Hi-tech entrants, new alliances and products, ongoing regulatory changes and old supply woes will make for an interesting 12 months
Pre-tax profits have dropped by 18.3% at the UK’s largest independent car dealer group Motorpoint.
Its sales defy the UK downturn, dealer morale is up and new EV models are on the way, but Volvo is not resting on its laurels, says MD Kristian Elvefors
UK vehicle manufacturers face a likely £3.2 billion annual increase in costs from WTO tariffs on imported parts and exported vehicles if the UK leaves the European Union without a “world-beating” trade deal, says the SMMT.
London-based AM100 car dealer group HR Owen aims to build on its reputation for luxury car sales in becoming the UK’s top destination for electric supercar buyers.
Motors.co.uk, Gumtree and eBay have come together under one brand, the eBay Motors Group, and will enable motor retailers to access their broad range of vehicle advertising services from a single point from 2020.
2019 half-year pre-tax profits at Caffyns have plunged 92% from the same period in 2018 as it battled Volkswagen and Audi supply problems and “a difficult economic and political background”.
Together with global research firm GWI, CarGurus is creating a car buyer trust index, to build on the critical role that trust plays in such a major purchase.
Business lessons from the Formula One motor racing industry were shared with dealer group leaders at a recent CDK Global Connect seminar in London.
Sytner Group is cutting its Volkswagen representation by a third, by closing one dealership and selling four to Johnsons Group.
UK car fleets continue to see diesel as “a primary buying choice” and will still be running diesel cars in five years' time, a new report by the AA and Rivus Fleet Solutions said.
Glyn Hopkin has become the latest AM100 dealer group to begin sales of used cars online and processed its first sale within 11 hours of launching the service.
New car sales remain in decline but data for Q3 2019 shows the UK's used car sales volumes have risen by almost 20,000 units.
MG Motor UK's dealer network has expanded into Hemel Hempstead with the appointment of Palmers MG.
The advertising watchdog has thrown out 25 complaints against Toyota GB over its recent TV, poster and Facebook adverts for the Lexus UX hybrid.
