News
Supreme Court Allows NFDA to intervene in motor finance case, Treasury bounced
1407908075 The National Franchised Dealers Association (NFDA) has been given permission to intervene in the motor finance case taking place in the Supreme Court. It emerged yesterday that the Treasury had not been given permission to interven and will now…
Leasing Options records 186% rise in Chinese EV enquiries
Rising consumer interest in Chinese EVs is reflected in a 186% increase in leasing enquiries % in just 12 months, according to Leasing Options. The models which have seen the most significant increase in leasing enquiries are the BYD Dolphin…
Kia unveils EV4 saloon and hatchback models
Kia has unveiled the EV4, showcasing the saloon and hatchback models. The EV4 reflects Kia’s ‘Opposites United’ design philosophy as it blends sharp, distinctive lines with bold, technical detailing. The design of the EV4 saloon and the EV4 hatchback models…
Steve Young Blog What do car manufacturers and drug addicts have in common?
I do not want to trivialise the personal challenges that people with substance abuse problems and their families face, nor do I want to suggest that the management of our car manufacturers are prone to this condition, but I do…
Stoneacre partnership with Autotech Academy demonstrates further success
Embracing the Toyota Talent Powered by Autotech Academy internship initiative, Stoneacre sites have welcomed ten interns to date. The initiative bridges the gap between newly qualified Level 3 automotive students and motor industry employers. It equips interns with a toolbox,…
Cars 2 sold to Employee Ownership Trust
West Yorkshire based car dealership, Cars 2, has been sold by its Shareholders to an Employee Ownership Trust (EOT). The deal was advised on by Castle Square Corporate Finance and Freeths, with funding from Barclays. The company had a turnover…
Dealer Auction reveals most profitable used cars of January
The Mazda CX-5 provided dealers with the highest profit potential in the sub-£10,000 retail bracket in January, according to Dealer Auction’s Retail Margin Monitor. The premium SUV had an average retail margin of £2,150. This is the first monthly Retail…