Author: Aimee Turner
Recent research from AA Cars reveals that 25% of UK drivers have bought a automobile online without seeing it in person, up from 21% last yr. The survey of over 10,000 motorists shows that almost half (48%) of those buyers opted for a brand new automobile from a dealership, while 44% bought a used vehicle through a dealer or online platform. Only 6% purchased used cars from private sellers, and a pair of% did so from auctions. Despite this shift, over 70% of drivers still prefer inspecting a vehicle in person, although this figure has dropped from 73% in 2022.…
Hendy Group has launched “Hendy Buy Any Automotive,” a car-buying service geared toward providing an easy, user-friendly platform for people across southern England to sell their used vehicles at a good market value. This service is designed to simplify the means of valuing and selling cars quickly, regardless of car make, model, age, or condition. Through a web-based valuation tool and three easy steps, Hendy Buy Any Automotive is designed to streamline the transaction process and offers each convenience and efficiency to consumers. The method begins with an initial online valuation, where users input their vehicle’s registration number, mileage and get in…
Shares in Close Brothers have taken a pointy hit within the wake of a landmark ruling by the Court of Appeal which determined that motor finance brokers must provide full disclosure on commissions when arranging automotive loans.The choice comes after three cases involving Close Brothers, Motonovo Finance and South African Firstrand Bank were merged earlier this 12 months. The cases got the green light in March to appeal the choices of earlier court hearings and all proceeded to 1 trial on the Court of Appeal in July.The judges ruled that disclosure didn’t occur in any of those cases which initially present in favour of…
MG has secured its position as probably the most in-demand brand for brand spanking new electric vehicle (EV) enquiries on Auto Trader this October, generating 21% of all inquiries.That is greater than double that of BMW, which holds second place with 8.9%, and 4 times the share of Nissan, which is available in third with 5.2%.The highest three most sought-after EVs on Auto Trader this month are all MG models: the MG4, MG5, and MG ZS. The MG4, the preferred model, accounts for 9.2% of enquiries, followed by the MG5 with 5.5%, and the MG ZS at 4.9%. Login to…
French bank Crédit Agricole is stepping into a strategic partnership with GAC International, the European branch of China’s fifth largest automobile manufacturer Guangzhou Automobile Corporation (GAC). The deal will see CA Auto Bank offer tailored financing solutions for GAC’s full EV lineup because it prepares to enter the European market in January. “With its century of experience and operations spanning 18 European countries, CA Auto Bank is well-positioned to support GAC’s European expansion,” said Stéphane Priami, CEO of CA Personal Finance & Mobility. The bank will provide flexible and modern financing options, including traditional credit, leasing, and stock financing delivered…
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…
