Wholesale funding provider NextGear Capital has streamlined its application process to make it easier and faster for smaller independent dealers applying for a £50,000 facility. NextGear Capital’s Stocking Plan, for example, funds 100% of the hammer price/CAP clean plus auction and delivery fees and allows instant confirmed payment at 70+ auction and wholesale partners. Managing Director Darren Mornin said: “This ...

I was in Munich at the start of this week, unfortunately fully immersed in client work and unable to actually visit the IAA Mobility Show that has taken over the traditional Frankfurt Motor Show slot in the calendar.  However, I got some flavour of it through some side-meetings, exhibits that were on the streets in the city centre and obviously ...

Fewer than half of drivers are currently willing to embrace EVs because of concerns over affordability and charging. That’s the headline conclusion of the latest Road to 2030 report from Auto Trader, which highlighted the barriers to mass adoption of EVs as the 2030 deadline on the sale of new petrol and diesel vehicles approach. Its research, based on a ...

Auto Trader launched today a new industry EV Hub to enable retailers to keep track of the electric vehicle market, It will include the latest used EV retail pricing data and speed of sale, as well as new and used levels of EV supply and demand. According to Auto Trader the hub will provide retailers with the latest EV related ...

Consumer Duty is top of the agenda at the Motor Trader Retailing EXPO 2023, which takes place in Silverstone on 17 October. John Hughes, CEO at Mann Island Finance (pictured), will shine the spotlight on Consumer Duty and its impact on dealers. In his presentation and the panel session afterwards, he will look at how it was launched and its ...

Drive Motor Retail has won five of the 22 Vauxhall Customer Excellence awards for 2023. Its Bury St Edmunds, Stockton-on-Tees, Leamington Spa, Redcar, and Hartlepool sites were recognised by Vauxhall for their dedication to delivering a consistently first-class customer experience. It said this is the eighth consecutive year that Drive have been awarded a Customer Excellence award, as well as ...

  Dealers should be ready for 2024’s used car finance market to become increasingly competitive, we’re predicting at iVendi. A range of emerging factors mean that larger volumes of used car sales, an ongoing readjustment of vehicle values, and lenders looking to move into new sectors are all likely to have an impact. Our view is the even if we ...

Northern Ireland dealer Pat Kirk is refubishing its Nissan dealership in Omagh to the tune of £400,000. Park Kirk holds the franchises for Ford, Nissan and Mazda with showrooms in Omagh and Strabane. The Omagh Nissan outlet gets new signage and CI and an improved and redesigned customer areas and upgraded staff facilities. The refurbishment is due to start this ...

Chinese car brand HiPhi has opened its first first HiPhi Hub in Europe, based in Munich, Germany. HiPhi was established in 2017, a premium EV brand belongs to Chinese technology and mobility company Human Horizons. It is one of a number of Chinese brands with plans to expand in Europe. There are already hubs at 100 locations in Chine. The ...

The first all-electric vans have rolled off the production line at the Stellantis Ellesmere Port manufacturing facility. Ellesmere Port is the UK’s first EV-only manufacturing plant and the first Stellantis plant globally dedicated to electric vehicles, following a £100m investment to transform the plant for EV production. The Ellesmere Port plant will produce the Vauxhall Combo Electric, Opel Combo Electric, ...