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Cambria Automobiles has delivered another year of strong growth in its past financial year which ended on 31August 2014. The franchised retailer reported a 14% rise in revenue to £450.1 million and a 32% rise in underlying profit before tax of £5.4m.
Privately owned auto retail group TC Harrison has topped the franchised retailer ranking in the 2014 edition of Auto Retail Network’s Website Report.
New figures from a key influential report indicate that used-car sales have hit a nine-year high, generating a record market value of £42.7bn.
A gang who made a series of ‘drive off’ thefts from franchised retailers while posing as customers are beginning lengthy jail sentences this week.
Speaking to retailers and finance providers, a new trend is emerging surrounding FCA ‘regulations’. Because these regulations are in fact principles, rather than clear and easy to follow laws, interpretation is needed as to what precisely is required when selling consumer finance.