Stoneacre Motor Group’s profit before tax soared by 63% to deliver a record set of annual financial results for 2021/22.
Onto has raised a new credit funding line of £100m from global investment group CDPQ and independent asset manager Pollen Street.
New Porsche Cars Great Britain chief executive Krishan Bodhani will be targeting growth when he takes up his new role at the growing sports car brand next week.
Volkswagen Commercial Vehicles (VWCV) has made three new management appointments to develop used, fleet and national sales alongside its 60-site Van Centre retail network.
Alarm raised by the Financial Conduct Authority that some firms are behind in their planning with just six months until Consumer Duty rules comes into effect.
Lithia Motors’ Jardine Motor Group takeover talks have highlighted the undervaluation of UK car retail businesses, analysts have claimed.
Cambria Automobiles chairman and chief executive Mark Lavery has said his business is ready to enter “chapter two” of its development after the appointment McLaren finance director Paul Buddin as CFO.
Pendragon has said that car sales growth in Q4 helped propel it to a “better than expected” 2022 financial performance in a trading update published this morning (January 25).
Stellantis UK managing director Paul Willcox has insisted that there will be no more cuts to the carmaker’s UK retail network, despite revealing a ‘theoretical’ 40-partner plan for the longer term.
Independent garages and service providers set to challenge the SMR norm as China bolsters the UK electric vehicle (EV) market.
Increasing numbers of car buyers are ditching notions of brand loyalty in favour of shorter waiting times as the new car market’s stock shortage issues continue – with almost four fifths open to switching makes.
National Franchised Dealers Association (NFDA) Sue Robinson has urged against "tokenism" after joining the Automotive 30% Club in a bid to promote a better gender balance in car retail.
Lithia Motors has revealed that it views Jardine Motors as “a platform for future growth in the UK” after it emerged that the US-based car retailer was in advanced talks to acquire the AM100 car retail group.
The Independent Garage Association (IGA) has called for the Department for Transport (DfT) to double the length of its consultation into the future of MOT testing.
Arnold Clark customers have had their addresses, passports and national insurance numbers leaked on the dark web following a cyber-attack on the car retail giant over the festive period.
Volkswagen Group UK is part of a vehicle-to-everything (V2X) bidirectional charging trial aiming to boost the affordability of electric vehicles (EV).
Kia UK has won a Platinum Trusted Service Award from Feefo in recognition of online reviews recognising the Korean car brand’s customer service excellence.
The average price of a used car advertised for sale on Auto Traders has reached a new record high after car retailers started the new year with “real momentum”, it has been claimed.
Bank of England governor Andrew Bailey has said the UK is likely to experience “weak activity over quite a prolonged period” despite optimism prompted by falling inflation and lower energy prices.
BCA has entered into consultation with staff over business restructure plans that involve the closure of its vehicle preparation centre closure at Upper Heyford.
Kia UK amplified the voice of its customers and ramped-up online engagement as part of a focus on brand reputation that delivered a 14-fold increase in engagement for its retailers.
Westerly Exeter and Cotswold Cheltenham have been crowned BMW and Mini Retailer of the Year at an annual awards event hosted by comedian Alan Carr and radio presenter Edith Bowman.
Kia customers will be able to collect credit for free EV charging by stopping at UK retailers through a new partnership with &Charge rewards programme.
The Volkswagen ID Buzz has been crowned What Car? Car of the Year 2023.
BYD will begin UK sales of its electric Atto 3 model in the coming weeks, following the appointment of five dealer partners.
Genesis has announced it will open a new studio in Edinburgh, Scotland, highlighting the company’s continued expansion since its arrival in 2021.
Battery start-up Britishvolt has entered administration after it failed to secure sufficient funding.
Stellantis has ditched the Robins & Day brand for its UK car dealerships in the AM100 retail group’s 110th year of trading.
Life-saving car dealership staff from Burrows Motor Group and Baylis have come face-to-face with customers they helped revive after suffering cardiac arrests in their showrooms.
Cazoo plans to close sites and axe jobs in the UK as part of a ‘Revised 2023 plan’ following its 2022 exit from used car markets on the European mainland.
