It’s not a surprise to see that dealers are generally downbeat about the state of the economy, with the balance of expectation toward fewer new car registrations in 2021 on the back of what was...

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  LOOKERS RESPONDS TO SHAREHOLDERS MORE AREAS ON BRINK OF TIER 4 VINES REPEATS £1.7M LOSS GILLANDERS CLOSES DUE TO COVID VW OF AMERICA ‘WANTS TO BE LOVED’ STOCKWATCH – Pendragon up 10.9%...

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Reports over the weekend have suggested motorists should wait a month to save up to £1,100 on car finance. The Pointing to the discretionary commission ban due at end of next month, The Telegraph...

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  TIER 4: SHOWROOMS TO CLOSE, AGAIN FINANCE BUYERS TOLD TO ‘WAIT AND SAVE’ LOOKERS FAILS TO HIT 2020 INTERIMS DEADLINE PORSCHE EXPANDS EU ONLINE SALES FORMER AUTONATION CEO REJOINS JM FAMILY...

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28 January is a pivotal opportunity for motor finance to reinvent itself and create a new level of consumer trust and confidence in the dealer finance model. It is also a significant opportunity to...

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Amsterdam’s Farringdon Capital Management, co-founded and owned by Bram Cornelisse, has taken a 3.36% stake in Pendragon. The deal sees Farringdon become Pendragon’s sixth-largest institutional...

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  RYBROOK TURNOVER UP, PROFIT DOWN EASTERN WESTERN PROFIT UP 15% SNOWS MAINTAINS PROFIT IN 2019 CARWOW HONOURS RETAILERS IN NEW AWARDS FORD LAUNCHES USED CAR PLATFORM BMW TAKING CONTROL OF SALES...

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  AUTO INDUSTRY SLAMS LOCKDOWN DECISION LLOYD PROFIT FALLS 24% IGA SHORTLISTED FOR COVID CHAMPION AWARD AUTO RETAIL LIVE TO DISCUSS LOCKDOWN FRENCH RETAILER LOCKDOWN BLOW GROUP 1’S HESTERBERG:...

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  EC CONSULTS ON BLOCK EXEMPTION RULES COMPLEXITY SLOWING VOLVO ONLINE SALES, SAYS MD LOOKERS TO SELL OFF WEST LONDON SKODA SMMT URGES UK EU TRADE TALKS CINCH CHANGES FOCUS US DMS CEO IN...

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The FCA policy statement and final rules document ‘Motor finance discretionary commission models and consumer credit commission disclosure’, published in July, provided the platform that confirmed...

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  GLYN HOPKIN PROFIT, TURNOVER UP EASTERN WESTERN MOTOR GROUP IN £11.9M PROFIT HALFORDS TO RECRUIT MORE TECHNICIANS MAZEPOINT LAUNCHES MAZEINSIGHT INTELLIGENCE JEMCA TOYOTA CAR WASH ‘MAKING...

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In July the FCA confirmed that discretionary commission models will be banned from 28 January 2021, following a consultation in October 2019, and issued revised commission disclosure rules....

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  LISTERS PROFIT DOWN, MOTORLINE UP LEVC TO PIGGYBACK ON VOLVO NETWORK BCA’S NEW RETAIL READY SALES CAZOO OPENS IN WALES CAR BUYERS DISMISS NEW COVID MEASURES ASE AUTOMOTIVE TAKES OVER US...

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The Financial Conduct Authority’s new ruling on commission models has been released – what does it mean for retailers? Around 90% of new cars are sold on finance, so when the Financial Conduct...

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Discretionary commission models will be banned by the Financial Conduct Authority from 28 January 2021. The FCA has also issued revised commission disclosure rules. The ruling follows a consultation...

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Lookers is advertising for four experienced big 4 auditors who are immediately available to “complete a complex audit and accounting investigation”. The four recruits, who must be ACA qualified...

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  RETAILERS REPORT FIRST WEEK REBOUND 1 IN 4 RETAIL JOBS UNDER THREAT HOW TO BRING CUSTOMERS BACK SUCCESSFULLY MORE RETAILERS CLOSE BCA BUYER APP EXTRAS GERMANY REOPENS BUT SALES DOWN 50% CARVANA...

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Lookers is aiming to cut 1,500 of its 8,100-strong workforce as it enters a restructuring plan. The move comes as dealer group has experienced a host of difficulties in the past year including an...

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Lookers shares are down 71% in a year, valuing the business at £97.9m, reports The Sunday Times. Debt could soon exceed the valuation: it had £65m of debt at the end of April and the cost of...

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  TRADE PLATE TEST DRIVE CLARITY SOUGHT EDEN SHUTTERED ‘TO PROTECT EMPLOYMENT’ MID-MAY RETURN TO WORK? HOW TO PREPARE YOUR SHOWROOM FOR SOCIAL DISTANCING CORONAVIRUS: auto industry round-up...

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