Car supermarket chain Motorpoint suffered a swing from £21.5m profits in its 2022 financial year to a £300,000 loss in its 2023 financial year, as it was hit by rising financing costs, stock shortages, depreciating electric vehicles and rising investment requirements.
Multiple used car dealers in Luton have been fined thousands of pounds by Trading Standards after trying to sell vehicles with outstanding recalls.
Independent family-owned Matt Johnson Prestige has doubled the size of its team following the closure of a nearby retailer.
Jill Scott, the former Lioness midfielder, has joined LSH Auto as its official brand ambassador.
Lookers has celebrated 21 employees across the business as part of its annual awards at a special ceremony in Malaga, Spain.
Trenton has completed its £1.1 million refurbishment of its Hull Nissan dealership and is planning a special launch event to mark the milestone.
Caffyns, the AM car dealer group based in East Sussex, has blamed a 30% decline in profits on to inflation and higher business rates in its latest financial year.
Netherlands-based motor retailer Van Mossel has announced its takeover of the UK car dealer Jacksons Group, which represents 29 automotive brands in the Channel Islands, the Isle of Man and the Isle of Wight.
Claudia Winkleman helped to launch Waylands’ new £5 million Volvo showroom in Swindon at the official launch event.
JT Hughes has taken on SsangYong with a new dealership in Shrewsbury.
Pendragon has opened its new 11,200 square metre “destination Porsche” centre in Nottingham.
Yeomans has completed Nissan’s latest corporate identity standard refurbishments at its Basingstoke, Worthing and Haywards Heath locations.
The NFDA said it has been in “production discussions” with the Competition and Markets Authority (CMA) on new Block Exemption guidelines.
Trenton Group has added SsangYong to its multi-site location in Grimsby.
Sandicliffe Motor Group is the latest AM100 car dealer to join the franchised network of GWM Ora UK, the IM Group-owned distributor of China's Ora electric cars.
China’s largest car manufacturer Chery Group plans to create a franchised car dealer network of more than 50 showrooms ahead of its UK launch in February 2024.
AM100 car dealer DM Keith has announced a partnership with UK new car market entrant Build Your Dreams (BYD).
Dick Lovett has started construction of a new £16 million flagship Porsche dealership in Newport.
JCT600 has expanded its business in Grimsby with a used Volkswagen and service centre next to its established Audi dealership.
Sweden-based Anders Hedin has said he will seek expansion in the UK since gaining his first businesses here with the Mercedes-Benz brand.
Vertu chief executive Robert Forrester has said that it’s not in the interest of car manufacturers to “put a bomb under the sector” with the move to new agency models.
Vertu Motors’ continued strategy to scale the group has delivered £4bn in revenues for the first time as the business reported better than expected profits.
A syndicate of workers at independent garage GPG Montrose Garage are celebrating a million pound win on the lottery.
Waylands Automotive has posted a 15% increase in profit before tax performance of £3.1 million on revenues that increased by 35.2% to £168.4m in 2022.
Car retail giant Arnold Clark is investing £23 million in electric vehicle (EV) rapid chargers in a bid to create an Arnold Clark Charge network that addresses motorists EV anxiety.
