Peugeot UK has revealed that its online sales accounted for 15% of its retail car registrations in 2021 – doubling its digital traction year-on-year.
The electric vehicles (EV) revolution and new agency retail models are said to be placing up to 70% of existing dealership profit at risk in the next decade.
Dealers with a higher proportion of ‘satisfied’ customers are selling cars more quickly.
A share price slump has seen the value of online car retailer Cazoo halve since its August listing on the New York Stock Exchange.
The UK’s established used car retail operators will continue to dominate the sector after ramping up their breadth of services to see off new market disruptors such as Cazoo and cinch, iVendi has said.
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.
Driverama has said that it has no immediate plans to bring its growing online car retail operation to the UK after kicking off its growth in new European markets.
Dealer attitudes suggest a level of uncertainty about a 2022 car retail market increasingly defined by vehicle availability, the transition to electric vehicles (EV) and moves from manufacturers towards an agency franchise model.
Luscombe Motors has appointed former Mitsubishi and Suzuki finance specialist Soteris Neophytou as its new Innovation and development manager.
According to GForces data, there was a 32% year-on-year (YOY) increase in UK dealer online sales in the two weeks over the Christmas and New Year Period.
Cap HPI has launched a new digital imagery tool that is designed to help dealers and car makers to boost online sales.
Former Paddy Power and Lastminute.com tech expert Edgardo Savoy has joined the “fiercely ambitious” team at online car retailer Carzam as chief technology officer.
Former Dyson Group chief executive Jim Rowan will succeed Håkan Samuelsson as CEO and president of Volvo Cars as the brand continues its “rapid transformation of digitalization”.
Škoda UK national used car manager Barney Butterell has joined multi-brand electric automotive company Innovation Automotive (IA) as head of sales.
Insurers have been banned from quoting customers a higher price for renewing their motor and home insurance, than they would pay if they were a new customer.
Vertu Motors has recruited Auto Trader franchise brand director Chris Penny as its new group strategic projects director.
To convert UK motorists into electric car buyers soon the automotive industry will need to invest most heavily in television and online channels, according to a consumer study by YouGov.
Auto Trader will promote online car buying services with a brand-new marketing campaign launching on Christmas Day.
Keyloop has continued its strategy “to build, to buy and to partner” its way to growth with the acquisition of Peter Vardy’s online car retail software provider SilverBullet.
Lookers has boosted its fleet of vehicle delivery and collection vans alongside the launch of a new ‘click and sell’ online used car buying platform aimed at sourcing used car stock from private sellers.
Carzam has marked its first anniversary with the appointment of former Paddy Power chief executive Andy McCue as its new executive chairman.
Cinch will be the first-ever sponsor of Simon Cowell’s new ITV musical game show, Walk The Line.
In-market car buyers are increasingly likely to choose dealers because they are local, according to Judgservice.
The Financial Conduct Authority will set new rules for regulated financial services including motor finance by mid-2022 as it aims to “fundamentally shift the mindset of firms”.
Motor Connect has grown its online used car retail partnership with 30 independent dealers in the space of three months.
