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Brindley Group takes on Omoda and Jaecoo

Brindley Group has announced the launch of its new partnership with Chinese manufacturers Omoda and Jaecoo. Launching in the UK this spring, the brands offer a range of electric and petrol models with a focus on urban crossover SUVs. Che Watson, Brindley Group chairman, said: “We’re incredibly proud and excited to be introducing our partnerships with innovative brands like Omoda ...

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Swansway reports profit of £14.4m

Swansway Motor Group has reported profit of £14.4 million in its financial results for 2023, which following a goodwill amortisation of £1 million, resulted in a pre-tax profit of £13.4 million. The financial result reflects strength despite the cost-of-living crisis and increased interest rates. Peter Smyth, Swansway Motor Group director, said: “Whilst profits declined when compared to 2022, we are ...

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Used values decline despite robust first quarter

April saw average car values at the three-year, 60,000-mile point, decline by 1.5% (c. £300). This decline follows an overall rise in values of 0.5% over Q1, reflecting a softening in demand and an increase in supply. Values at the one-year age point fell by 1.3%, at five years values fell by 2.0% and at the 10-year point values fell ...

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Desira Group acquires Simpson Garage Great Yarmouth

Desira Group has expanded its portfolio with the addition of Simpson Garage Great Yarmouth for an undisclosed sum. Simpsons will not change the name to Desira, it will continue trading as it is. The addition of Simpsons includes new and used motorhome sales (a new area of growth for Desira), used car sales and aftersales franchises for Skoda, Fiat and ...

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