UHY Hacker Young
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Market Insight 12 NovNumber of Tesla EVs on UK roads trebled in a year, report finds
Tesla’s move from niche luxury vehicle maker to mass-market manufacturer has begun to take shape after the number of its US-built electric vehicles (EV) on UK roads trebled within a year.
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Opinion 27 AprKey ‘business fraud’ issues: lessons learned from Lookers’ £4m black hole
It is interesting to see further details announced today around the ongoing financial investigation at Lookers.
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Car Dealer News 3 AprGovernment opens-up coronavirus interruption loans to larger businesses
Car retail groups with revenues of up to £500 million are now eligible to apply for funding from the Government's Coronavirus Business Interruption Loans (CBIL) scheme in a bid to drive support during the COVID-19 lockdown.
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Market Insight 20 MarA car dealer's guide to Government coronavirus loan applications
Chartered accountants UHY Hacker Young have prepared a guide to help car dealers prepare applications for Government loans set to help businesses following the COVID-19 coronavirus outbreak.
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Market Insight 25 MarCar dealers cut debt by 22% to guard against ‘post-Brexit storm’
The UK's top 100 car retailers have cut 22% of debt from their business in order to avoid a “post-Brexit storm”, according to the findings of research carried out by UHY Hacker Young.
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Market Insight 1 Feb
European car manufacturers ‘concerned’ about EU-Japan trade deal's impact
European car manufacturers are concerned that a new EU-Japanese trade deal could see them lose ground in the UK to Asian rivals, according to UHY Hacker Young.
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Retailing 14 AugThe future of motor retail
AM asks a range of experts what selling cars in 2030 will look like
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Market Insight 2 Oct
Value of car dealers’ unsold stock increases 16% in a year
Car manufacturers' lure bonus payments and VAT incentives is continuing to push new vehicles onto car dealers books, the value of unsold stock rising 16% in a year according to UHY Hacker Young.
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People News 14 SepUHY Automotive ‘strengthens automotive offering’ with new tax partner
UHY Hacker Young has "strengthened its automotive offering" with the appointment of Machester-based tax partner Darren Grimes.
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Car Dealer News 14 AugMulti-million pound consortium establishes private sponsored dealer scheme
A multi-million pound private investment fund has been created by a consortium of experienced automotive investors who want to help entrepreneurs establish their own franchised car dealerships.
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Car Dealer News 2 AugEastern Western Motor Group buys BMW and Mini dealer Grassicks Garages
Eastern Holdings Limited has acquired BMW and Mini dealer Grassicks Garages Ltd through its subsidiary Eastern Western Motor Group.
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Opinion 25 Jul
UHY Hacker Young guest opinion: Is motor retail consolidation a good thing?
Paul Daly shares his thoughts on the dominance of large consolidators and international groups creating uncertainty in the market.
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Acquisitions and deals 4 JulGroup 1 Automotive expands JLR and gains VW through major acquisition
Group 1 Automotive, ranked 10th in our latest AM100 listing of the UK’s largest dealer groups, is set to climb further up the table with a major acquisition.
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Opinion 26 AprGuest opinion: The new rules on zero rated sales of permanently adapted vehicles to disabled people
In severe cases of abuse, where fraudulent intent can be established, an individual may be prosecuted in a criminal court. Dealers will be affected by the implementation of these new rules.
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Market Insight 9 Jan
Post-Brexit car price rises identified by UHY Hacker Young
Accountancy group UHY Hacker Young claims that the post-Brexit rise in the cost of cars may have started, with lease prices up 8% in the space of just two months.
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Acquisitions and deals 15 AugLookers acquires Drayton Group for £55.4m
Lookers has entered into a conditional agreement to acquire seven-site Warwick Holdings, trading as Drayton Group, for £55.4m.
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Car Dealer News 1 AugCar dealership inventory up 46% over five years due to excess stock
Accountancy group UHY Hacker Young has blamed pressure from manufacturers for a 46% increase in car dealer stock over the last five years.
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People News 10 May
Awards recognition for UHY Hacker Young's young star
The head of UHY Hacker Young’s National Automotive Group has been recognised in the Accountancy Age 2016 ‘35 under 35’ list.
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Car Dealer News 1 Mar
Former Colborne Garages' owners return to industry with acquisition of Heritage Automotive
Richard Neulaender and John Walsh, formerly of Colborne Garages, have returned to the industry with the acquisition of Heritage Automotive Limited.
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Car Dealer News 1 Mar
Rybrook buys Land Rover and Jaguar businesses from Perrys
The Rybrook Group will represent Jaguar and Land Rover in Huddersfield and Land Rover in Halifax after acquiring the businesses from Perrys yesterday.
