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Peter Vardy underlying profits reach £8.7m in first half

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Peter Vardy, which employs more than 800 staff across Scotland, generated an underlying profit of £8.7m in the first half of 2015. Turnover increased by 10% to £224m for the first six months, producing a return on sales of 3.9%, more than double the industry average. Chief executive Peter Vardy said: “The group remains proud of its achievements since it ...

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New van registrations rise 14% in August

Ford Transit Centre, Abingdon.Photo: James Lipman // jameslipman.com

The improving economy and a need to replace ageing fleet stock is fueling demand for light commercial vehicles. New vans powered off forecourts in August with registrations up 14.3% to 14,467 units. Year to date van registrations are up 16.8% to 225,417 units, according to figures from the SMMT. The truck market saw registrations rise 20.2% in August to 2,887 ...

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New car market grows 9.6% in August

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The new car market grew by 9.6% in August, the 42nd consecutive month of growth, according to the SMMT. Registrations for the month totalled 79,060 units with the year-to-date market up 6.7% to 1,634,369 units. The fleet sector continued to drive the increase with registrations to businesses running over 25 vehicles up by 11.8%. The smaller sub-25 fleet business sector, ...

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Lookers acquires Benfield for £87.5m

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Lookers has acquired Addison Motors, which trades as Benfield, for £87.5m. This is the listed group’s second purchase of the month following days after its acquisition of Amersham Jaguar from Jardine Motors Group. The Newcastle-based Benfield, winner of Motor Trader’s 2015 Dealer Group of the Year, operates 30 dealerships across the north of England and Scotland. All 1,600 Benfield employees ...

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September plate-change boosted by rise in customer orders

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The September plate-change will be boosted by a year-on-year rise in customer orders, according to new research from Dealerweb. The showroom management specialist researched customer activity in July and August across dealer networks representing 12 volume and prestige car manufacturers and found order takes had risen 9% year-on-year. The analysis also showed that the average number of test drives recorded ...

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Nissan rolls out five year LCV warranty across Europe

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Nissan has introduced a Europe-wide five year/ 100,000 mile warranty on all new vans, pick-ups and trucks in a move to significantly grow its commercial vehicle volumes. The extended manufacturer’s warranty covers a range of component and chassis elements, from powertrain and battery through to paintwork. The warranty applies to all Nissan LCVs and trucks sold after 1 September and is ...

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Pendragon opens first Evans Halshaw Car Store in Birmingham

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Evans Halshaw has opened its first Car Store in Birmingham. The store has almost 300 used cars on site with access to a further 20,000 across the network. Birmingham Car Store is the first of 40 new stores announced by Pendragon CEO Trevor Finn. The UK’s number one dealer group has been running the rule over its supermarket proposition for ...

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New MD for motors.co.uk as Coulthurst joins car supermarket

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Motors.co.uk managing director Andy Coulthurst is leaving the company to become CEO of car supermarket group Trade Centre Wales. He will be replaced by Phill Jones, who has been commercial director at the online classified website since 2010. John Bailey, executive vice president, International of Cox Automotive which owns Motors.co.uk and Manheim in the UK, said: “I would like to ...

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Motor Codes appoints new boss

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Motor Codes, the government backed self-regulatory body of the automotive industry, has appointed Bill Fennell as its new managing director. Fennell has worked in the motor industry for almost three decades, holding senior roles at JLR, BMW and Rover. He takes up the position on 14 September. The Motor Codes slot became vacant in mid-2014 when Chris Mason left to ...

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