News

  Volkswagen dealer Parkway saw pre-tax profits fall 20.8% to £5.8m on turnover up 15.3% to £184.6m in 2022. The group, which has Volkswagen dealerships in Derby, Leicester, Kettering, and Northampton and a van dealerships also in Leicester, commented on the economic headwinds and supply issues which impacted dealers generally and on the shortage of technicians which prompted it to ...

Hendy Group has expanded its operations in West Sussex with the opening of a Nissan dealership and the refurbishment of its MG showroom in Crawley. Hendy chief executive Paul Hendy said that Crawley is an important location in the group’s portfolio and said the opening of Nissan and the refurbishment at MG will provide top class facilities for both customers ...

In July the 22 Chinese brands available in Europe sold 25,564, a year on year increase of 131%. Over the same period, their market share doubled from 1.27% to 2.51%. But according to Jato Dynamics, which released the figures, 88% of the volume registered by Chinese manufacturers were from MG, Lynk & Co, and DR Automobiles, brands that are not ...

A legal case brought by 38 car dealers in Australia against Mercedes-Benz has been thrown out by a Federal Court. The dealers brought the case against Mercedes claiming new agency agreements stripped them of the goodwill they had built up over the years. In January 2022 Mercedes-Benz introduced the agency model in Australia where it took ownership of stock, taking ...

UK car production surged 31.6% in July, marking the sixth consecutive month of growth. A total of 76,451 units rolled off factory lines as carmakers recovered from micro-chip shortages, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). It pointed however that output remained -29.4% lower than pre-pandemic July 2019.1 Manufacturing output for the UK ...

The cost of living crisis is forcing consumers to look at buying older cars. Four in five online searches in August were for cars aged five years or older, as the cost of living crisis continued to prompt buyers to consider more affordable vehicles. eBay Motors Group’s Market View analysis identified these older cars accounted for 81% of searches on Motors.co.uk, ...

Aston Barclay’s latest desirability index shows that larger premium SUVs were the most in demand ICE used cars in August. The Jaguar F-Pace topped the ICE desirability index closely followed by the VW Touareg and three Land Rover SUVs – the Velar, Discovery, and Range Rover. Ford’s Puma and the Mazda MX5 were also in the mix. Demand for used ...

Lookers is to raise funds for Action for Children after raising over £150,000 last year for Macmillan Cancer Support and Papyrus Forty employees, including chief executive Mark Raban and chief operating officer Duncan McPhee, signed up for a new, more demanding bike ride challenge for 2023. Four teams of 10 will cycle 935 kilometres from Eastbourne to Edinburgh across eight ...

A couple weeks ago, the UK Independent Automotive Aftermarket Federation (IAAF) signed up to the global Right to Repair movement’s position statement which promotes fair and open competition, and regulation rather than voluntary codes to force access to repair and maintenance information. This reflects the growing complexity of vehicles and the need for access to the vehicle data, and the ...

Used car marketplace Motorway has appointed Oliver Grumell as the company’s first commercial director. Grumell joined Motorway at the end of July after spending four years at Ocado where he led the roll-out of their solution to retailers across the world, including some of the biggest retailers in the US. Prior to Ocado, Oliver was at Tesco for 11 years ...