, saw profits almost treble to £3.5m in 2018 compared to £1.2m the previous year on turnover of £1.09bn (2017: £1.02bn). The company described 2018 as an “extremely challenging year” with UK new car and van sales under pressure but its fleet and refurbishment businesses were strong. “2018 has been a year of great […]

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Used Car Dealer Jailed

A used car dealer already convicted of tax avoidance after failing to pay £1.1 million in taxes from his home-based retail operation has been jailed for three years. Glenville John Hill, of Spout House Lane, Bromely, South Yorkshire, admitted tax fraud in December 2015 after HM Revenue and Customs (HMRC) discovered he sold more than 1,300 cars from his driveway, but failed pay any Income Tax, […]

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Business Manager Training

Business Manager Training

The first group of business managers to be successfully assessed against the Institute of the Motor Industry (IMI) Accreditation for Finance and Insurance (FI) standards have been recognised by Inchcape Retail. The 10 managers undertook a training programme developed by Group FI Training Manager Ian Woodward to test their capabilities. More on this from MotorTrader.com

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Pentagon Goes with Ford

Pentagon Goes with Ford

THE Pentagon Motor Group has completed its acquisition of three Ford dealership sites from TrustFord. The sites – at Warrington, St Helens and Runcorn – have been rebranded as Pentagon Ford and became fully operational under their new ownership at the start of the new year in the deal for an undisclosed sum. Warrington is a full Ford Store operation, offering customers the complete Ford […]

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Jaguar Land Rover boss warning on “no-deal Brexit”

Jaguar Land Rover’s chief executive, Dr Ralf Speth (pictured), has issued a stark warning about the effects a bad Brexit deal would have on the company. Speaking at the Government’s Zero Emission Vehicle Summit in Birmingham, Speth said: “jobs have been shed when they should have been created. A thousand lost as a result of diesel policy. And those numbers will be counted in the tens of […]

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Jeremy Clarkson is a fan of the defender!

Twisted convert Jeremy Clarkson into a fan of the Defender…

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Dealer groups ‘facing database suicide over GDPR because of misguidance’ – Car Dealer Magazine

THE automotive sector is in the process of business suicide, led by a misguidance scandal over GDPR. That was the shocking claim made today by automotive retail solutions provider MotorVise.GDPR – or General Data Protection Regulation – comes into effect on May 25, replacing the EU’s Data Protection Directive 1995 and the UK’s Data Protection Act 1998. Firms deemed to have misused customer data after it […]

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MoT test changes 2018: new failure categories take effect | Auto Express

Tougher tests for diesel cars plus new Minor, Major and Dangerous defect categories introduced to MoT test. The MoT has undergone some of the most significant changes of its near 60-year history, with the arrival of stricter standards for diesels, and new defect categories for all cars taking effect on 20 May. All cars going through the MoT test will now have their faults judged […]

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Motability boss’s pay ‘unacceptable’ say MP committees – BBC News

The £1.7m salary paid to the chief executive of the firm which runs the Motability disabled car scheme is “totally unacceptable,” say MPs.The remuneration package of Mike Betts has grown by 78% from £954,000 in 2008.Motability said Mr Bett’s pay was based on a comparison with FTSE 250 firms.The Treasury and Work & Pensions committees found funds of £2.4bn were also being needlessly hoarded. The […]

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Ayrton Senna’s F1 car sells for £3.7m at Monaco auction

Ayrton Senna’s Monaco Grand Prix-winning Formula One car has been sold at auction at the Bonhams Monaco sale, almost exactly 25 years after he drove it to victory at the  city circuit. The 1993 McLaren-Ford MP4/8, chassis 6, sold for €4,197,500 after a lengthy and spirited bidding exchange on the Côte d’Azur overlooking Monte Carlo. Source: Ayrton Senna’s F1 car sells for £3.7m at Monaco auction

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Pendragon to sell US retail group and reduce premium UK presence | Car Dealer News

Pendragon will dispose of its US-based retail group and begin the reduction of its premium franchises in the UK as part of a revised business strategy. The business announced a revised plan to shareholders, which chief executive Trevor Finn said “will provide more reliable and sustainable returns”, today. The group’s new strategy will see the disposal of its five franchised outlets – with Jaguar Land Rover, […]

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Paul Williams resigns as CEO of SsangYong UK

SsangYong Motor UK has announced that Paul Williams has resigned as CEO of the company after 6 years and before that had served as MD of Kia Motor UK, director of sales and marketing with Mitsubishi Motors UK and MD of Daihatsu UK. In the year to August SsangYong generated new car registrations of 2,551, 10.6% down on the previous year in a market down […]

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New year honour for North East dealer group MD – Car Dealer Magazine

  North-east car dealer Nas Khan, owner and managing director of Jennings Motor Group, has been honoured for his charity work and contribution to the economy with an OBE in the Queen’s New Year Honours list. Jennings operates Ford, Kia, Mazda, Seat and Mitsubishi branches, in addition to two Harley-Davidson dealerships and even a Subway store. Khan is also founder of the Emaan Foundation charity and […]

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Profit ‘not an issue’ as CarGurus guns for Auto Trader

TripAdvisor internet entrepreneur Langley Steinert claims that his new venture, CarGurus, is aiming to top the online car retail segment, stating “profitability isn’t an issue” as they target Auto Trader and Motors.co.uk. Steinert, the founder of travel review and bookings site TripAdvisor, sold his former business back in 2004 and has since shot to the top of the US automotive internet retail tree with his […]

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Inchcape Group announces strong global Q3 performance

THIRD quarter figures released today by Inchcape PLC have revealed a strong performance in constant currency terms, in line with expectations for the year. The company, which trades in 27 markets worldwide, has seen a mixed result in some regions but with solid growth in South Asia, Europe and the UK, the quarter as a whole has been a robust one. Like-for-like revenue in North […]

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JCT600 grows apprenticeship scheme in 2016

JCT 600 has grown its apprentice programme in 2016 and now has 185 apprentices working across the business in a variety of roles. The Bradford-based company, which is rated 12 in the Motor Trader Top 200 with annual turnover of £1.03bn, is in the final stages of appointing the last five apprentices in this year’s intake. This year, JCT600 has again offered apprenticeships at most […]

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New car sales soar across Europe, but UK registrations see weak growth

Nearly 1.5m brand new cars were registered across Europe last month, representing a 7.1% increase on 2015 and the strongest September for a decade. All but three European markets reported an increase in new car sales. Romania, Hungary and Latvia saw the biggest leaps of 62.7%, 31.1% and 29.2% respectively. Ireland, the Netherlands and Greece each saw new registrations fall by between 1% and 10%. […]

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Mitsubishi joins Renault-Nissan Alliance

Mitsubishi has joined the Renault-Nissan Alliance following Nissan Motor Company’s acquisition of a 34% equity stake in Mitsubishi Motors to become its largest shareholder. With the addition of Mitsubishi, the Alliance will be in the world’s top three automotive groups by global volumes, with sales of 10 million units in the 2016 fiscal year. Renault-Nissan Alliance chairman and CEO Carlos Ghosn (pictured) has become chairman […]

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