Snows Motor Group has opened a new used car dealership in Southampton. Models from a range of manufacturers, such as Hyundai, Audi, Volkswagen, Ford and Nissan are available at the dealership. Snows will be re-opening the workshops at the centre to all makes and model servicing, MOT and cosmetic repairs over the coming months. Alex Domone, chief operating officer at ...
Read More »Chinese BYD is fastest growing carmaker worldwide
Chinese carmaker BYD was the fastest growing OEM in 2022 according to the latest figures from Jato Dynamics. The Chinese brand, which is now being sold in the UK iby LSH Auto and Pendragon, followed Tesla as the world’s second best-selling BEV manufacturer, with a volume increase of 184%, to more than 911,000 units in 2022. According to Jato Dynamics ...
Read More »FCA focuses on whistleblowers to cut miss-selling of finance
The Financial Conduct Authority (FCA) is planning to make greater use of whistleblowers to uncover bad practice in finance sales. Whistleblowing provides the FCA with insights from inside the firms and markets it regulates. It said using whistleblowers helped it identify and correct problems including consumers being mis-sold loans, unauthorised firms taking on customers, and failings in firms’ own internal ...
Read More »April records highest increase in used car values in 18 months
The average price of a used car was £17,843 in April, a 1.5% rise on March levels and the largest monthly increase since November 2021. According to Auto Trader, while used car prices have grown on a year-on-year (YoY) basis for 37 consecutive months, the rate of growth has gradually softened since April 2022, when it had reached its peak ...
Read More »Sytner opens Graypaul Ferrari dealership in Glasgow
Sytner Group has opened a new Ferrari dealership in Glasgow trading as Graypaul Ferrari Glasgow. This is the first time Ferrari has awarded an additional franchise for over 15 years, making this the second Ferrari dealership in Scotland and the fifth dealership in the UK for the Sytner Group. Ferrari customers in Scotland are now served by two dealerships, Graypaul ...
Read More »Big Motoring World to pump 8,000 cars a year through Manheim
Big Motoring World has extended its partnership agreement with Cox Automotive for five years. The company is set to pump up to 8,000 cars a year through Manheim auctions and have upwards of 200,000 valued and appraised. The agreement will see the car supermarket group exclusively remarket vehicles from its five retail locations and its online car buying business, BigWantsYourCar.com, ...
Read More »New EV market in ‘precarious’ condition with falling demand
The new EV market is in a precarious condition with more incentives, information and equity needed to boost sales. That’s the key finding of then latest Auto Trader Road to 2030 report which found interest in new electric vehicles (EVs) has dropped by 65% since the beginning of 2022. It concluded that demand had been dented by the rising ...
Read More »Motor Ombudsman reports record consumer EV complaints
The Motor Ombudsman has reported record volumes of consumer complaints about electric vehicles (EVs) in Q1. A total of 273 disputes were logged during the first quarter of this year, compared to 104 for the same period in 2022. In March, the key plat-change month, 115 complaints were received from consumers about EVs. This marked the first time that The ...
Read More »Piccadilly Motors to shut Fiat dealership in Ripon
Piccadilly Motors’ Fiat dealership in Ripon is closing on Friday, April 28 as part of a restructuring of the Fiat and Abarth network. The group’s Kia business in nearby Knaresborough will be taking over the services for customers previously handled by the Ripon dealership. The Kia premises on Boroughbridge Road in Knaresborough will continue to offer Fiat, Abarth and Alfa ...
Read More »Hendy Group moves MOKE into Southampton performance centre
Hendy Group in Hampshire has expanded its performance division with MOKE moving from Poole into its Southampton centre, just off the M3 in Eastleigh. Harry Pearson, head of brand for Hendy Performance, said the move from Poole brings MOKE into the heart of the division. “Hendy Performance is a key area of growth for the group this year and having ...
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