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Eden Motor Group buys Wokingham Motors


Berkshire based Eden Motor Group has bought Wokingham Motors for an undisclosed sum. Eden Motor Group is rated 75 in the Motor Trader Top 200 with annual turnover of £171.6m, representing Vauxhall, Mazda, Fiat and Hyundai. It is headed up by Graeme Potts, the ex-CEO of Reg Vardy and Inchcape and group managing director of the RAC. Wokingham Motors, which ...

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TripAdvisor founder launches UK online classified site


CarGurus, one of America’s biggest online classified sites, has launched in the UK. The business is led by CEO Langley Steinert, co-founder of TripAdvisor, the world’s largest travel website. CarGurus is offering dealers free postings of their stock but will charge for additional services offering “additional brand exposure” to “drive high-volume customer leads”. The UK version of the site has ...

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Vertu moves into online parts sales with AceParts purchase


Vertu has bought AceParts an online vehicle parts business based in Sittingbourne, Kent. The company sells through its own website AceParts and also through Amazon and eBay, using Royal Mail second class post for deliveries throughout the UK. Vertu will pay £2.2m for the online business, which has annual turnover of £4.8m and EBITDA of £600,000.  AceParts was founded by ...

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High volumes put used car values under pressure in December


Used values are coming under pressure in December due to the high volumes of stock in the market. Glass’s said there was ongoing concern over the numbers of pre-registration vehicles that are being pumped through the system to help dealers achieve end of quarter bonuses. “This position looks set to continue for the foreseeable future,” said Glass chief car editor ...

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Mike Pilkington takes top job at BCA Services


BCA Marketplace has appointed Mike Pilkington as chief operating officer of BCA Services, the division which looks after the auction house’s inspection, storage and logistics services. Pilkington has held several senior management positions in the remarketing sector most recently as managing director of Paragon Automotive. Prior to that he was Manheim’s chief strategy officer for UK and Europe and managing ...

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Honda to raise new car prices by 2.3%


Honda has announced a 2.3% average price rise across its new car line-up. The rises come into effect from 1 December for the HR-V and from 4h January 2016 for the Civic hatchback, Civic Tourer, CR-V and Jazz. In a statement Honda said its prices had remained “largely unchanged since January 2014” and pointed out that ally since then with one competitor ...

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Webuyanycar launches ‘premium’ 30-minute payment for cars


Webuyanycar has launched a “premier payment” for customers. Customers who pay an extra £29.75 can have the funds deposited in 30 minutes. Owner BCA Marketplace said that the new scheme was at an early stage but had been “well received” by its customers. In the UK webuyanycar saw the number of vehicles it sold rise 16.9% to 83,000 for the ...

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BCA turnover rises 21% to £526m in first interim


BCA Marketplace saw turnover rise 20.8% to £525.8m in the six months to 4 October after listing on the London Stock Exchange and buying SMA for £42m. The group generated statutory operating profits of £1.3m after acquisition costs of £22.7m, amortisation of acquired intangibles of £17m and other non-recurring costs of £1.3m In the UK the company saw volumes of ...

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BMW launches 24 hour online new car buying service


BMW has launched a 24 hour online new car buying service supported by its UK dealer network. BMW Retail Online allows customers to research and configure cars, choose their finance options and pay for them digitally. The carmaker said each step of the researc and buying process will be supported by a dealer-based sales executive, or BMW Genius, through live ...

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