Car retailers will have to cope with reduced margins and increased competition as changing market conditions spell the end of “super profits”.
Two new vice president positions have been created at iVendi, to support its growth ambition to double revenue within three years.
Cox Automotive predicts that the UK’s new car market will end 2022 on 1.62 million registrations after downgrading its forecasts to acknowledge the “reality” of the sector’s global supply crisis.
Motorvogue has opened the doors to a second multi-brand car dealership in less than a month as it continues to accelerate its investment in the brands of franchise partner Stellantis.
The importance of good customer service is growing following a reliance on online car buying enquiries during the COVID-19 pandemic, according to JudgeService.
Cazoo’s acquisition of used car valuations data provider Cazana left a “gap in the market”, according to its former vice president of insight and analytics Rupert Pontin.
Ford is targeting a two-fold increase in electric vehicle (EV) production as the Volkswagen Group’s Porsche premium performance brand has told potential investors it will ramp-up its profits from zero-emissions models.
Car buyers are deciding to withdraw from the market rather than wait for new vehicles to become available, according to new research by Close Brothers.
Fix Auto Cheltenham has relocated into its new repair centre following £400,000 investment.
Motorway has partnered with BT Sport to co-sponsor its coverage of the Premier League and the UEFA Europa League.
Used car retail prices continued to fall in June, according to Indicata.
Snows Motor Group has announced the launch of its online leasing platform Snows Direct, adding to its existing online purchasing and maintenance platforms.
A new digital platform that helps drivers to manage their cars is expected to attract more than 150,000 users by the end of the year.
Car retail business have been advised to "flex" staff bonuses and salary sacrifice schemes to mitigate against the impact of the cost-of-living crisis as UK inflation continues to soar.
Honda has unveiled the Type R version of its new 11th-generation Civic, which is due to arrive in UK dealerships next year in limited numbers.
Used car remarketing giant BCA is consulting staff at its Derby, Peterborough and Sandwich facilities ahead of a planned restructure following a review of the “scale and capability” of its UK operations.
The battery health of electric vehicles (EV) “must” join age and mileage as a key used car valuation metric, but new legislation might be required, it has been claimed.
Wholesale used car values rose by 8.8% month-on-month at BCA auctions across the UK during June as the remarketing giant recorded its first price growth of 2022.
Eden Motor Group is celebrating fund-raising success after raising more than £30,000 for charities and community groups in the past 12 months.
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Group 1 Automotive has promoted its director of operations Mark Bridgland to the post of managing director – ending 22 months without an MD.
Costas Evlambiou has been appointed general manager at Lookers Volkswagen Battersea.
Auto Trader is helping retailer’s showcase their 'exceptional' customer service with the launch of Auto Trader Highly Rated 2022.
Dealers face a “double whammy” of rapidly rising costs and rapidly slowing buyer demand, driven largely by the accelerating cost of living.
More than a third of in-market car buyers have decided to delay their purchase due to rising living costs.
The first franchised car retail site to open under Volvo Car UK’s Sponsored Retailer Programme has completed a move into a brand new premium car showroom.
Pendragon chief executive Bill Berman has said that an anticipated £33 million underlying first-half pre-tax profit will give the car retail PLC “good momentum” for H2 2022.
When I read earlier this year about the push for the automotive sector to achieve carbon net zero, I imagined some worried faces.
Open banking is expected to become the most popular payment method in car dealerships by 2030.
Batchelors Motor Group managing director Tony Denton has suggested that UK businesses may have to “start treating extreme heat like extreme snowfall” in a bid to better look after customers and staff.
