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Marshall reports first financial results since Constellation takeover

Marshall Motor Holdings has reported 74.6% turnover growth and a 354.4% rise in pre-tax profit in its first financial results since the acquisition of Motorline and privatisation by new owner Constellation Automotive.

FCA Consumer Duty: time to ‘make a plan and do what it says’

Automotive retail business have been reminded that they have until the end of October to ‘make a plan and do what it says’ to comply with the Financial Conduct Authority’s (FCA) new Consumer Duty regulations.

Used car price rise continues despite economic turmoil, reports Auto Trader

Used car prices rose by 2.17% on Auto Trader as new car supply constraints continued to drive a buoyant market in September.

CMA recommends new UK-specific automotive sector Block Exemption regulations

The Competition and Markets Authority (CMA) has written to the Secretary of State recommending the introduction of new, UK-specific block exemption regulations for the automotive aftermarket.

Vertu CEO says group could grow ‘anywhere at any time’ as it scales the AM100

Vertu Motors chief executive Robert Forrester has said that the car retail giant could grow “anywhere at any time” after revealing H1 results which suggest it is scaling the AM100 rankings.

Economist Rebecca Harding joins AM Live line-up to guide dealers through tough economy

Dr Rebecca Harding, an advisor to the Council of the Society of Professional Economists and former chief economist of the British Bankers Association, will deliver a keynote presentation at Automotive Management Live next month to help guide motor retailers through the turbulent economic conditions.

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Dealers And Manufacturers

The newly-updated MG ZS EV

MG halts sales of its affordable EVs to UK car buyers

MG Motor UK has halted its sales of affordable electric vehicles (EV) as it aims to meet an “unprecedented level of demand” amid global semiconductor supply shortages.

Polestar's expanding EV  model range

Polestar continues march to global growth ahead of EV range expansion

Polestar has continued its march to significant growth in the global electric vehicle (EV) market ahead of the expansion of its model range and planned listing on the Nasdaq.

Honda's virtual showroom for the HR-V hybrid

Agency model car retail not ‘completely off the table’ at Honda UK

Honda UK head of cars Rebecca Stead has told AM that the Japanese brand’s restructure of its UK retail network “delivered everything we said it would”.

VW ID.5 electric vehicle (EV)

Volkswagen to claim EV lead from Tesla in 2024, research suggests

Volkswagen could claim leading brand status in the electric vehicle (EV) market from Tesla as soon as 2024, according to new research compiled by Bloomberg Intelligence (BI).