Pendragon has projected full-year financial results delivering a further 17.2% decline in underlying profit before tax in an interim management statement revealing declines in turnover and profit during Q3.
Cap HPI has warned that large car retail groups that inaccurate vehicle data could be costing their business £117,000 a year in findings from a profitability study carried out in partnership with the Institute of Transport Studies.
The founders of CarWizz have claimed that the new online retail platform will return the control of customer relationships to retailers and reduce ageing new car stock without resorting to a "race to the bottom".
PSA Group overtook the Volkswagen Group as Europe’s best-selling car brand as the effects of WLTP’s implementation resulted in the region’s biggest monthly registrations decline in a decade during September.
The Independent Motor Dealers Association (IMDA) is aiming to grow its membership to 500 before the end of 2018 after celebrating its first 12 months in operation.
Hyundai Motor UK chief executive Tony Whitehorn has warned that the automotive sector must adopt a blended and flexible approach to adapt to the changing retail environment.
Arnold Clark has launched The Arnold Clark Car Show on YouTube, offering advice on new car models, the latest in-car technology and automotive industry news.
Investment in a hub and spoke car retail model will help to ensure that franchised dealers “thrive and have many years of longevity”, according to a new sector report published by Colliers International.
Vantage Motor Group has reported a return to profitability in its annual financial results following the sale of ‘unprofitable businesses’.
A ‘no deal’ Brexit will see car registrations volumes slip back top levels last seen in the 2009 recession, algorithms created by Frost & Sullivan have determined.
Prices and specification details of the new Cupra Ateca SUV have been revealed ahead of the arrival of Seat's new performance car brand in UK showrooms.
Peoples' chairman Brian Gilda has warned of Brexit “Armageddon” for the UK’s automotive sector after the Scottish retail group negotiated “fierce competition and diminishing volumes” to realise a £274.4 million turnover.
New car registration data released by the Society of Motor Manufacturers and Traders (SMMT) for September saw a quantum shift from the August return that saw such an uplift in registrations.
Cuts to the Government’s ULEV plug-in car grants have been attacked as “short-sighted” and “frankly bonkers” by industry experts left questioning the move amid a drive to cut emissions by encouraging EV adoption.
Vertu chief executive Robert Forrester has said that the business is actively looking for new investments after putting in place further measures to further strengthen its “ultra conservative” balance sheet.
Audi suffered a near-70% decline in registrations in its home market of Germany during September as the effects of the roll-out of the Worldwide Harmonised Light Vehicle Test Procedure was felt.
Jaguar Land Rover will follow recent moves to cut 1,000 agency and place workers at Castle Bromwich on a three-day week with a two-week manufacturing freeze at its Solihull plant.
Instant car buying websites are “quoting unrealistically high car valuations online to attract customers” and chipping the price, according to Motorway.co.uk research.
Shelbourne Motors is preparing to add a Renault dealership to its new £5m multi-franchise complex in Newry after reaching an agreement to represent the French car brand.
Seat emerged as the car manufacturer offering new car customers the biggest discounts in the latest Target Price report compiled by What Car?.
Alan Day Volkswagen has expanded its franchise offering with the official opening of a new Skoda showroom in North London.
Car buyers are selling their vehicle, on average, within 20 months of purchase, according to Tootle.
Donnelly Group reveals plans to bring Honda franchise and a Motorstore used car supermarket to Bangor after completing the acquisition of the town’s Shaws Citroen car dealership.
Snows Motor Group has acquired Perrys Group’s single-site multi-brand dealership selling Fiat, Mazda and Peugeot in Portsmouth.
September’s 20.5% decline in new car registrations will have a “brutal impact” on some franchised car dealers’ Q3 and full year profitability, according to Coachworks Consulting.
