Grant Thornton
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Market Insight 1 DecVRA provides Brexit briefing in 2021 Outlook Seminar series
A Brexit briefing is to be provided by the Vehicle Remarketing Association (VRA) in its penultimate 2021 Outlook Seminar.
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Opinion 16 OctLookers to publish 2019 results in November after 13.6% Q3 cars sales growth
Lookers has reported that trading in Q3 resulted in underlying PBT “significantly ahead of last year” to largely offset losses recorded in a COVID-19 impacted first half of 2020.
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Acquisitions and deals 9 SepEstar Truck and Van saves 340 jobs with Roanza dealerships acquisition
Estar Truck and Van have acquired certain parts of the Roanza Mercedes-Benz commercial vehicle franchised dealership goup and its subsidiary Premier Vehicle Rental Limited – saving 340 jobs.
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Car Dealer News 29 Jun
Lookers fraud probe reveals £19m accounts ‘black hole’ amassed over several years
The investigation into fraud at Lookers has exposed a £19 million ‘black hole’ resulting from overstated supplier bonuses, fraudulent expenses claims and the inconsistent application of policies, processes and accounting standards.
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Car Dealer News 4 Jun
Lookers to axe up to 1,500 jobs and close 12 more car dealerships
Lookers will close a further 12 car dealerships and cut its employee headcount by up to 1,500 as part of a restructure plan aiming to make annual savings of £50 million.
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Used Cars 3 DecTime to review costs, investments and used car processes, say Grant Thornton and Cox Automotive
Despite severe political and economic headwinds, the UK car market will still have more than 10m sales during 2019, according to Philip Nothard, the customer insight and strategy director at Cox Automotive UK.
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Opinion 1 OctCar dealers must avoid being cyber attackers' 'low hanging fruit'
There’s a saying in the cyber security industry about cyber attacks: “It’s not personal’’.
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Supplier News 11 OctCox Automotive and Grant Thornton produce car retail Insight Report
Cox Automotive and Grant Thornton have delivered analysis of diesel car sales, vehicle ownership trends and continued retailer consolidation ahead of Brexit after teaming-up to produce an automotive sector Insight Report.
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Finance 19 May
Sub-prime vehicle finance provider bought out of administration
Peer-to-peer lending company RateSetter has acquired sub-prime vehicle finance provider Vehicle Trading Group out of administration.
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People News 8 NovGrant Thornton appoints JLR man Joyce
Business and financial adviser Grant Thornton UK LLP has bolstered its business consulting offering with the appointment of Bob Joyce as an advisory consultant.
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Opinion 1 AugGuest opinion: Brexit from an automotive finance perspective
Much of European OEM’s increased investment in the UK has been due to the stability of the regulatory environment and the robustness of our financial systems. It will be some time before we realise the full impact of that dislocation.
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Market Insight 23 Apr'Car market will innovate and adapt to weakening of PCP appeal'
The automotive retail sector is sufficiently dynamic and innovative to adapt to a predicted weakening in market conditions that have led to PCP growth in the market.
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Latest News 18 MarBudget 2015: the main points and comment
Budget 2015 highlights, 50 days from the general election.
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