VW - Vehicle Parts & Accessories

Lookers has appointed AX to handle all accident management business at its 129 dealerships and seven bodyshops. Under the terms of the agreement, Lookers will also use AXs service for electric car drivers. AX launched AX Electric earlier this year, a new service that guarantees electric replacement vehicles for EV owners following an accident. Duncan ... This story continues at Lookers appoints AX to handle accident management Or just read more coverage at Motor Trader ...

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Demand for used electric vans will exceed supply well into the second half of the decade with prices remaining strong. Thats the view of Paul Kirby of EV Essentials, taking part in a webinar organised by the Vehicle Remarketing Association (VRA). Delegates were warned that more care needs to learn to present used electric vans ... This story continues at Prices of electric vans to remain strong with limited supplies Or just read more coverage at Motor Trader ...

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Motorway has received a valuation of over $1bn following a $190m Series C funding round. The round is led by Index Ventures, backers of Deliveroo, Etsy and Dropbox, and ICONIQ Growth, a leading Silicon Valley technology investment firm and partners of Collibra, Miro and Wolt. Existing investors Latitude, Unbound and BMW i Ventures also participated ... This story continues at Motorway valued over $1bn and looks to deliver $2bn in sales next year Or just read more coverage at Motor Trader ...

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Greenhous has acquired Heatons Truck Group and its four DAF dealerships. Greenhous is rated 13 in the Motor Trader Top 200 Dealer Groups with annual turnover of �1.17bn and pre-tax profits of �8.8m. It represents Vauxhall, Nissan, Volkswagen commercial vehicles, DAF, and Ford. Founded in 1899, Heatons Truck Group is a 5th generation family-run business ... This story continues at Greenhous expands with Heatons acquisition in north west Or just read more coverage at Motor Trader ...

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Carzam has raised �112m in funding less than a year after its launch. It expects revenues to be close to �150m for its first year of trading, equating to 13,500 sales of quality used cars through its website Carzam.co.uk. The company launched in December 2020 and now employs more than 150 people. Founders Peter Waddell ... This story continues at Carzam predicts �150m in revenue and 13,500 sales in first year Or just read more coverage at Motor Trader ...

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Marshall Motor Holdings has confirmed that its largest stakeholder Marshall of Cambridge which owns 64.4% of the stock, has received a cash offer from Constellation Automotive. Constellation, which owns Cinch, BCA and Webuyanycar, is offering 400 pence per share for the group. Constellation now has 28 days to make a firm offer for the group. ... This story continues at Marshall in takeover approach from cinch owner Constellation Or just read more coverage at Motor Trader ...

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Caffyns turned in a strong performance with pre-tax profits surging 64% to �2.3m on turnover ahead 30% to �110.8m in the half year to 30 September 2021. Used car volumes surged 36% while new car sales were ahead 12% and aftersales 21% for the period. During the period it took on Lotus and MG in ... This story continues at ‘Exceptional’ used car sales see Caffyns H1 profits surge 64% to �2.3m Or just read more coverage at Motor Trader ...

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