Motor Trade Radio

On this Saturday’s episode of MotortradeRadio.com, Philip Nothard and Derek Blair discuss the week’s headlines from Motortrader.com, including this week’s lead headline, that PSA has confirmed it is in talks to buy General Motors’ European Opel and Vauxhall operations. Jaguar Land Rover has announced plans to boost its London sales operations by opening two new sites, including a flagship facility operated by Sytner, as well as significantly upgrading its existing showrooms in the capital. They also look at reports that New car prices have risen by an average of 5.2% in the past seven months following the Brexit vote to leave the EU. In another news, Britain’s used car market surged to record levels in 2016 with 8.2 million vehicles finding new owners, up 7.3% on the previous year. Pendragon saw underlying pre-tax profits rise 7.6% to £75.4m on turnover up 1.9% to £4.4bn for the year ending 31 December. And the group plans to open five used sales outlets in the first half of 2017 and is actively pursuing five