The most read stories on Am-online in November 2014.
1) BMW Financial Services swaps F&I incentives for customer outcome bonus
From January 1 BMW Group Financial Services is changing the way its UK BMW and Mini dealers are incentivised and rewarded to avoid potential FCA concerns about upselling.
2) Vertu bolt-on acquisition of Gordons Bolton car dealerships
Vertu Motors has bolted on four more Ford sites to its Bristol Street Motors portfolio with a takeover of Gordons (Bolton) Ltd.
3) Digital dealership Rockar Hyundai opens its doors to the public
Hyundai Motor Group and digital retailer Rockar opened its doors today to the world’s first digital automotive retail experience.
4) Channel Islands car dealer Jacksons is facing sale
Jacksons, one of the largest car dealerships in the Channel Islands, is being sold to investment company Ravenscroft in a £41.7m cash and stock deal.
5) Can car dealers afford the showroom of the future?
Have vehicle manufacturers lost the plot with the property demands imposed on their franchisees? Now that recession is firmly behind us in the UK, and franchised networks have enjoyed a couple of years of solid profits, every second carmaker brand seems to have decided it is time for a comprehensive showroom refresh or relocation in order to adequately display their latest models.
6) Tribunal rules on overtime pay and holiday leave
Overtime pay should be included in pay for holiday leave, it has been ruled today.
7) FCA fines Swinton Group executives £928,000 for putting profits before customers
The Financial Conduct Authority has fined three former senior executives of Swinton Group £928,000 after they allowed a culture to develop within the insurer that pushed for high sales and increased profit without regard to the impact on the firm's customers.
8) ‘Keep calm and carry on’ advice on holiday pay ruling
The Employment Appeal Tribunal (EAT) has made a decision regarding holiday pay and overtime that may have a huge impact on employers in the UK - but dealers are being advised to take no action, but be prepared for staff questions.
9) BMW UK's Bracknell home goes up for sale
BMW UK's base in Bracknell is being put on the market following the national sales company's decision to relocate to Farnborough.
10) Harratts Group on 'comeback trail' says new director Craig Fraser
Two recent appointments by West Yorkshire-based dealer group Harratts are being playing a key role in the firm's revival in fortunes after a failed restructure.
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