Suzuki GB director of Automobile Dale Wyatt has told car retailers that it is time to stop the back-slapping and start planning ahead with a “recessionary mindset” to succeed in a cost-of-living crisis.
The UK’s new car finance suffered its “largest contraction” in new business volumes since February 2021’s COVID-19 lockdown period during June, according to new data published by the Finance and Leasing Association (FLA).
TG Holdcroft has reported a £100 million increase in turnover during 2021 after growing its portfolio with new Alpine, Dacia, MG and Renault car dealerships.
AM100 car retail PLC Caffyns plans to open new Lotus and Volvo dealerships after post-lockdown trading delivered a 26.3% rise in revenues and 207.9% surge in pre-tax profits in 2021/22.
In the latest edition of AM industry commentator David Francis pondered how the challenges faced by car manufacturers were shaping the new car registrations rankings as well as their profits.
It’s just over two years since the UK first went into lockdown and it’s safe to say we’re all continuing to feel the impacts of the pandemic.
The COVID-19 pandemic, the rise of the agency model retail model and new vehicle supply shortages have convinced many car retail bosses that it is the “right time to exit” the business – triggering a three-fold rise in dealership sales.
HMCR is increasing its focus on reviewing Coronavirus Job Retention Scheme claims and there is an increased chance of motor retailers being selected for review.
Northern Ireland used car retailer Bob Mullen Motors is set to close six months after the death of its founder from COVID-19.
One of the things that has changed due to COVID and, to some extent, Brexit is that commonly held mantras of good management have started to be questioned.
Newspaper The Times has criticised dealer groups which it says will post "record annual profits" this year for not paying back the state support they received when COVID lockdowns closed their showrooms.
Used car retailers rallied against three months of COVID-enforced dealership closures and vehicle supply shortages to deliver annual sales up 11.5% year-on-year in 2021.
Mercedes-Benz franchisee LSH Auto celebrated a heady mixture of top performing staff at a virtual awards event made fun by cocktail-making masterclass.
In the latest of Automotive Management's (AM) '10 minutes with...' feature series Tom Seymour sat down with National Franchised Dealers Association (NFDA) chief executive Sue Robinson.
Online car marketplace Heycar is reintroducing its free car delivery scheme.
A decline in the availability of cars during a year hampered by COVID-19 and supply constraints has been blamed for record automotive customer complaints in 2021.
Law firm Howes Percival is warning employers considering a ‘no jab, no sick pay’ COVID-19 policy to seek legal advice before instigating any changes.
Stoneacre Motor Group remains “well-positioned for continued expansion” after 2020/21 annual financial results detailed a near-170% rise in pre-tax profits.
Government’s work from home advice and the mandatory wearing of face masks will be scrapped after Prime Minister Boris Johnson announced an end to COVID-19 Plan B measures.
More than three-quarters (76%) of in-market buyers are planning to visit a car showroom in the next three months, despite the ongoing Coronavirus risks.
