TradePlates News

TradePlates News: June 16

June 16th, 2016

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Department of Transport could prosecute Skoda over defeat devices
Skoda could be facing a legal challenge if it is found to have withheld evidence of defeat devices in order to obtain vehicle type approval.


Carwow takes legal action against BMW to lift dealer ban
Carwow has reported BMW to the Competition and Markets Authority (CMA) for ‘anti-competitive’ controls that prevent franchise holders from using the online car-selling service.


Hendy Group expands to become one of the UK’s biggest 20 automotive retailers
Sout coast-based Hendy Group has bought the Lifestyle Dealer Group in a deal putting it in the top 20 of the UK’s automotive retailers.


Jardine Motors extends presence in the Midlands with latest acquisition
Jardine Motors Group has increased its presence in the Midlands with the acquisition of Colliers Group. According to the firm, the deal includes the ownership of Colliers’ Land Rover, Honda and Mazda dealerships located in Erdington, as well as its Jaguar Tamworth site and central parts hub.


Auto Trader MD reaps £80m share windfalls
THE MD of Auto Trader has reaped £80m in share windfalls since taking over the reins in 2013, according to press reports. Trevor Mather is said to have benefited from a 60 per cent leap in the company’s share price since its floatation in spring 2015.


Brexit would lead to recession and falling car sales, says new report
UK car sales will decline over the next few years if there is a vote to leave the EU, according to a new report. The Economist Intelligence Unit research firm predicted that Brexit would result in a recession in 2017 and said that ‘no car company will benefit from that’.


Average dealer improved profitability in April, says ASE
The average UK motor dealership produced a profit of just over £9,000 in April – an improvement of £6,000 over the same month in 2015, according to profitability specialists ASE.


Dundee has the highest MOT failure rate in the UK
Dundee’s car owners have the highest MOT failure rate in the UK, according to research by Automyze, the AA’s car management website. Automyze analysed more than a million MOT records of UK-registered vehicles owned by AA members.