Author: Aimee Turner
LKQ Euro Automotive Parts is looking on technicians to be certain that they’ve accomplished their 2024/25 MOT CPD training before the tip of March, ahead of changes to the testing process designed to forestall fraud. Lee Chapman, head of support and LKQ Academy, said: “As recently as February, the DVSA reported that greater than 28,000 testers were yet to take their annual CPD assessment, representing an enormous chunk of the aftermarket’s workforce. “Those that miss the deadline shall be suspended and are then required to exhibit in person to a DVSA representative that they will perform an MOT test on…
Latest data from Dealer Auction’s EV Performance Review shows a gradual and consistent performance from alternatively fuelled vehicles (AFVs) in February, with sold prices on the rise and a number of other high-performing models, led by the hybrid Hyundai Tucson. The web marketplace reported that the common sold price on AFVs increased by slightly below 5% to £17,766 – its highest level since Dealer Auction began monitoring the performance of AFVs from January 2024,which it believes bodes well for the sector in 2025. The common age of AFVs fell from 4.4 to 4.2 years old, with mileage also dropping from…
The used light business vehicle (LCV) market is showing strong signs of recovery, with values rising sharply in early 2025, in accordance with the newest data from BCA. Following two consecutive months of price increases, average LCV values have climbed by greater than £800 since December. In February, BCA recorded a median LCV price of £7,998, marking a £274 (3.5%) increase in comparison with January’s figure of £7,724. This represents the very best monthly average since May 2024. The market’s lowest point was recorded in August last 12 months, when values dipped below £7,000 for the primary time since 2019.…
It’s a 12 months for the reason that FCA’s investigation into GAP insurance, casting light on the character of the motor finance industry. But GAP is back on the table and motor retailers could make strides to re-build revenue, writes Duncan McClure Fisher. A 12 months on, and the motor finance industry is starting to bounce back after last 12 months’s Guaranteed Asset Protection (GAP) Insurance Financial Conduct Authority (FCA) investigation. The pause on sales of GAP left each businesses and consumers in a difficult position. Motor insurance firms, brokers and dealers lost vital revenue streams when the FCA froze…
The Finance and Leasing Association admits it’s bracing for all possible outcomes – each good and bad – in the approaching Supreme Court’s ruling on commission disclosure which is able to ultimately determine a lender’s fiduciary duty and whether it should be enshrined as a everlasting legal standard. An October 25 landmark judgment by the Court of Appeal raised significant questions on the legality of undisclosed “secret” commissions agreed between automotive dealers and finance corporations when automotive loan providers Close Brothers and FirstRand – the owner of MotoNovo – challenged earlier court rulings that had present in favour of the…
A parts salesman who bypassed his employer’s security system to commit a £15,000 fraud has avoided an instantaneous prison sentence but might be repaying the stolen funds for years.Bradford’s Telegraph & Argus reports that Joshua Oliver, 33, exploited his branch manager father’s login credentials on the Halifax branch of Alliance Automotive Group to control the dealership’s refund system undetected.Bradford Crown Court heard that over nearly two years, he processed fake refunds on unreturned items, pocketing the equivalent money amount. A parts salesman who bypassed his employer’s security system to commit a £15,000 fraud has avoided an instantaneous prison sentence but…
Paint and bodywork repair specialist Revive franchisees are expanding into recent territories under an initiative from the corporate’s Executive Leadership Programme (ELP). The invitation-only, MBA-style programme was introduced last 12 months by Revive’s franchise growth team to encourage high-performing franchisees to achieve even greater heights. As a part of the initiative, ELP members have the chance to amass an adjoining territory on favourable terms, with potential money-back bonuses once the brand new area becomes profitable. Revive director of business growth and business coach Ricky Taylor explained that the programme was developed in response to the ambitions of the corporate’s top franchisees, giving…
Vertu Motors, Group 1 Automotive, and Lookers lead the automotive retail sector in providing a seamless end-to-end online customer journey for brand spanking new automotive purchases, in response to a brand new study.Technology consultancy BearingPoint’s UK Automotive Retail: Digital Sales Maturity 2025 study assessed retailers on 17 steps across the digital sales journey from pre-sales, sales to handover phases with a scoring system starting from 0 (lowest) to three (highest), resulting in a maximum rating of 51.The study found that Vertu’s benchmark rating was twice that of the lowest-scoring retailer, highlighting considerable disparities in digital investment and customer experience across the sector. Vertu…
Malton-based Ray Chapman Motors has been recognised on the national stage, taking home a prestigious industry award. The fleet team at Ray Chapman Motors Malton, situated on York Road, secured the highest spot within the ‘Dealership’ category at this yr’s Fleet Procure Awards. Hosted annually by the e-procurement, stock, and order management software business, the awards have a good time excellence across the automotive sector, highlighting the achievements of leasing firms, brokers, dealerships, and manufacturers. Ray Chapman Motors Malton stood out amongst tons of of multi-franchise supplying dealerships nationwide, ultimately being crowned the general winner at a special ceremony in…
Yorkshire-based AM100 dealership group Cars2 has been sold by its shareholders to an Worker Ownership Trust (EOT).Cars2 operates from 17 sites, retailing latest and used vehicles from brands including Hyundai, Nissan, Renault, MG, Dacia and Seat, in addition to Chinese manufacturers Omoda and Jaecoo. Alongside this, the corporate operates a prestige used automotive dealership, stocking premium used cars, including McLaren, Ferrari, Bentley and Porsche. An EOT allows company owners to sell part or all of their business, freed from capital gains tax, to their employees, without requiring any changes to the management structure, as the customer is usually a trustee acting within the…