News
Group 1 finance director Mark Leeder steps down from company
Group 1 finance director Mark Leeder has stepped down from his role with the dealer group. The resignation was confirmed to Motor Trader by the dealer group. Leeder was appointed as finance director in October 2023 as the group commenced…
Lloyd Motor acquires Volkswagen Carlisle from Lookers
Lloyd Motor Group has acquired the Volkswagen dealership in Carlisle from Lookers. The site will operate as Lloyd Volkswagen Carlisle, continuing to trade from Auchinleck Drive, Carlisle. A total of 33 colleagues have transferred to Lloyd Motor Group as part…
Mercedes-Benz vans of Aylesbury secures national award
Vertu Mercedes-Benz Vans of Aylesbury was named one of the top-performing retailers in the country, securing a Bronze placement for Mercedes’ Dealer of the Year – Best Sales Team Award for the second consecutive year. The Mercedes-Benz Vans national scorecard measures retailers…
March new car sales: Winners & Losers
Chinese car brands led the market in terms of growth in the plate-change March period. Leapmotor got its UK campaign going with an 878% increase in sales to 1,891 cars compared to 193 in March 2025. Xpeng also started motoring…
Electric van sales take -16% hit in March
Light commercial vehicle sales in the UK fell -3.4% in March, with 49,505 vans, pickups and 4x4s joining the road, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). The weakest new number…
Ex-Drive Motor Retail joint MD co-founds AI image and video firm
The former joint group managing director and subsequently finance director of Drive Motor Retail Stuart Harrison has moved into AI. He has co-founded the Evolv Solutions with Michael Breen, an ex-director of operations at Drive Motor Retail. Evolv uses AI…
Lloyds sticks with £1.9bn set-aside for motor finance redress scheme
Lloyds Banking Group is sticking with its £1.95bn funds total to allow for the recently announced motor finance compensation scheme announced by the Financial Conduct Authority. The company had originally set aside £1.15bn for the redress scheme but added…