The Bulletin news
New tax rules hit employees
Auto retailers will have to review the way in which demonstrator vehicles and used car stock are used by staff for private transport following the introduction of new car tax averaging by HMRC. The RMIF has warned that auto retail staff who have access to a company car but are not allocated a specific vehicle are likely to... Pendragon warns of full year loss
Pendragon has warned its investors of continuing downturn in the UK new car retail market and said it expects to report a full year loss before exceptional items for 2008 of £30 million. The group said it has already made more than 2500 jobs redundant and... Property values down by 15%-20%
A period of subdued corporate activity in the automotive sector underlines the tough trading environment which many auto retailers are encountering, according to the latest property market review from Rapleys. Demand from retailers is very patchy although several manufacturers appear to be... Volvo to back open point investors
Volvo is to set up a retail development programme as it seeks to fill open points in the network, especially in urban areas. The carmaker has said it “anticipates that it will have a hand in helping locate and set up new partnerships” as part of its latest franchise review. The new flagship dealership which has just opened is... Report forecasts aftersales slump
Recession is not only hitting new car sales but will soon hit franchised auto retailers’ service and repair departments too. The new Castrol Professional Car Service & Repair Trend Tracker 2008 report forecasts that the current downturn in new car sales will slow the recent growth in the UK’s car parc and... Cars Direct expands
Cars Direct, the specialist online auction company, has opened up operations in Northern Ireland with a launch sale in Ballyclare. The site is being run in partnership with Woodside Motorfreight, the auto-logistics division of Woodside Group. The partnership allows Cars Direct to offer...
Auto retailers will have to review the way in which demonstrator vehicles and used car stock are used by staff for private transport following the introduction of new car tax averaging by HMRC. The RMIF has warned that auto retail staff who have access to a company car but are not allocated a specific vehicle are likely to... Pendragon warns of full year loss
Pendragon has warned its investors of continuing downturn in the UK new car retail market and said it expects to report a full year loss before exceptional items for 2008 of £30 million. The group said it has already made more than 2500 jobs redundant and... Property values down by 15%-20%
A period of subdued corporate activity in the automotive sector underlines the tough trading environment which many auto retailers are encountering, according to the latest property market review from Rapleys. Demand from retailers is very patchy although several manufacturers appear to be... Volvo to back open point investors
Volvo is to set up a retail development programme as it seeks to fill open points in the network, especially in urban areas. The carmaker has said it “anticipates that it will have a hand in helping locate and set up new partnerships” as part of its latest franchise review. The new flagship dealership which has just opened is... Report forecasts aftersales slump
Recession is not only hitting new car sales but will soon hit franchised auto retailers’ service and repair departments too. The new Castrol Professional Car Service & Repair Trend Tracker 2008 report forecasts that the current downturn in new car sales will slow the recent growth in the UK’s car parc and... Cars Direct expands
Cars Direct, the specialist online auction company, has opened up operations in Northern Ireland with a launch sale in Ballyclare. The site is being run in partnership with Woodside Motorfreight, the auto-logistics division of Woodside Group. The partnership allows Cars Direct to offer...
