News - Page 1134

Dealers pursuing a ‘class action’ against HM Revenue & Customs could stand to win four times the amount of VAT compound interest owed to them on demonstrator vehicles, sums that could run into millions of pounds.

Manheim has acquired NXGN, the UK’s provider of online motorcycle marketing solutions, for an undisclosed sum.

After a period of regular acquisitions and expansion, UK No1 dealer Pendragon faces its biggest challenges since it was formed in 1989.

Rolls-Royce Motor Cars has launched its first approved used car programme for its six UK dealerships, aiming to give customers similar quality assurance and service to a new car.

Staffordshire-based retail group Knights BMW and Mini has opened its £10m new-build site at Radial Park near Stoke-on-Trent. It will be one of the largest BMW dealerships in the country.

Portsmouth-based Hendy Group will open its a multi-million pound new dealership in Eastleigh at the end of July, housing its second Kia franchise alongside its existing local Ford and Mazda franchises which will be relocated to the new site.

Audi Warrington has relocated to a new site on Gemini Retail Park, Westbrook in Warrington after outgrowing its previous location.

Rolls-Royce Motor Cars has unveiled its new Phantom Drophead Coupé for the first time in Spain, at its dealership in Marbella.

Retail demand for used 4x4s is flagging, while new figures show that depreciation has been significantly steeper than in other vehicle sectors over the past two years, according to new research by CAP.

Shay Bannon, Toby Underwood & Graham Newton, business restructuring partners at BDO Stoy Hayward, have been appointed as Joint Administrators of Dixon Motor Holdings Ltd, trading as Dixon.

Prices for the majority of mass market three-year-old cars have been falling at an above average rate in recent months, according to EurotaxGlass's.

A new website aimed at providing small garages and automotive engineering firms with a range of high quality safety footwear has been launched.

Caffyns has issued an interim management statement declaring the ongoing progress of the group since publishing its end of year results.

Dealers pursuing a ‘class action’ against HM Revenue & Customs could stand to win four times the amount of VAT compound interest owed to them on demonstrator vehicles, sums that could run into millions of pounds.

Honda UK has appointed Harvey Hughes to lead its corporate sales department.

UK passenger car production saw a 1.3% drop to 137,502 units in June.

In the words of author W.L.Bateman, “if you keep doing what you’ve always done, you’ll keep on getting what you’ve always got”.

Honda’s Civic Hybrid and Skoda’s new Fabia have received their ratings from the latest Euro NCAP safety tests.

The National Franchised Dealers Association has asked the new Minister for Competitiveness, Stephen Timms, to reduce red tape to help small businesses.

Dealers can now register for Specialist Automotive Finance (SAF), the Finance & Leasing Association’s initiative to stem the decline in point-of-sale finance.

Carlyle Finance chief executive officer Mark Standish has praised dealers for their support at the start of a series of changes aimed at boosting motor finance point-of-sale business.

Paymentcare.co.uk is set to sign agreements soon with dealer groups so they can sell payment protection insurance (PPI) in competition with direct and high-street lenders.

The Warranty Group has appointed Ian Cooper as sales director of its Motorplan division.

Fiat is claming an industry first with Future Value Finance (FVF), introduced to coincide with the launch of the Bravo, which offers a hire purchase scheme with a PCP-style guaranteed residual value.

The RAC has spent much of the past decade wedged between the establishment AA and the upstart Green Flag, but is now trying to lift its image.

The Lifestyle Group has started work on a new Mazda dealership in Horsham.

Volkswagen Commercial Vehicles has appointed Stephen Bateson as head of aftersales and customer services.

CAP has appointed Clive Wilson as its new national sales manager for SMEs.

Ever wondered how cheap a really simple, back-to-basics new car could be? The eponymous boss of Asian manufacturer Tata has.