A private investor has formed a number of companies which will pay Dixon Motors £34m for 17 of its freehold and long leasehold sites. The group has been stretched by growth in its car and motorcycle businesses.
Autobytel is calling on the Government and fellow dotcom operations to investigate and improve trading standards compliance after research showed that the majority of consumers want the Goverment 'get tough' on rogu web traders.
Lexus is urging leasing companies to dispose of end-of-contract vehicles at closed electronic auctions to protect residual values.
Results from the latest auctions by BCA, Manheim, Cars Direct and Motorauctions Leeds.
BMW GB expects to reach a record 80,000 this year and managing director Jim O'Donnell has set a target for 2002 of more than 100,000 with Mini included.
Admiral Insurance has appointed Audatex as its new approved provider of vehicle repair estimating.
Profit margins among motor retailers have fallen to the lowest level on record with the sector now looking to be in danger of falling into an overall loss with the global economic slump resulting from the September 11 terrorist attacks merely exacerbating already tough conditions.
Tickets for the British International Motor Show are now on sale at the website, www.motorshow.co.uk.
Pinewood's CARS dealer management system - approved for use in Ford dealers in 2000 – has now been fully integrated with Ford systems including Vista vehicle ordering, GWE warranty submissions and Microcat menu and parts pricing.
Peugeot's vehicle rental scheme, offered by 110 of its franchised dealers throughout the UK, is reporting a 150% increase in business this year.
An awarding winning scheme to give young people a formal qualification in vehicle selling is to be rolled out nationally after a successful pilot programme in Manchester.
"There is a recognition that changes to the regulations must be phased in to avoid the problems that the free market would cause." Ramesh Notra, Cap Motor Research economics editor, considers the main options as Block Exemption decision time approaches.
Carlos Ghosn's presidential office on the 13th floor of Nissan's headquarters in Tokyo's fashionable Ginza district is surprisingly unprepossessing room, with dark wood panelling, thick beige carpet and heavy leather corduroy-trimmed '60s furniture.
A closed sale for Honda dealers at BCA Measham of 270 vehicles saw the auction debut of the Stream sports activity vehicle and offered a rare opportunity to purchase used examples of the S2000 roadster.
All Toyota commercial vehicles are now fitted with the 2.5-litre D-4D direct injection common rail turbo diesel engine, it was announced today as the manufacturer revealed its new LCV range and a dealer-support network.
October and November have seen a 'vast improvement' in used car buyer activity, says Manheim Auctions.
Reg Vardy Leeds and Halfords Autofleet have been voted the best performing suppliers by Lloyds TSB autolease which has awarded them its ServiceTrak Suppliers Awards for 2000/01.
Ford has launched a drive for its dealership network to promote used diesel vehicles following rocketing demand for new diesel models from fleets.
Booming fleet diesel sales have led senior industry figures to make an unprecedented call for co-operation between manufacturers, fleets and dealers to fend off fears of a collapse in diesel residual values.
Mitsubishi Motor has reported a stronger than expected first half performance boosted, like its Japanese competitor Mazda, by the weak yen and cost-cutting.
Audatex has improved its AudaWorkstation estimating system enabling vehicle body repairers to track, view and compare versions of a damage repair estimate.
Ford Motor Company is to halve the annual capital expenditure on its European operations to $800m as part of a continuing restructuring.
A workshop to provide the latest information on the End of Life Vehicles Directive has been organised by the Surrey Institute of Art and Design University College.
Newly launched motor finance company The Funding Corporation plans to create a network of dealers specialising in sub-prime finance to tap the growing market for loans to customers with poor credit records.
Honda has launched a 'cash or company car' calculator which will be available on its website or in dealerships. The calculator aims to give drivers a clear indication whether they would be better or worse off by funding their own car under the forthcoming benefit-in-kind tax rules.
Close Consumer Finance, the motor finance division of Close Brothers merchant bank, is planning to double turnover in the next two years. The company is targeting smaller, independent franchised dealers with one or two sites who are looking for a traditional, personal service from their finance provider.
Ford Credit has launched a new motor finance product aimed at 'cash-rich' customers who can put down large deposits. Under the scheme customers make no monthly payments during the two- or three-year agreement period other than the initial down payment.
Abbey National has warned that the overall market for new and used car point-of-sale finance has fallen by 10% year-on-year and described the current performance of its First National retail and motor finance businesses as "disappointing".
Predictions that showroom traffic would slow to a trickle as the effects of recession in the US rippled across the Atlantic have been proved inaccurate after record October sales.
A range of remanufactured cylinder heads has been launched for members of Vauxhall's Trade Club scheme.
