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Snows Motor Group has appointed Richard Morgan as head of its Toyota and Lexus division – certainly one of numerous recent appointments made inside the dealer group’s senior management team. Morgan, formerly the corporate’s franchise operations manager, will now oversee the running of Snows’ trio of Lexus dealerships in Exeter, Hedge End and Bournemouth; plus a complete of 11 Toyota businesses across the South of England. Morgan joined Snows in February having gained 36 years of experience working with brands comparable to Volkswagen, Audi, Jaguar, Land Rover, BMW and MINI. He explained: ‘‘This division is the biggest inside the Group,…
Jaguar Land Rover has resorted to offering its own insurance to assist customers protect themselves from the scourge of key cloning and keyless automobile theft and criminals targeting its high value vehicles to strip for parts or resale abroad. The carmaker earlier this 12 months said it had invested greater than £10 million in lessening the possibilities of the most recent Range Rover models being stolen through developing advanced electrical architecture that features the most recent security technology. Recent DVLA data shows that the Range Rover was the second most stolen automobile of 2022, the Land Rover Discovery was the fifth most…
Electric Vehicles (EV) prices plummeted 34% in the primary 11 months of 2023, suffering a 3.6% drop in November alone – highlighting the contrasting fortunes of petrol-fuelled cars, in keeping with latest figures from Indicata. The used automobile market witnessed a 3.7% decline in average prices from November to December, contributing to an overall decrease of 10.2% in the primary eleven months of 2023. Used hybrid vehicles faced challenges too, registering a decline of 17.1% in prices between January and November. Petrol-powered cars emerged as probably the most resilient fuel type during 2023, with prices decreasing by a modest 7.8%,…
Howards Group has raised £60,000 for charity in the primary 12 months of formalising its Howards Family Charitable Partnerships Programme. The group pledged to donate a minimum of £5 for each vehicle purchased which it said marked a major step forward in its ongoing mission to boost the health and wellbeing of people across its communities. The dealer group has supported education projects, community projects, support for older people and their carers, family welfare, youth work, schools and hospice care as a part of its partnerships programme. Jonathan Coleman, Howards group property and executive director, said: “Throughout our 51 years…
Recent automobile finance volumes dropped by 3% in October year-on-year, based on the most recent figures from the Finance and Leasing Association (FLA). The corresponding value of recent business was 2% lower over the identical period. Within the 10 months to October 2023, recent business volumes remained 6% lower than in the identical period in 2022. Geraldine Kilkelly, director of research and chief economist on the FLA, said: “The patron automobile finance market stays remarkably resilient despite the subdued economic outlook, with the worth of recent business expected to be only 4% lower in 2023 than in 2022. “FLA’s latest…
Commercial feature from Automobile Care Plan Progressive vehicle insurance services fully branded to your online business Leading manufacturers and retailers within the automotive industry are utilising the most recent in revolutionary motor insurance and add-on protection solutions to drive sustainable business growth and retention rates. Introducing Automobile Care Plan Protex, the UK’s leading provider of auto manufacturer branded retail motor insurance and accident aftercare solutions. Protex is the most recent addition to the portfolio of services and products offered by award-winning vehicle warranty and asset protection provider Automobile Care Plan. With over 47 years’ experience partnering with the world’s most…
Online used automotive dealership Cazoo has accomplished its debt restructuring programme after bondholders reached an agreement to exchange $630 million of debt for $200 million in bonds and shares. The business said the brand new structure will now provide Cazoo with a much better financial foundation and sets the stage for its next chapter of growth – one without its controversial founder Alex Chesterman, nonetheless. Paul Whitehead, the present CEO of Cazoo, said: “Completion of those transactions represents a major inflection point for Cazoo. With an improved capital structure and inspiring operational momentum, as demonstrated by our successive record retail GPU…
The UK and the EU have reached a deal that may delay the implementation of ‘rules of origin’ and the imposition of tariffs on electric vehicles (EVs). The European Commission has confirmed that it had agreed to a three-year postponement of the brand new trading arrangement scheduled to take effect from January. Under the unique rules, the Society of Motor Manufacturers and Traders (SMMT) had predicted a ten% tariff on EVs traded in each directions would result in billions in costs, increased consumer prices, and diminished competitiveness for manufacturers in one another’s markets – a potential setback could significantly impede the transition to…
Online marketplace Carwow has voted the Volvo EX30 as its automobile of the yr in an bid to assist buyers make the most effective alternative based on price performance, efficiency, comfort, and practicality. Chief content officer at Carwow Mat Watson said the model proves that an exceptional automobile doesn’t have to return with a hefty price tag. ““Volvo has absolutely smashed it out of the park. The little EX30 is the most effective all-round electric automobile, and the most effective all-round automobile of 2023 and is priced to appeal to the pinnacle, as much because the design and driving experience…
A seasoned veteran with 40 years of experience within the industry insists that franchise motor retailers will proceed to be the indispensable interface between manufacturers and customers. Speaking on the Vehicle Remarketing Association’s (VRA) latest seminar, Graeme Potts, CEO, Eden Motor Group, acknowledged the long-standing speculation surrounding the demise of franchise retailers. Drawing on Mark Twain’s famous quote about exaggerated reports of its death, he said the franchise dealer would remain the crucial interface between motor manufacturers and customers, suggesting that any perceived threat might actually spur innovation and resilience. So as to ensure that the industry stays relevant, viable and…
