Car Dealer
Carzam creditors still owed almost £20m as liquidators probe failed online used car dealer
Failed online used car dealer Carzam still owes almost £20m to its creditors, whose hopes of recouping their money hang in the balance.
Citroen woes continue as rare ‘stop-drive’ order is expanded to C4, DS4 and DS5 models
Almost 10,000 additional Citroen owners have found themselves caught up in the brand’s rare ‘stop-drive order’ after its ‘code red’ recall was expanded to include further models.
Weekly Briefing: Why are no cars eligible for the top tier Electric Car Grant?
The Car Dealer Briefing from James Baggott summarises the week’s most important motor trade headlines for you all in one place.
Admiral sets aside £50m to compensate customers who received insufficient settlements
Insurance firm Admiral revealed this week that it has set aside approximately £50m to compensate its customers who didn’t receive a fair settlement payment if their car was written-off or stolen.
Vauxhall Corsa is Auto Trader’s fastest selling used car so far in August
The Vauxhall Corsa is currently the fastest selling car in the UK, according to the latest data from Auto Trader.
Family-run used car dealer to close down as bosses call it a day after 54 years in the motor trade
An historic family-run used car dealer is to close down after the long-standing owners took the decision to retire.
Family-owned Lloyd Motor Group nears £1bn turnover as pre-tax profit falls 14%
Family-run Lloyd Motor Group saw turnover creep towards the £1bn mark last year, but pre-tax profit slipped by over 14%.
Government defends its Electric Car Grant after it fails to shift out of first gear
A month after the launch of the Electric Car Grant there are still no EVs eligible for the full £3,750 discount.
Luxury dealer group H.R. Owen opens high-end Lotus showroom opposite the Ritz
Luxury car dealer H.R. Owen has expanded its network of high-end showrooms with the opening of a new Lotus site opposite London’s famous Ritz Hotel.
Motorway changes online auction times to ‘better align with dealer business hours’
Motorway has extended the time that retailers have to bid in its online auctions as part of a drive to ‘better align with dealer business hours’.
Bumper investment: Repair finance firm bags £8m backing from automotive heavyweights
Bumper has raised more than £8m in equity funding with some of the biggest names in the automotive industry agreeing to back the repair finance firm.
Family-run Vospers slumps to pre-tax loss as car dealer endures ‘challenging’ 2024
Family-run car dealer Vospers saw its profits wiped out in a ‘challenging’ 2024, with the firm slipping to a pre-tax loss.
Polestar aims to give customers ‘unparalleled access’ with new showroom in Kent
Polestar has added to its UK dealer network with the opening of a new site in Kent.
Revealed: The cars that made dealers the most profit in July – and premium motors led the way
The Mercedes-Benz C-Class gave dealers the highest retail margin in the sub-£10k retail bracket last month, while Land Rover continued to be most profitable brand.
Family-run Williams Motor Group sees profits slide despite rising new and used car sales
Williams Motor Group has seen its profits fall for the second year in a row with the retailer becoming the latest firm to feel the impact of strong economic headwinds throughout 2024.
House of Lords committee questions cost and timescale of FCA’s car finance redress scheme
A House of Lords committee has raised concerns over the Financial Conduct Authority’s proposed redress scheme for customers who were mis-sold motor finance.
