Author: Aimee Turner
Tandem Motor Finance has signed a brand new take care of iVendi that may enable the corporate to supply its products to “1000’s” of additional automobile dealers. The partnership introduces a brand new point-of-sale platform, designed to streamline the distribution of motor finance across vehicle retailers. This platform facilitates easy handling of quotations and applications for each online and showroom purchases, while ensuring a high level of compliance. Dave Anderson, sales director at Tandem’s motor finance division, said: “That is an exciting development for us, which can help extend our market reach and ensure more dealers grow to be aware…
The sale of a Lincoln motor trade complex will see family-run Sandicliffe extend its East Midlands dealership footprint, complementing its existing locations in Nottinghamshire and Leicestershire.While the ultimate sale price achieved for the previous Charles Warner 2.78 acre-site on Lincoln’s Outer Circle Road stays undisclosed, agent Eddisons reports that it was inviting offers within the region of £2.5 million for the entire complex, including the excellent set of integral automotive sales and servicing buildings, offices and ancillary properties, totalling 43,210 sq ft.Based on Will Wall, director at Eddisons, who led the deal, the situation sees the dealership arrange in a main…
The European Union has made a decisive move to implement tariffs of as much as 45% on electric vehicles (EVs) manufactured in China.The European Commission, which received enough support from member states, views the tariffs as a protective measure to safeguard Europe’s automotive manufacturing industry from being undercut by lower-cost Chinese imports.“The EU and China proceed to work hard to explore another solution that may must be fully WTO-compatible, adequate in addressing the injurious subsidisation established by the Commission’s investigation, monitorable and enforceable,” stated the Commission. Login to proceed reading Or register with AM-online to maintain up to this point…
Research by Warranty Solutions Group (WSG) reveals that electric vehicles (EVs) are significantly more costly to repair than their internal combustion engine (ICE) counterparts.In line with WSG’s evaluation of EV warranty claims for 2023-2024, repair costs for EVs are, on average, 30-50% higher.Amongst essentially the most common EV issues are failures in battery charge control modules, power distribution boxes, warning lights and shock absorbers. Login to proceed reading Or register with AM-online to maintain up thus far with the newest UK automotive retail industry news and insight. This Article First Appeared At www.am-online.com
The Manchester-based automotive team at UHY Hacker Young – auditor for the dealer categories within the AM Awards – has turn into a part of fast-growing accountancy firm Cooper Parry.The renowned automotive advisory team, led by Dave Kendrick (pictured), Paul Daly and Ian McMahon, has steered a number of the most vital industry deals to completion including most recently managing the DM Keith acquisition of automobile and motorcycle dealer group Colin Appleyard.This deal increases the top-15 firm’s specialist team to over 1,400 professionals across audit, tax, outsourcing, and deals and pushes the firm’s group turnover to £180 million. Login to proceed…
AM100 heavyweight Stoneacre Motors has acquired a brand new dealership owned by Close Motor Company in Peterborough, adding Isuzu to its portfolio.The newly acquired dealership is positioned on Newark Road, next to the prevailing Stoneacre Peterborough SEAT and CUPRA dealership.“This proximity allows us to supply a broader range of vehicles and services, ensuring a convenient and comprehensive customer experience,” the business said.“This acquisition strengthens our promise to exceed the expectations of each customer, offering more options and the identical high level of care our customers have come to expect.”At first of this yr, Stoneacre added to its portfolio of Mazda franchises…
Regional automobile dealer group Thurlow Nunn is extending its Suffolk footprint with the acquisition of Lings Hyundai in Lowestoft, adding the Korean marque as its fourth automobile brand.With a powerful presence across Norfolk, Suffolk, Cambridgeshire, Bedfordshire and Buckinghamshire, the addition of the Hyundai brand follows the launch of its first MG franchise in East Anglia.Thurlow Nunn also recently opened a brand new Peugeot showroom in Norwich and said it now has plans to introduce several recent Stellantis franchise points by the tip of 2024. The dealership group can be a Honda aftersales retailer. Login to proceed reading Or register with…
Carwow has unveiled a brand new promoting campaign aimed toward expanding its audience and connecting retailers with more consumers. With the tagline “Automotive-change? Carwow,” the campaign underlines how even the smallest features on a vehicle could make a big difference when trading up, helping consumers change cars with confidence. Data from Carwow indicates that just about half of consumers find the strategy of changing their automobile stressful. To deal with this, the campaign features a TV ad featuring Carwow brand ambassador Mat Watson, which is able to run within the UK from September 23 to October 27. The ad will…
Jon Wakefield is stepping down as Harwoods chief executive and can leave the AM100 dealership group with immediate effect.Archie Harwood, currently chief transformation officer, will resume the role of chief executive after stepping down from the highest position in January last yr to give attention to the event of the corporate’s technology platform.William Fall, Harwoods chairman, said: “For the reason that end of Covid, the industry has faced numerous headwinds, including global supply chain challenges, economic uncertainty and changes within the OEMs’ relationship with their dealer networks. “As for others in our position, the business environment has been difficult and I thank Jon…
The European Commission has pushed back against automotive makers’ calls to delay the upcoming 2025 CO2 reduction targets, asserting that the industry has had ample time to arrange for the changes. Under current EU regulations, manufacturers must reduce average CO2 emissions of their vehicles by 15% by next 12 months, in comparison with 2021 levels. Nonetheless, a leaked industry paper, reportedly spearheaded by Renault and its CEO Luca de Meo, who also heads the European Automobile Manufacturers’ Association (ACEA), had suggested a two-year delay. The paper warns that carmakers face potential fines of as much as €16 billion in the event…
