AM Digest News round-upRenault business, leaving it with Newcastle and Carlisle showrooms. The Gateshead site will continue with an authorised repair business for the French brand and used car sales. The Newcastle showroom will close its service department in Scotswood Road. The Morpeth site also held a Volkswagen authorised repair
franchise, which has closed.Source AM Feb 3Read more....Funds for Pendragon ContractsPendragon Contracts, the contract hire division
of motor group Pendragon, has secured an agency funding facility, potentially providing up to £20 million, with Barclays Corporate. It will
enable Pendragon Contracts to provide increased contract hire facilities to its clients.Source AM Feb 2Read more....Sytner man is Ferrari's finestDean Pallett, diagnostic technician at Graypaul Nottingham, part of Sytner Group, has won the 2011 Ferrari Technician Challenge, a competition which recognises the finest talents throughout the global network.Source AM Feb 1Read more....Win for Pebley BeachSwindon's Pebley Beach car dealership has been named Suzuki's UK Car Dealer of the Year. It was up against almost 150 other Suzuki dealers and walked away with the accolade for the third time.Source AM Dec 1Read more....Farnham dealer adds MitsubishiWiltshire & Sons has opened its Mitsubishi showroom in Farnham. The family owned business is based at the Farnham Trading Estate and is also a Seat authorised repairer.Source AM Jan 24Read more....Manufacturer newsSubaru takes care of everythingSubaru UK has launched a new three-year retail customer aftersales package called Everything Taken Care Of (ETCO) which will be included in the price of every new model. Subaru says the ETCO package is worth up to £7,000 and includes 11 different elements, from monthly wash and vac to lost key replacement and winter wheel and tyre storage.Source AM Jan 27Read more....Hyundai partners AutorolaHyundai Motor UK has teamed up with online remarketing company Autorola to provide its 160-strong dealer network with an online trade used car sales system to enable it to sell its overage, duplicate and non-franchise used
vehicles. Called Hyundai Autofind, the online system went live on January 9 and opens up dealer stock to Autorola's network of trade buyers. Source AM Jan 27Read more....Motorsport promotions for MGMG Motor UK, the Longbridge-based operation of the Chinese-owned car brand, will take part in the British Touring Car Championship this year. Continues
New car marketNewsDealerprofileNew carnewsUsed car RecruitmentanalysisNewsdigestShowroomThe carmaker, which aims to expand its dealer network, is building a racing version of its MG6 car, which it launched in the UK last year.Source AM Jan 25Read more....Composite supplier for MercedesMazepoint has taken over as dealer composite supplier for Mercedes-Benz UK. The London-based company, which also provides composite services to Toyota and Lexus, won a tender process late last year for the supply of dealer composite and business management reporting tools. In addition to providing business management reports, Mazepoint will add a range of analysis tools enabling dealerships to analyse network and business data, generate their own bespoke reports and guide effective management actions.Source AM Jan 25Read more....Saab service continuesSaab Parts UK has confirmed to dealers that the free servicing offer sold to customers from July until November 28, 2011, will be honoured. The remaining network of 84 authorised Saab repairers can also offer "a fully-supported dealer guarantee" that can be applied to the purchase of all nearly-new and the remaining 200 new cars left in stock in the UK. The guarantee looks to replace up to 90% of what was the manufacturer warranty which is now "null and void" following the collapse of the Swedish manufacturer. UK Saab authorised repairers have also confirmed that the Saab Assistance AA recovery remains in place with any Saab of less than three years old.Source AM Jan 31Read more....Economy newsMortgage rates to be volatileBrokers are telling new borrowers to expect mortgage rates to fluctuate in the coming months, owing to economic uncertainty. A number of major lenders have increased the cost of a mortgage for new borrowers in recent days. Brokers suggest that the increased activity is likely to be followed by an "ebb and flow".Source BBC Jan 27Read more....Web economy to double by 2016The value of the web economy in G20 countries will nearly double by 2016, according to Boston Consulting Group. Driving the spurt from $2.3 trillion (£1.5tn) to $4.2tn (£2.7tn) will be the rapid rise of mobile internet access. The study, commissioned by web giant Google, assumes that in four years three billion people will be using the internet, or nearly 50% of the world's population. The research suggests that the UK is one of the most advanced e-commerce economies.Source BBC Jan 27Read more....Insolvencies increased in Q4 2011A continued lack of consumer confidence saw UK automotive insolvencies increase by 120% from Q3 to Q4 in 2011, according to the latest statistics from the Insolvency Service. Graham Bushby, head of motor at Baker Tilly Restructuring and Recovery LLP, said: "As well as small unfranchised dealers feeling the downturn, a number of well-known independent franchised dealer groups have gone into administration."Source AM Feb 3Read more....