Saxton 4×4 featured in The Sunday Times Best Places to Work 2024 chart
Car Dealer Magazine
by James Batchelor
13h ago
Upmarket car dealer Saxton 4×4 has been appeared in the prestigious The Sunday Times Best Places to Work chart. The Essex-based business featured in the ‘medium’ category in the list for 2024, based on its 160-strong staff, with its directors being praised for their ‘active role’. The Sunday Times list said: ‘This Chelmsford luxury used-car dealer drives ambition among its 160 staff through comprehensive training and development programmes, including mentoring and leadership courses. ‘The directors take an active role in the day-to-day workings of the company and regular meetings and feedback ..read more
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Car dealership group Dick Lovett sees turnover top £800m for first time but profit plummets
Car Dealer Magazine
by John Bowman
15h ago
The Dick Lovett Group enjoyed a record year of trading last year that saw turnover top £800m for the first time – but its pre-tax profit fell to nearly half the previous year’s figure. In parent outfit Dick Lovett Companies’ newly published accounts for the year ended December 31, 2023, the Swindon-based new and used car dealership chain reported a turnover of £822.064m – up 7% on 2022’s £769.763m. The accompanying strategic report, signed on behalf of the board by director Julian Winterburn, hailed it as ‘the first time in the group’s history that turnover has been above £800m’. However, its ..read more
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May 25: Michael Gove quits; Venells sobs during fierce grilling; Ofcom investigates Royal Mail
Car Dealer Magazine
by James Batchelor
15h ago
Veteran minister Michael Gove becomes latest high-profile Tory to stand down Veteran cabinet minister Michael Gove has become the latest high-profile Tory MP to announce that he will not stand at the July 4 General Election. The housing secretary cited the ‘toll’ of public office as he said it was time to let ‘a new generation lead’ following a political career spanning nearly 20 years. Gove, who has been MP for Surrey Heath since 2005, joins a growing parliamentary exodus coming mainly from the Conservative Party as it languishes behind Labour in the polls. Labour and Tories fight over econom ..read more
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Financial Conduct Authority allows ‘significant’ number of firms to resume Gap sales
Car Dealer Magazine
by John Bowman
1d ago
A ‘significant proportion’ of Gap providers are being allowed to start selling the insurance again, the Financial Conduct Authority announced today. Car Dealer exclusively revealed in January that the City regulator had written to insurance providers warning them it may intervene in the market and asked them to voluntarily withdraw their Gap products from sale. It took the action because it said it was concerned that Gap, which is an important revenue stream for car dealers, wasn’t currently offering ‘fair value’ to customers and said it wanted to ‘see improvements’. Two weeks later, the FCA ..read more
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Roger Young car dealership revs up with Suzuki to help keep hospice services on road
Car Dealer Magazine
by John Bowman
1d ago
A car dealership in Cornwall has stepped in to help keep a hospice’s urgent care services on the road. Roger Young, which is based in Saltash, is lending St Luke’s Hospice a new Suzuki Ignis hybrid four-wheel-drive hatchback so that the hospice’s expert teams can navigate tricky terrain. The Plymouth charity’s teams clock up more than 80,000 miles each year, delivering their specialist end-of-life care directly to the homes of patients in east Cornwall, west Devon and the South Hams, meaning it’s vital for them to have transport they can rely on, especially in rural areas. Roger Young’s newly ..read more
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Auto Trader reports more interest in new cars as car dealers gear up for seasonal boom
Car Dealer Magazine
by Jack Williams
1d ago
Interest in new cars has risen in May, as dealers look set to enjoy a seasonal boom. That is according to fresh data from Auto Trader, which has reported a 22% year-on-year uplift in new car visits so far this month. The figure marks a slight increase on the impressive 21% increase recorded in April, and the highest rate of YoY growth recorded in over a year. Experts have put the performance down to a combination of factors, including the improved availability of new car stock as well as greater affordability. Since last summer, Auto Trader says that he volume of advertised brand-new cars on ..read more
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Roger Young car dealership revs up with Suzuki to help keep hospice service on road
Car Dealer Magazine
by John Bowman
1d ago
A car dealership in Cornwall has stepped in to help keep a hospice’s urgent care services on the road. Roger Young, which is based in Saltash, is lending St Luke’s Hospice a new Suzuki Ignis hybrid four-wheel-drive hatchback so that the hospice’s expert teams can navigate tricky terrain. The Plymouth charity’s teams clock up more than 80,000 miles each year, delivering their specialist end-of-life care directly to the homes of patients in east Cornwall, west Devon and the South Hams, meaning it’s vital for them to have transport they can rely on, especially in rural areas. Roger Young’s newly ..read more
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Used car supermarket founder Peter Waddell accused of ‘bullying’ and ‘intimidation’ as High Court ponders case
Car Dealer Magazine
by Jack Williams
1d ago
Big Motoring World boss Peter Waddell could have to wait until July to find out whether he will have his voting rights at Big Motoring World returned to him. Waddell has been at the Royal Courts of Justice this week as the 56-year-old seeks an interim injunction that would see him handed back voting and information rights as shareholder of the business, ahead of a full trial. He had previously been calling to be reinstated as a director of the firm but his legal team dropped the claim during the hearing. It comes after he was ousted from the company in March, following a breakd ..read more
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Consumer confidence for big ticket items falls in May despite improving overall sentiment
Car Dealer Magazine
by James Batchelor
2d ago
Consumer confidence has continued its ‘upward momentum’ new figures show, however the number of big ticket items consumers are likely to splash out on has fallen and shows the cost-of-living crisis is still biting. Consumer market research firm GfK said financial pressures are still a reality of households, despite its data showing confidence is improving. Its long-running Consumer Confidence Index rose by two points in May as it slowly climbed out of negative territory to minus 17. Confidence in the general economic situation over the next 12 months saw a four-point boost to minus 17, 13 poi ..read more
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Used car supermarket founder Peter Waddell accused of ‘bullying’ and ‘intimidation’ as High Court ponders his return
Car Dealer Magazine
by Jack Williams
2d ago
Big Motoring World boss Peter Waddell could have to wait until July to find out if his bid to be allowed back into the used car supermarket he founded is successful. Waddell has been at the Royal Courts of Justice this week as the 56-year-old seeks an interim injunction that would allow him to return to the business, ahead of a full trial. It comes after he was ousted from the company in March, following a breakdown in relations with investment group Freshstream. Yesterday (May 23), Waddell’s conduct was subjected to scrutiny at the High Court hearing and the theme continued well in ..read more
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