Car retailers were unable to take advantage of a milder February on their forecourts as profitability statistics published by ASE showed a £19,600 loss during the month – matching 2018’s performance.
Brexit, a global slowdown and confusion over the future of diesel vehicles have combined to create a crisis of consumer confidence which may have driven 2.4 million motorists away from a new car purchase.
With Brexit looming and the uncertainty of what that will mean for the industry, it’s fair to say that Q1 2019 has been like no other for UK automotive dealers.
The UK's top 100 car retailers have cut 22% of debt from their business in order to avoid a “post-Brexit storm”, according to the findings of research carried out by UHY Hacker Young.
Endeavour Automotive has taken over the operation of Hyundai’s Stratford retail store just 13 months after Motorline took control of the operation from Rockar and Hyundai Motor UK.
Lookers Nissan has introduced a new campervan conversion service, helping holiday makers get the most out of the British spring and summer “staycation boom”.
Park’s Motor Group’s McLaren Glasgow dealership has been named as the British supercar brand’s European Retailer of the Year for the third time in four years.
Faster than a journalist can write “the death of”, Tesla has reversed its decision to take all its car sales online.
Vertu Honda, part of Vertu Motors, has partnered with Forces Cars Direct to offer preferential offers on cars for members of the armed forces and emergency services.
Car parts will not attract an import tariff if the UK Leaves the EU under a ‘no deal’ scenario, scrutiny of a 1,477-page hard Brexit plan has revealed.
Marshall chief executive Daksh Gupta said that the group is well-placed to make “another Ridgeway-style acquisition” as he highlighted a strong balance sheet amid 2018 financial results which revealed a 2% decline in turnover.
Lookers recorded a 9% decline in pre-tax profits despite growth in aftersales and used cars as WLTP impacted new car supplies and economic uncertainty impacted consumer confidence in 2018.
Infiniti will withdraw its manufacturing and sales operations from the UK in 2020 as it targets electrification and growth in Western Europe, China and the US.
Pendragon’s profit before tax total slipped to a £44.4m loss in 2018 as revenues declined by 2.4% to £4.63bn in its annual results to December 31, 2018.
Porsche’s first electric car, the Taycan, has already amassed more than 20,000 prospective buyers since it was announced last year.
Tesla has halved the number of stores it plans to close as part of a cost-cutting drive which would help it fulfil a $35,000 (£26,975) price promise for its Model 3 EV saloon car.
Aston Martin Lagonda appointed Thomas Kiesele as president of Aston Martin Europe at "probably the most exciting time in the company’s 106-year history".
LSH Auto UK has said that Greater Manchester and Birmingham will “reap the economic benefits” of its recent investments as it prepares to open two new Mercedes-Benz dealerships.
Rockar has defended the omni-channel approach to car retail following an announcement by Tesla’s Elon Musk that the brand intends to move its sales entirely online.
SsangYong UK has issued its first-ever volume targets to franchisees as it targets a more “transparent and professional” relationship with its retail partners, managing director Nick Laird has told AM.
Motorline Nissan has announced that it will grow its presence in Reading and throughout Berkshire and Oxfordshire with the build of a new, purpose-built showroom in the town.
Swansway Motor Group is set to invest £3.25 million to expand its Motor Match used car operations into Bolton and Stockport.
Polestar refused to ‘pass judgement’ on the retail strategy of electric vehicle (EV) rival Tesla as it reiterated its plans to partner with traditional franchised car retailers to establish its UK sales offering.
TrustFord has celebrated the opening of its new £2.2m FordStore in Cribbs Causeway, Bristol, following a £2.2 million investment in new facilities and interactive technology for its customers.
February’s new car sales finished 1.4% up year-on-year at 81,969 registrations, as private and business purchases increased, SMMT data shows.
