News
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…
NFDA submits response to government zero-emission consultation
The National Franchised Dealers Association (NFDA) has submitted its response the Government consultation on proposals to support the UK’s transition to zero-emission vehicles. In its submission, NFDA emphasised that dealers are fully committed to the transition to electric vehicles, with…
Kia reveals EV4 electric sedan and hatch duo
Kia will soon expand its electric vehicle lineup with the addition of the EV4 compact sedan and hatchback The EV4's design stays true to the bold lines of the concept version first revealed in 2023 Availability and pricing have yet…
BLOG: Data innovation can accelerate positive change
Wendy Swaine, head of retail at Solera cap hpi, explores how new ways of working with industry partners can help to unlock innovation and efficiency. In the increasingly data-driven world of car retailing, accessing and utilising quality data is critical…
Northern Ireland sees backlog of MoTs ease with record volumes in January
The backlog in MOT tests in Northern Ireland may finally be easing, with January 2023 seeing the highest number of tests conducted in a decade. Data released by the Department for Infrastructure (DfI) indicates that January this year recorded the…
Leapmotor to double network size by year-end
Leapmotor has made its debut in the UK electric vehicle market with the launch of two new models: the T03 small electric vehicle and the C10 midsize SUV. The T03 is pitched as an affordable offer, with a starting price…