Car Dealer Magazine

3 days ago | cardealermagazine.co.uk | James Batchelor

Suffolk-based dealer group John Grose saw both turnover and pre-tax profit slide in 2024, newly published accounts show. For the year ended December 31, 2024, accounts via Companies House show that turnover for Car Dealer Top 100-ranked firm dipped by 4% to £191m and pre-tax profit dropped by 34% to £4.2m. The figures marked a change from 2023’s accounts, which saw a 24% fall in profit before tax despite a 6% rise in turnover, after a record year in 2022.

3 days ago | cardealermagazine.co.uk | James Batchelor

Warm weather and late Easter boost retail sales by 7%The sunniest April on record helped boost retail sales by 7% on last year, new figures show. The significant increase was also helped by this year’s late Easter, but even figures for March and April combined – to smooth out any distortion – show sales were 4.3% higher than a year ago, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor.

4 days ago | cardealermagazine.co.uk | Jack Williams

BYD wants to become the biggest car brand in the world and has its eyes set on becoming the UK’s number one within just three years. That is according to one of the firm’s most senior British executives, who has pledged to put ‘profitable dealers’ at the heart of the brand’s plans. Steve Beattie, sales and marketing director of BYD UK, says that the the market in this country represents a major ‘opportunity’ for the Chinese brand, which currently has around 60 dealerships.

4 days ago | cardealermagazine.co.uk | James Batchelor

Time is running out to vote in one of the motor trade’s most prestigious awards, so getting nominating TODAY. Voting for Car Dealer Power 2025 ends at 5pm NEXT MONDAY, May 19, but there’s still time to name who you think is the cream of the crop. Every year, the Car Dealer Power survey recognises the best suppliers and carmakers in the industry. The gongs are voted for by YOU, the dealers. Filling out the survey only takes a few minutes, so get nominating now.

4 days ago | cardealermagazine.co.uk | James Batchelor

Government wants to ‘go further’ with US trading relationship, says CooperThe government wants ‘to go further in terms of the trading relationship with the US’, the home secretary has said, as an American economist warned the deal struck with Donald Trump this week ‘isn’t worth the paper it’s written on’. Joseph Stiglitz told Sky News that had the UK worked with the EU on a deal, ‘you could have done better than what you’ve done’.