The National Franchised Dealers Association (NFDA) said it has been in “production discussions” with the Competition and Markets Authority (CMA) on new Block Exemption guidelines. The NFDA and its advisers TLT have been holding talks with the CMA following its invitation to submit additional information and suggestions after the initial submission of a response to […]
Arnold Clark’s bid to acquire Yorkshire based franchised car retailer Car2 has ended after the two businesses were unable to strike a deal. Negotiations between the Scottish car retail giant and the recent addition to the 2022 AM100 rankings failed to reach a positive resolution as expected this week as the two parties fell short […]
Heycar has been criticised after making 73 employees redundant as part of a global restructuring process described as being part of a “ruthless” drive to deliver improved profitability. The online car retail marketplace insisted that it would continue to expand its range of products and services for the trade, despite the changes, which it claimed […]
