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General Motors is to drop its Chevrolet brand in Europe by the end of 2015, according to a statement issued today by GM vice chairman, Steve Girsky. The move is the latest effort by GM to turn around its European operations and to focus its resources on reviving the Opel and Vauxhall brand.
Nearly 17% of all cars first registered in 2013 have been sold on to a new owner within 90 days, according to Glass’s Guide. Glass’s European managing director, Michael Bergmann, claimed 16.7% of all new cars registered in the UK in 2013 had a change of keeper within 90 days.
Peugeot has a lot riding on its latest model launch: the all-new 308. First, fleet and used-car director Martin Gurney (pictured) says the car’s exposure to daily rental fleets will be limited.
Fast growing Cambria Automobiles has delivered a strong set of financial results for its year ended August 31, on the back of “12 months of buoyant trading”. The group said gross revenue for the year was up 12% to £395.8m and underlying pre-tax profits were up by 32% to £4.1m, ahead of expectations.
Two months after Auto Retail Network reported a brighter outlook for used car PCPs, the subject cropped up again at last week’s Finance and Leasing Association motors conference. It now looks as if they could make serious in-roads into used car finance.