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 ...
Read More »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 ...
Read More »Kia UK consolidates reputation as ‘Great Place to Work’
Kia UK has again been accredited as a Great Place To Work Certified organisation based on anonymous feedback from Kia UK employees which was collected and assessed by Great Place to Work. Data confirmed that 91% of employees feel Kia UK is a great place to work and 82% of employees stated they enjoy consistent positive experiences. Verbatim comments from ...
Read More »New national fleet manager appointed for SEAT and CUPRA UK
Martin Gray has been appointed national fleet manager for SEAT and CUPRA UK. He will oversee a team of seven fleet experts and deliver strong brand and product offering for businesses. The role of national fleet manager is his fourth role with the Group, following seven years as contract hire and leasing manager for the SEAT and CUPRA brands. Gray ...
Read More »Carwow LCV sales reach combined value of over £13.3m
Carwow has sold LCV stock with a combined value of over £13.3m in the first six months of adding LCVs to its online daily auctions. The volumes of listings averages more than 500 each month. More than 300 dealers per month have placed bids for LCVs since November and the total volume of bids placed has exceeded 10,000. Sally Foote, ...
Read More »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 ...
Read More »Europe’s new car market sees surge of hybrid sales in Q1
Europe’s new car market has seen a surge in hybrid sales in Q1 while EV demand falters, according to JATO Dynamics. In Q1, 382,700 hybrids were registered which is the highest number of quarterly registrations for the category since 2021. Volumes were up 18% on Q1 2023. Consumers feel hybrid cars have an advantage over EVs as they are self-charging ...
Read More »Annual Conference – Business & Law Update for the Automotive sector
The Motor Ombudsman and Radius Law, the provider of legal services to the motor industry, are holding the Annual Conference – Business & Law Update for the Automotive sector on Wednesday 15 May. Motor Trader is the media partner for the event, which takes place at the Motor Ombudsman head office 71 Great Peter Street, London, SW1P 2BN. Topics will ...
Read More »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 ...
Read More »Cars now selling almost twice as quickly as in 2023, says HonkHonk
Cars are selling almost twice as quickly as in 2023, suggesting the used car market has recovered from last year’s crash, says trading platform HonkHonk. The average time to sell is now 36 hours, 22 hours faster than Q4 2023. Some cars are even bought by dealers within two hours of being listed and prices are rising for cars in ...
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