Cazoo has reported an £8 million gross profit in Q2 after its online used car retail volumes surged by 429% a year on from the first COVID-19 lockdown period.
V12 Vehicle Finance (V12VF) and Moneyway have partnered with Codeweavers, to launch a new digital finance calculator to support dealers and their customers.
Motor Connect expects to double its turnover in the coming year to £20 million as more buyers embrace online car buying.
Motorpoint has revealed that it sold 61% of its used car volume online in Q1 as it accelerated its ecommerce retail offering to deliver a record start to 2021.
Almost half (46%) of car dealers say they worry about the rise in online car purchases, according to research from Close Brothers Motor Finance.
The average car buyer is most interested in a car’s dimensions and boot space when searching for a new vehicle, according to analysis from BuyaCar.co.uk.
Cinch has named Leanne Thames as its new operations director and appointed Amy Townsend as senior marketing director.
Cazoo is poised to invest £1 million in a new used car handover customer centre in Carlisle - the first of seven new facilities.
Drivvn has designed a suite of comparator tools that provides a total life view of owning an electric vehicle (EV).
GForces and Autofutura have promised to join the dots of automotive e-commerce as Automotive Transformation Group following the two UK tech businesses' merger back in April.
Allianz has become a strategic core investor in heycar in a move that will bring new investment and allow the online business to become “holistic and customer-centric mobility provider”.
The car retail sector has been hit hard since the outbreak of the COVID-19 pandemic.
Auto Trader has revealed that car buyers are considering vehicles being offered for sale 25% further from their homes since the start of the COVID-19 pandemic.
Peter Vardy Group has officially left the Vauxhall franchise network and launched its Carz Supermarkets brands at the six Vauxhall sites across Scotland.
Peter Vardy Group has launched a new car buying service called GoodByeCar, which offers motorists a convenient way to sell unwanted vehicles.
Used car advertising platforms Gumtree and Motors.co.uk are being offered for sale after Norwegian online advertising business Adevinta completed the acquisition of eBay Classifieds Group.
Škoda has set out plans to sell one-in-five of its car online by 2025 as part of its new ‘Next Level – Škoda Strategy 2030’.
The Mercedes-Benz GLA Class compact SUV topped the rankings of the fastest-selling used cars advertised on Auto Trader as dealers continued to see a reduction in days to sell.
In an exclusive 'guest opinion' for AM, Dealerweb director Martin Hill asserts that reports of the death of the traditional car retailer have been greatly exaggerated.
The Motorpoint used car supermarket PLC aims to almost treble its revenues to £2 billion with a new “medium term” business strategy laid out in its 2020 annual financial results.
It’s nearly 450 days since dealerships were able to open their doors without the threat of Covid-19 causing ambiguity and confusion.
Genesis Motor Europe’s home test drives and promise of multiple handovers to facilitate vehicle familiarisation is only being offered to customers in the UK’s South East – for now.
Car dealership sites are set to undergo a major transformation over the next decade.
Constellation Automotive Group has switched the focus of its Corby used car preparation centre from Cazoo to its own cinch online retail offering – delivering a potential 30,000 cars per year.
Genesis Motor Europe has partnered with retail brand experience specialist Stellar to help create its Westfield London studio and is set to make its debut at the Goodwood Festival of Speed 2021.
