News
FirstRand to exit UK motor finance market following ‘deeply flawed’ FCA redress scheme
MotoNovo owner FirstRand is to exit the UK motor finance market in response to the FCA redress scheme which it said was “deeply flawed, disproportionate and unfair.” The bank acknowledged that the FCA has made some changes to the scheme,…
Eastern Western accelerates community approach to recruitment
Eastern Western Motor Group is adopting more sustainable and community based approaches to recruiting staff for the dealer group. The latest gambit is a link with Boroughmuir Rugby & Community Sports Club. “We are always looking for new talent at…
Carwow reveals most profitable makes and models of Q1
Land Rover topped the list of marques offering the greatest profit potential among cars sold via Carwow’s daily online auctions in Q1. The manufacturer’s models had an average profit potential of £3,914 ahead of Audi at £3,050 and Lexus at…
Mitsubishi Motors in the UK reveals new dealer partners
Mitsubishi Motors in the UK has appointed its first dealers ahead of vehicle sales for the upcoming Outlander PHEV and L200 Series 7, with models expected in showrooms from May 2026. Mitsubishi Motors in the UK has confirmed 33 new…
UK motor finance market proving resilient despite ‘more challenging’ outlook
1441935137 Motor finance trade body the Finance & Leasing Association said the motor finance sector was performing well despite the tough outlook. Geraldine Kilkelly, Director of Research and Chief Economist at the FLA, said the market was proving resilient. “The…
Final call as entries for Independent Dealer Awards 2026 close tomorrow
Entries for the Motor Trader Independent Dealer Awards 2026 close tomorrow. Following a year of record-breaking entries, the Motor Trader Independent Dealer Awards return on Tuesday 30 June at the Belfry Resort & Spa, and this year promises to be…
JCB Group wins Dacia Best Group Award
The JCB Group won the Dacia Best Group Award at the Renault & Dacia Awards, held in Manchester on 1 April. This accolade recognises the exceptional performance, dedication, and consistency demonstrated across the JCB Group’s three Dacia sites in Canterbury,…