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Comline Group, the automotive parts supplier, is relocating from Luton to a larger 70,000sq ft facility in Bedford, as a result growth in the business.

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“new global production reality” shaped by China’s rapid rise and changing consumer demands. “Over the last 18 months, we’ve seen a fundamental shift in where and how cars are being built,”

Also during July, NextGear Capital, Cox Automotive's wholesale stock funding business, reported average cost per unit increased to £7,529 (2017: £6,837) as average holding days increased slightly from 56.8 to 58.5 days.

Cox Automotive has reported signs of a positive upturn in the used car market after a 7% rise in prices at its Manheim auction centres during July.

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Full year 2023 new car sales data shows Volkswagen dominated the UK’s new car market in 2023, ending the year with 162,087 registrations and market share of 8.52%, almost a whole percentage point ahead of nearest rival Ford’s 7.57%.