The value of a used electric vehicle (EV) rose by an average of 30.4% in August as year-on-year like for like values in the wider market declined by 1.3%, according to Auto Trader.
Carwow achieved its £2 million crowdfunding target less than 60 minutes after opening the 28-day offer allowing customers and car retail partners to claim a stake in the online start-up’s future.
Carwow has reported a £15.9m pre-tax loss for 2018 less than a week after it called for investment from car retail partners as part of a new crowdfunding initiative.
Ancaster Group will take on the franchise for Hyundai Motor UK’s former Rockar-operated store at Bluewater Shopping just over a month after Motorline announced its departure from the site citing viability concerns.
Dealtrak has added to the nine appointments and promotions announced in June with the addition of four new members of staff as it aims to ‘bolster its in-house expertise’.
Shelbourne Motors has opened its new £5m multi-franchise complex, adding Renault, Dacia and Kia retail outlets to its business in Newry.
BNP Paribas Personal Finance has teamed up with Arval to offer UK car retailers a “one stop shop” vehicle stocking product which will allow traders to purchase and finance used stock at the same time.
Peter Vardy has revealed that it expects to complete 50% of its car sales online by 2023 after crediting a focus on used car sales and aftersales for profit growth in its 2018 financial results.
The Toyota Corolla Touring Sports has received a rugged makeover with the addition of a new Trek trim level created in partnership with Trek bicycles.
BCA displayed a Toyota Yaris in a giant shopping bag outside London's Kings Cross train station as the consumer marketing for its cinch online retail platform gathered pace.
Carwow is urging car retailers to “join their journey” by investing in the online car retail platform via a newly-launched crowdfunding scheme.
Kia Motors UK’s marketing director David Hilbert has been named as one of the most effective UK marketers in Marketing Week ‘Top 100’.
Pentagon Motor Group has commissioned Honcho to handle its digital marketing across its multi-franchise operations.
Franchised car retailers’ workshops captured 31.4% of UK vehicles’ MOTs during the first half of 2019, according to data published by Marketing Delivery.
Franchised car retailers are offering discounts of up to 40% of a vehicle’s original list price in an efforts to offload their pre-registered 19-plate stock during the September ‘plate change month.
Volkswagen retailers across the globe will set about replacing the brand’s logo at 10,000 car showrooms and service partners as part of a new corporate identity for the German brand.
Online car sales will number over a million across the globe in 2020 as rapid growth drives a further six-fold growth by 2025, according to research conducted by Frost & Sullivan.
Buyacar has advised car buyers to steer clear of costly options funded by a PCP finance plan – branding the resulting uplift in monthly payments a “rip-off”.
Auto Trader has sought to highlight the haggling hang-ups of UK car buyers with the launch of what it claims is “Britain’s first contactless car vending machine”.
Only a quarter of car buyers visit a car retailer’s website when researching their next new car purchase, according to a study carried out by CitNOW.
Manheim has launched a QuickList Imagery used car imaging offer in a bid to help speed-up retailers’ online marketing efforts.
Cazoo has followed its recent pre-launch recruitment drive with a move to secure tenancy in a new 17,500 square foot head office in Euston, London.
Harwoods Group has become the first Jaguar Land Rover (JLR) retailer to adopt Rockar’s end-to-end online new car sales ecommerce platform.
An ‘Incubator’ training scheme has been launched by iVendi as part of efforts to upskill its new recruits for the automotive finance sector.
Volkswagen has launched a YouTube series dedicated to its ID.3 hatchback which allows potential customers to learn about the new electric vehicle’s (EV) development.
