Month: April 2012

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Rich List reveals motor trade top earners

Motor traders enjoyed a strong showing in the 2012 Sunday Times Rich List, the annual review of personal fortunes in the UK.

Sir Arnold Clark was the highest rated dealer group boss at number 191, based on a family fortune £467m, up £37m from last year.

Profits at Arnold Clark Automobiles, rated number three in the Motor Trader Top 200, fell 31.7 per cent from £73.8m to £50.8m in 2010.

Next in the listing at number 219 was Lord Edmiston, founder and owner of IM Group, the UK distributor of Subaru, Isuzu and Great Wall. The company also operates a property business.

Edmiston’s fortune was estimated at £400m, the same as last year. The Sunday Times also acknowledged him as one of the country’s top 20 charity donors with recent donations estimated at £35.5m.

Jack Tordoff, chairman of Bradford-based JCT600, and his family were rated at number 279 on a fortune of £290m, the same as last year.

The group is rated 13 in the Motor Trader Top 200 and this month reported record turnover of £623m but profits down 30.8 per cent to £8.5m, which it attributed to internal investment and squeezed margins.

Sir Peter Vardy and his family were rated at number 482 based on a fortune of £155m, up £5m from last year.

After selling the Reg Vardy Group to Pendragon in 2006 Sir Peter helped launch the Scotland-based Peter Vardy Group, rated 49 in the Motor Trader Top 200. The report estimated the Vardy family donated £1.3m to charity last year.

Tony Bramall, whose dealer group businesses have included CD Bramall and Bramall and Jones was rated at 527 based on a fortune of £144m. The Sunday Times estimated he held a £46m stake in Lookers.

Aukhpal Singh Ahluwalia, the founder of Euro Car Parts, was rated at 339m on a personal fortune of £225m (2010: £225m). Ahluwalia sold the business last October to the Chicago based LKQ Corporation for £285m but remained as chairman and managing director.

Elsewhere in the ratings property magnate Jack Petchey was rated at 189 on a fortune of £475m, down from £500m. Petchey retains a £34m stake in Lookers, according to the survey.

While F1 supremo Bernie Ecclestone, who started his career as a used car retailer, saw his fortune remain at £2.5bn making him the 23rd richest person in the UK

Following Met Office warnings IAM offer Advice to motorists on driving in heavy rain over the coming days.

Road safety charity the is offering motorists advice on driving in heavy rain, following Met Office warnings of torrential rain over the coming days.

IAM chief examiner Peter Rodger said: "A suddenly very wet road surface increases the chances of slipping when braking or steering, which is a problem not just for motorists, but cyclists and motorcyclists too.

"When driving in wet conditions remember that stopping distances will increase, and visibility will be reduced. Drop your speed and give yourself more time to slow down."

In cases of severe flooding, you should reconsider making the journey at all. If it is unavoidable, and you have to drive through deep water, the IAM recommends drivers take the following precautions:

Drive on the highest section of the road and don't set off if a vehicle is approaching you Leave time and space to avoid swamping other cars and pedestrians Drive slowly and keep going once you have started – make sure you have a clear run. In a manual car, keep the revs high by "slipping the clutch" (which means the clutch is not fully engaged) all the time you are in the water If you can't see where you are going to come out of the water, such as when approaching flooding on a bend, think twice about starting to drive into it In deep water never take your foot off the accelerator, as this could allow water to travel up the exhaust pipe Once you're out of the water, dry the brakes before you need them. The best way is to lightly apply the brake as you drive along for a few seconds, after checking nothing is following you too closely.

Is Time management a myth?

One of the most common things that owners and managers say is that there is not enough time to do all that is has to be done in a day. Time is our most precious commodity and the one thing, that if wasted, we cannot get back.
But is it the lack of time or is it time not well spent? It is easy to be side tracked when faced with a task that is unappealing. So what can be done?

Top time tips

According to John Standaloft, a high performance business and executive coach, it's not time that you need to manage. It's the CHOICES you make that YOU need to manage. The most successful business people and elite athletes know how to invest their time most effectively by choosing well. How?

•Get clear and confident about what really matters to you
•How and What questions get more done than Why questions
•Take time to stop and think – and plan
•Shift your focus from 'spending time ' to 'investing time'
•Create clear boundaries for others and yourself
•Don't solve every problem, just the important ones
•Avoid distractions like constantly checking your emails
•Do you say yes, when you want to say no? And vice versa?
•Take ownership – you make the decisions you choose
•Focus on progress and not perfection

Most importantly, remember that if you want to get different results you have to change your behaviour. Wherever you place your attention, your energy will follow. Recognise that your thoughts become your reality, so pay close attention to what you are thinking, and if your thoughts are negative

"can't do" ones -CHANGE THEM! It is YOUR CHOICE about what you think.
"Progress is impossible without change and those who cannot change their minds cannot change anything." George Bernard Shaw.

The average selling price of dealer part exchange vehicles rose by £2,457 in March

The average selling price of dealer part exchange vehicles rose by 4.6 per cent £2,457 in March, according to the latest Manheim Market Analysis report.

Overall average wholesale values in March were up 2.9 per cent (£206 to £7,236) when compared with February and up 2.0 per cent (£141) when compared with the same period last year.

Average values of small hatchbacks increased by 5.7 per cent £2,027, medium family by 6.5 per cent to £2,335, large family by 7.4 per cent to £1,995, compact executive by 5.6 per cent £166 to £3,138 and 4x4s by 5.9 per cent to £5,573.

Year on year average values of dealer part exchange vehicles are down 4.9 per cent.

Daren Wiseman, valuation services general manager, Manheim Auctions said: “Dealer part exchange values remained strong through the early part of March with retail demand matching supply.

“As we noted last month the pressure on 4×4 market values has continued as more and more vehicles come to auction and all vehicles in this sector need to be appraised and valued with a degree of realism.

“Increasing volumes and an easing in demand has once again started to impact on values across all vehicle segments. This has historically always been the case and should not come as any great surprise.

Wiseman said the short term forecast for April was “one of stability” and dependant on the strength of retail demand over Easter weekend.”

-More than one in ten motorists avoid parallel parking altogether.

Parallel Parking Proves Problematic
One in five motorists admit they can't parallel park and more than one in ten motorists avoid parallel parking altogether.

-The average motorist will spend 4 minutes attempting to park their car into a space before giving up, but one in seven will spend as much as 15 minutes.
-A quarter of motorists have got someone else to park their car for them.
-Drivers aged between 18 and 24 are the worst at parallel parking despite being most likely to have been taught in driving lessons.

-elephant.co.uk has created a short film showing drivers how to parallel park with ease, every time.

It might seem like a simple, everyday activity, but new research suggests parking is a real headache for many motorists in the UK.
New research by car insurance specialist, elephant.co.uk has revealed one in five (21%) motorists can rarely or never parallel park with three-fifths (58%) giving up and driving off because they haven't been able to manoeuvre their car into a space. More than one in ten (13%) motorists also admit they avoid parallel parking altogether.
Parallel parking was introduced to the driving test in the early 1990s, but according to the study, it's younger drivers that have the hardest time parallel parking, despite being the most likely to have been taught in their driving lessons (77%). Almost a third (29%) of drivers aged between 18 and 24 can rarely or never parallel park and are the most likely to avoid parallel parking altogether (16%).
The over 45s are the least likely to have been taught how to parallel park when they learnt to drive, however less than a fifth (18%) say they can rarely or never parallel park. The over 45s are also one of the least likely age groups to avoid parallel parking altogether (12%).
elephant.co.uk surveyed 2,000 motorists and found the average motorist will spend 4 minutes attempting to park their car into a space before giving up. Some motorists, however, spend much longer. One in seven (14%) will spend between 5 and 15 minutes and 1% said they will even spend more than 30 minutes attempting to park their car.
In fact, the research revealed parking is such a struggle for some people they resort to getting someone else to park for them. A quarter of motorists (25%) have got someone else to park their car with 59% asking their spouse or partner, 37% another friend or relative and 4% even asking a stranger.
elephant.co.uk managing director, Brian Martin said, "It doesn't matter if you're a new driver or if you've been doing it for years, parking can be tricky and parallel parking in particular does seem to be a challenge for many drivers.
"It seems the pressure of someone waiting for you makes the task of parking that much harder. Three fifths (59%) of motorists told us they find it more difficult to park if another motorist is stopped waiting for them to manoeuvre into a space and I can't help but agree!"
A third of drivers (34%) also said they would like to be taught how to parallel park now given the opportunity with more 18 to 24 year olds, than any other age group, wishing they could be taught again; 40% compared to 34% overall.
To help those motorists who struggle to parallel park and give everyone else a parking refresher, elephant.co.uk has joined forces with Fifth Gear's Tim Shaw and stunt driver and double British Autotest Champion, Alastair Moffat to share with motorists the key to parking with ease every time.
Visit www.elephant.co.uk/parking to watch the short film and discover a sure fire way to parallel park every time, no matter what vehicle you're driving.
-Ends-

Notes to editors:

elephant.co.uk is a trading name of EUI Limited and is part of the Admiral Group plc. elephant.co.uk was launched in August 2000.

elephant.co.uk specialises in providing car insurance online. elephant.co.uk targets 17-35 year-olds living in cities, who traditionally pay higher prem

Tips for Working with Recruiters

Your average job seeker just doesn’t “get” what a recruiter does.
If you’re planning on working with a recruiter here are a few things to keep in mind.

Recruiters don’t find people jobs: The average job seeker has it all mixed up – recruiters don’t go out and find jobs, recruiters find candidates. They match candidates with open positions given to them by their client companies. Recruiters are tasked with filling these job requisitions. If you’re planning on working with recruiters, understand that they are often looking for very specific types of candidates – don’t get offended if you don’t match.

Recruiters are part of the bigger picture: With this in mind, job seekers should embrace one or more recruiters as part of their overall job seeking strategy – not as an end-all solution. Professional networking, social media sites, and other job seeking channels should still be utilized to maximize individual job leads. Job seekers should recognize that recruiters can open additional doors for them and are inevitably part of the larger job market landscape.

Recruiters and job seekers need to work together: It’s all about teamwork. Job seekers should be honest about their credentials and in turn, recruiters will work hard to push their profile towards befitting opportunities. Be open and upfront about your current compensation and future expectations and recruiters will get the interviews rolling. If everything works out, the recruiter makes a placement and you get a new job – both sides win when there’s mutual respect and understanding.

All too often, job seekers throw themselves at recruiters and expect royal treatment. Candidates have a hard time accepting the fact that recruiters don’t work for them, but with them. Recruiters always have your best interests in mind (and they want you to get hired), but they can’t make individually tailored jobs appear out of thin air.

Seeing eye-to-eye with recruiters isn’t all that complicated when you use their services as one of many valuable resources in your job seeking toolbox. If you are looking for a job, make sure you pursue every avenue available to you – and that working with recruiters in the correct fashion is part of your job search strategy.

Data aquired from: http://www.recruiter.com/i/author/editor/
Marie is a writer for Recruiter.com. She has an educational background in languages and literature as well as corporate experience in Human Resources

United Autosports Ready For The Italian Job In Monza

-United Autosports plays ace card in strong driver line-up for start of Blancpain Endurance Series

-Leeds-based team ready for Monza 3-hour race with all-new McLaren MP4-12C GT3 cars
-Bumper 53-car entry for Italian season opener with 10 team nationalities and 10 manufacturers

After weeks of preparation United Autosports undertakes the 2012 season with its mighty two-car, six-driver McLaren MP4-12C GT3 sportscar team at Monza, Italy on April 13/15 for the first of six rounds in the 2012 Blancpain Endurance Series.

With a superb cast of world-renowned drivers comprising David Brabham (Australia), Álvaro Parente (Portugal) and Matt Bell (England) in the Pro Cup car team, and Mark Blundell (England), Zak Brown (USA) and Mark Patterson (USA) in the Pro-Am crew, United Autosports fields outstanding combinations of drivers in its bid to lift the Blancpain Endurance Series crown.

As well as teaming up with McLaren GT, the Leeds-based outfit is playing its ace card by fielding an ex-Formula 1 and outright Le Mans-winning driver – Brabham and Blundell – in each car, this duo bringing unprecedented experience to the young Anglo-American team, entering only its third season in 2012.

Also joining the team in the Pro Cup car is McLaren GT-factory driver Álvaro Parente, who is not only extremely quick but has spent the past year developing the McLaren GT car and provides powerful insider knowledge with regard to set up and further development for the team.

Teaming up with Blundell in the Pro-Am car is United Autosports co-owner and driver, Zak Brown and US-based South African, Mark Patterson, both of whom are very experienced endurance racers.

The Blancpain Endurance Series has attracted a capacity entry for its second season of racing which takes place at some of Europe's top circuits including the classic Monza track near Milan.

United Autosports is one of eight entries in the Pro Cup class with the sole McLaren GT in the category and Brabham, Bell and Parente will be competing against drivers in Audi R8 LMS, BMW Z4, Porsche 997 GT3R sportscars and a Mercedes SLS AMG GT3.

The Pro-Am Cup class has a massive total of 41 entries from some of the world's leading sportscar teams. The United Autosports' McLaren GT is one of nine contesting the category, which also comprises teams fielding a plethora of Ferrari 458 Italia, Porsche 997 GT3R, Mercedes SLS AMG GT3, BMW Z4 cars, as well as single entries for an Aston Martin DBRS9, Lamborghini LP600, Dodger Viper and a Nissan GT-R Nismo GT3. In addition there are a further four entries in the Gentleman Trophy.

As well as 53 cars across10 manufacturers, there are also 10 team nationalities represented at Monza including the United Autosports USA entry, which is operated from its Leeds,UK base.

Quotes:

Zak Brown (USA), Driver, Co-Owner and CEO of United Autosports:

"This is where the season really starts for us. Until now we've been learning about the new McLaren MP4-12C GT3 at a series of tests at Snetterton, Valencia, Monza and Paul Ricard and gelling together as a new team of drivers. But now this is where we put all this into practice and go racing. I believe we have an immensely strong driver line-up in both classes, and as a driver and team mate to the two Marks, I'm really looking forward to getting our first race underway at Monza with the aim of a podium finish in both categories.

Richard Dean (GB), Managing Director & Co-Owner of United Autosports:

"We've spent the last few weeks working with the McLaren MP4-12C GT3 and we all agree – drivers, engineers and mechanics – that we've got a real racing car with which to contest the Blancpain Endurance Series this year. It's also been brilliant working with the professional drivers in pre-season testing, all of whom have been first rate in giving feedback. I feel confident we've got the right drivers and right package to be fighting for podiums in bot

Budget brings future boost for all diesel company car drivers

– but removes advantage for EVs

CAP has confirmed with the that the removal of the 3% diesel surcharge, announced by the Chancellor in last month’s Budget , will apply to all registered diesel vehicles and not just those registered after April 2016.

This means that all diesel company car drivers will benefit, seeing a reduction in their BIK in 2016.

It is good news for company car drivers and means diesel cars will become even more popular in company car fleets. But for electric vehicles the move signals an end to their tax advantages and will do nothing to help the kind of fleet take-up necessary to create significant used market volumes.

The end of the 3% diesel surcharge will also help mitigate the growing overall tax burden on company car drivers, who are subject to ever increasing tax bills over the next few years.

For example, the driver of a diesel 120g/km car will see tax liability increase from 13% today to 22% for the 2015/16 tax year. On a £20,000 car this means the actual tax paid will rise from £1,040 a year to £1,760 by 2015/16 for a higher rate tax payer.

Mark Norman, Head of Automotive Intelligence Services at CAP, said: “It is a welcome move by the Government to give a lead time of several years before introducing such a measure because it gives drivers the opportunity to order their next car, fully armed with information about the tax implications of their choice.

“It will also encourage manufacturers to continue their efforts to gain competitive advantage in the company car market by further reducing CO2. The new magic figure is 94 grams or under, to qualify for the lowest rate of tax in 2015. Volvo's new V40 D2 already qualifies for this but there will no doubt be many more fleet-friendly cars brought under that limit by the time the new rules come into force.

“However, the hidden story here is perhaps the serious blow it represents to electric vehicles and other ultra-low carbon cars, with the removal of a significant advantage which will further constrain take-up. For example, a higher rate taxpayer running a Nissan Leaf goes from paying no company car tax at all in 2014/15 to more than £1,600 in 2015/16.”

ENDS

For further information contact Mike Hind, Communications Manager, CAP – a 4C Service on 0113 222 2044 / 07710 152030