Yeomans Group has completed the acquisition of 11 Audi, Volkswagen, VW Commercial Vehicles and Skoda franchised car dealerships from Helston Garages for an undisclosed sum.
Consumer demand for motor finance remains strong despite surging interest rates, with engagement up 46% on pre-pandemic levels according to Auto Trader.
Car retailers will need to brush up their knowledge of car manufacturers’ advances in electric vehicle (EV) battery technology advances to avoid a slump in value set to impact so-called ‘black cars’.
Zuto has increased its market share by 7% in the last year, outperforming the used car market which grew by 6% in the same period.
Lookers’ Charles Hurst car retail division has struck an agreement with sports car maker Lotus Cars to develop its only dealership in Northern Ireland.
Luxury and supercar retail group HR Owen claims to have introduced new technology which streamlines its online customer journey to make it “more geared towards their curiosities and desires than ever before.”
ICDP managing director Steve Young believes the decision of Stellantis, Ford and Volvo to delay their roll-out of the agency model retail agreements for their franchised car dealers is a positive step.
Advertisement feature from MB Advertising
Plans to expand London’s ultra-low emissions zone for older cars and vans will have a disproportionate impact on the capital’s “most deprived communities and motorists”, the National Franchised Dealers Association (NFDA) has said.
The Institute of the Motor Industry (IMI) has celebrated the talents of some of the UK’s top young technicians after revealing the winners of its 2022 Skills Competition.
