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.
The Society of Motor Manufacturers and Traders (SMMT) has confirmed that supply shortages caused by manufacturers’ WLTP testing backlogs triggered a 20.5% decline in new car registrations in September.
BRD Retail Group has closed its Burton-on-Trent Suzuki franchise after 12 months of financial losses rendered the business “unsustainable”.
Kia will extend its electric car sales network to all its entire franchised retail network from January.
Buoyant car registrations resulting from the September switch-over to WLTP and RDE fuel economy and emissions tests saw car dealers defy the usual August slump with a £200 average profit, ASE has reported.
Though volumes of all electric vehicles are likely to grow, there are some fundamental differences in selling hybrids and ‘pure’ EVs
Pendragon’s Evans Halshaw car dealership in Wakefield has become the first UK franchised site to house Peugeot and its PSA Group stablemate Vauxhall under the same roof.
John Clark Motor Group has reported a 5.5% increase in turnover during its financial year to December 31, 2017, ahead of the publication of its full financial results.
The scale and timing of national emissions policy and local clean air initiatives will have a significant effect on retailers’ PHEV fortunes
Honda's new hybrid CR-V SUV will emit from 120g/km when it goes on sale in October, the manufacturer has now confirmed.
Endeavour Automotive has officially opened its standalone Lotus franchise in Colchester – growing its representation with Geely-owned brands.
JCB Group has completed the rebranding of the former Hidson Group Kia, Citroen, Mitsubishi and SsangYong dealerships which it acquired in January.
The UK’s 23.1% rise in new car registrations during August left it only 19th out of 27 European countries for volume growth during the month as the effect of WLTP was seen across the region.
Sales of SUVs continue to grow at the expense of traditional family cars, according to the latest data from carwow.
Arnold Clark grew its used car sales volumes by 10.3% to contribute towards a 7.3% rise in turnover but suffered a 15% decline in profit before tax during its financial year to December 31, 2017.
