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MOTOR WORLD STORES TO JOIN A1 NETWORK

MOTOR WORLD STORES TO JOIN A1 NETWORK

motorworldEffective immediately, A1 has added 37 branches to its motor factor membership. The move represents a major milestone for the group, with the newest stores ideally placed around England and Wales to ensure even greater coverage to its customers.

In a statement, A1’s Head of Operations, Simon Salloway, said: “I am thrilled to welcome Motor World Ltd to A1 Motor Stores.

“Over the coming weeks, the A1 Support Team will work alongside the team at Motor World Ltd to integrate into the A1 set-up, and I’m sure all approved suppliers will join me in formally welcoming the organisation into the group.”

Motor World Sales and Operations Director Ian Lawrence said: “While it’s true we’ve got direct relationships with many suppliers and they are shipping to our stores already, joining A1 gives us an extra edge.”

“I think there are an awful lot of benefits for Motor World in joining A1, but the overriding reason for wanting to join was to increase the ranges we’ve got and the number of suppliers that are available to us. The deals are already set up with suppliers to A1. There’s an opportunity for us to become more involved in A1 too. Because of the scale I think joining forces with other retailers we will be able to introduce new ranges” he concluded.

 

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GSF AVOID ADVERTISING WATCHDOG ACTION

GSF AVOID ADVERTISING WATCHDOG ACTION

GSF Car Parts have avoided any further action for a promotional campaign, following a complaint from a member of the public.

The issue revolved around a promotional email for GSF Car Parts sent on 26 August 2016 that stated: “45% OFF* ALL CAR PARTS. Offer valid from Friday 26th to Monday 29th August”, A footnote at the bottom of the ad stated “… GSF Car Parts reserves the right to withdraw these offers at any time. Offer valid from Friday 26th August to Monday 29th August at 23.59”.

The complainant wrote to the Advertising Standards Agency (ASA) to challenge whether the ad was misleading because they received a subsequent email on  August 30, which stated that the closing date for the offer had been extended until September 1.

GSF responded to the watchdog that a problem occurred with the server used to process ‘Click and Collect’ orders shortly after the email was sent. They said that the server was used to send those orders to the relevant GSF Car Parts branch and because of that problem, the service was unavailable. The chain added that it was never their intention to mislead or place any consumers at a disadvantage; it said it extended the offer in good faith to their customers who had been unable to use the GSF website because of the technical problem.

A statement from the ASA said: “We considered that GSF Car Parts took action as soon as they could to resolve the problem and we understood the problem was the motivation behind their decision to extend the closing date of the promotional period”. No further action was necessary.

GSF-topbox

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COMPETITION WATCHDOG TO INVESTIGATE ANDREW PAGE TAKEOVER

COMPETITION WATCHDOG TO INVESTIGATE ANDREW PAGE TAKEOVER

The Competition and Markets Authority is to probe the recent acquisition of Andrew Page by Euro Car Parts.

The case was opened on October 14, but no start or end date for the inquiry  has yet been announced.

Full details on the investigation, including the contact for any representations can be found on the CMA website here. 

 

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GROUPAUTO SHOW NEWS: TOTAL JOINS BUYING GROUP

GROUPAUTO SHOW NEWS: TOTAL JOINS BUYING GROUP

Lubricant manufacturer TOTAL has joined Groupauto (GAU) and United Aftermarket Network (UAN) as an approved supplier.

The agreement means that members of the buying groups will benefit from the support and services offered by the lubricant firm.

Jim Gross, Supplier Manager UK Trading Group at GAU and UAN said: “TOTAL’s OEM expertise and motorsport pedigree, with the likes of the Red Bull F1 team, the World Rally Championships and Aston Martin Racing has resulted in a great deal of innovation, which is clear to see in their high product quality lubricants. Added to this is the reliability of UK manufacturing, which is very important to motor factors who want the best for their customers.”total

The brand officially launched to the buying group’s members last Friday, October 7 at the GAU Trade Show, held in the Exhibition Centre, Liverpool.

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ANDREW PAGE TAKEOVER: STATEMENT FROM ECP PARENT

ANDREW PAGE TAKEOVER: STATEMENT FROM ECP PARENT

Following the news earlier this morning that ECP parent company, LKQ holding is to acquire Andrew Page, the following statement has been issued by LKQ:

“LKQ Corporation today announced that its United Kingdom subsidiary, Euro Car Parts, has acquired substantially all the business assets of Andrew Page Limited, a distributor of automotive parts in the United Kingdom. As part of the transaction, Euro Car Parts will acquire 102 Andrew Page branch locations, its national distribution centre and corporate office. 

UK C.E.O. Martin Gray said “I am delighted to confirm that the future of the Andrew Page business has been secured, which celebrates its UK centenary next year. We remain committed to assuring that the iconic Andrew Page “Brand” continues to thrive and will remain separate from Euro Car Parts, but will benefit from our UK infrastructure, inventory and the financial support from the LKQ Corporation.” 

Gray added “I am thrilled to confirm that Mark Saunders will remain as Managing Director of Andrew Page and we are committed to retaining all team members – they are the DNA that makes Andrew Page so uniquely special.  We very much hope that Andrew Page’s customers will continue to support Andrew Page, partnering with them to ensure that the Andrew Page proposition, that they rely upon and love, continues to meet their current and future requirements”.  

UK Chairman and LKQ Board Member Sukhpal Singh Ahluwalia added “As a competitor, I have always had the greatest respect and admiration for Andrew Page and the brand. So today, I’m absolutely delighted to welcome them into the LKQ family. The acquisition by LKQ firmly demonstrates our ongoing commitment to the UK market, which includes their investment in the Euro Car Parts brand new 1.6M sq. ft. distribution centre, located in Tamworth and our recent acquisition of Arleigh, a specialist leisure wholesaler.”

We’ll bring you more developments on this story as they occur.

 

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BREAKING: ECP PARENT ACQUIRES ANDREW PAGE

BREAKING: ECP PARENT ACQUIRES ANDREW PAGE

Following yesterday’s news that Andrew Page was on notice of intent to appoint administrators.

A statement from the company reads as follows:

 

Andrew Page today announces its sale to LKQ Corporation (LKQ) in a strategic acquisition by the US buyer. 

The purchaser, an S&P500 company listed on Nasdaq, is a leading motor parts distributor in the US and the owner of Euro Car Parts in the UK.

Leeds-based Andrew Page is a major distributor of quality auto parts, workshop equipment, tools and diagnostics, primarily to independent garages. Founded in 1917, the company has 109 sites and over 2,000 full time and part time staff. It had sales of £192m in the financial year ending September 2015. 

Jim Sumner, chairman of Andrew Page, said: “The strategic acquisition by LKQ recognises that Andrew Page is a strong business with a historic brand. 

“We are pleased at the completion of the sale, which brings the business and its employees into a global group with more than $6 billion in sales.

“The investment also highlights the continuing attractiveness of British businesses for foreign buyers.”

LKQ is buying substantially all of the assets and operations of Andrew Page, except for seven of the company’s 109 branches.

Mark Saunders, chief executive of Andrew Page, said: “This is a great deal for Andrew Page and its employees and puts us in a strong position for the future.

“We are looking forward to working with LKQ and Euro Car Parts at an exciting time for the motor parts sector, which is undergoing consolidation throughout Europe.”

Andrew Page made a number of significant investments in the last financial year, including £1m in a new state-of-the-art telephony system, continued upgrades to its van fleet and new infrastructure at its national distribution centre in Markham Vale. Andrew Page also acquired the Solid Auto brand and business in March 2016.

As part of the sale process, administrators from PwC were appointed to Andrew Page Limited, Solid Auto (UK) Limited and Colton Parts Company Limited on October 3 and immediately concluded a pre-packaged sale of the business and assets of each company to the purchaser.

 

We’ll bring you more news as it breaks.

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ANDREW PAGE: STATEMENT FROM COMPANY

ANDREW PAGE: STATEMENT FROM COMPANY

BREAKING: Andrew Page has issued the following statement in response to the earlier story.

“The management team of Andrew Page has been working with PwC to explore strategic options for the company, including a potential sale of the business. This process is near completion and the company expects to make an announcement soon.

As a precautionary measure the company filed a Notice of Intention to Appoint Administrators on September 22. This notice provides an initial period of up to 10 working days during which the team can focus on completing the sale process.

The company expects the sale process to conclude imminently at which stage it will be able to update all staff and customers”.

Further news will be posted as it breaks.

 

 

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ANDREW PAGE FILES NOTICE OF INTENT TO APPOINT ADMINISTRATORS

ANDREW PAGE FILES NOTICE OF INTENT TO APPOINT ADMINISTRATORS

BREAKING NEWS: Andrew Page has filed a notice of intention to appoint administrators at Manchester High Court.

CAT has confirmed with the court that the notice, filed on September 22, lists PWC as the chosen receivers, but no statement from either parties has yet been made.

 

Updates will follow as soon as they occur.

 

 

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HOUSE OF LORDS LAUNCH DRIVERLESS VEHICLE INQUIRY

HOUSE OF LORDS LAUNCH DRIVERLESS VEHICLE INQUIRY

House-of-LordsThe House of Lords science and technology committee has launched an inquiry into future uses of driverless vehicles in the UK.

This inquiry will collect evidence on the potential uses and benefits of autonomous vehicles in contexts such as road transport, farming and space exploration, according to the IAAF.

The committee is seeking written evidence from as wide an audience as possible and across a whole range of possible applications from cars to public transport.

Lord Selborne, committee chairman, said: “Rapid progress is being made in the development of these vehicles.

“Autonomous vehicles are being developed for a range of different purposes and have the potential to bring great benefits across a range of different sectors, for example in farming.

“We will examine what the Government is doing to support research into developing autonomous vehicles in the UK, as well as the real-world implications as these vehicles start to appear on the roads and in the work place.

“If the UK is to be at the forefront of this transport revolution, investment into research is vital to ensure the technology is perfected, allowing the public to embrace the use of autonomous vehicles.

“There are potentially considerable economic opportunities and public good benefits from this technology.

“We will look at whether the Government’s actions are appropriate in supporting these opportunities” he concluded.

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SPARTAN LEAVES PARTS DISTRIBUTION PARTNERSHIP FOR IFA

SPARTAN LEAVES PARTS DISTRIBUTION PARTNERSHIP FOR IFA

SPARTAN

Newport-based Spartan has announced that it has joined the IFA buying group.

The factor had previously been a member of the Parts Distribution Partnership (PDP) but was one of five members to leave the group in August.

The move must have come as a blow to the PDP as it has lost five out of twenty-one members  in just a few weeks. It had already lost Panks of Norwich, which rejoined GroupAuto. More significantly, founder members Pat Williams, Partservice and Carspares Factors London left the group on the same day.

While no party has commented on reasons for leaving the PDP, Spartan is delighted to be joining the IFA. “It seems to be a good fit for both us and the IFA” said Lee Gratton, a Director at Spartan. “We’re really looking forward to dealing with some new suppliers who they are aligned with”.

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