Hedin Automotive, a subsidiary of Sweden-based Hedin Mobility Group, has recorded a loss-making performance due to economic challenges, a shift to the agency business model and unplanned bad debts.
BYD is set to expand its UK range with the launch of the new Atto 2, a compact SUV aimed at competing with the Jeep Avenger, Hyundai Kona, and Vauxhall Frontera.
Automotive technology business Keyloop has appointed Megan Harvey as its new chief revenue officer charged with overseeing all revenue-related teams and processes as the company launches its automotive retail platform Fusion.
Renault has launched a suite of offers with reduced rate financing across its entire range with several two-year 0% PCP finance deals.
The British Vehicle Rental and Leasing Association (BVRLA) enters 2025 with a major leadership transition with Toby Poston as its new chief executive and Lakshmi Moorthy as chairperson of the committee of management.
Car finance fintech Carmoola has appointmed Dan Kellett as its new director of lending and data analytics.
Swedish electric vehicle (EV) maker Polestar is to align its reporting methodology with industry standards by recording retail sales based on cars delivered to final customers rather than when they are invoiced.
Thurlow Nunn is to celebrate its landmark 150th anniversary with a series of events throughout the year.
In spite of the Scottish car market demonstrating resilience, meeting future ZEV targets will depend on significant governmental action to address infrastructure, affordability, and consumer confidence in electric vehicles.
Fiat is enhancing its E-Grant initiative, offering significant savings to customers of its all-electric Fiat 600e and Abarth 500e models.
Digital marketing specialist Marketing Delivery has appointed Charlotte Murray as its first-ever managing director.
Stellantis has emerged as one of the few vehicle manufacturers in the UK to meet the Zero Emission Vehicle (ZEV) mandate for both cars and vans in 2024 entirely through sales.
Clean tech specialist Altilium has secured a strategic £4 million investment from Japan’s Marubeni Corporation as part of its Series B funding round.
Used car prices are predicted to rise due to a significant shortfall in vehicle stock as market dynamics shaped by the pandemic conitnue to reverberate, according to Autorola.
A new chief executive has been announced for AM100 dealer group AWR Holdings UK, whose 30 dealerships trade under the Brayleys brand.
Peter Vardy Group has reported a significant financial loss of £10.93 million in it latest set of financial results, marking a sharp contrast to the previous year's pre-tax profit of £4.8m.
The arrival of the XPeng electric car brand in the UK this year will mark the start of a measured and sustainable growth strategy for distributor International Motors and the franchisees it recruits into the Xpeng UK dealer network.
Škoda Auto is accelerating its electrification strategy with the unveiling of the latest iteration of its best-selling Enyaq family.
Ultra-rapid chargers have driven a surge in the UK’s electric vehicle charging network, with installations of 150kW+ devices growing by 84% in 2024.
Van buyers are facing a £1,732 average tax increase as Vehicle Excise Duty (VED) first-year rates - dubbed the “showroom tax”- jump in April.
Startline Motor Finance has secured a five-year, £475 million credit facility from investment bank J P Morgan, marking the sixth renewal of their partnership.
Cox Automotive has signed an exclusive five-year contract with Lookers to deliver a fully integrated remarketing programme across the AM100 group’s 135 dealerships across the UK.
Stellantis, Toyota, Ford, Mazda, and Subaru plan to pool carbon emissions with US EV manufacturer Tesla in an effort to meet stringent European carbon reduction targets, according to official EU documentation.
Independent car and van leasing specialist Select Car Leasing’s co-founder and joint CEO James O’Malley is stepping down after two decades at the helm.
Fish Brothers has signed an 18-month exclusive remarketing agreement with auction house BCA which will manage around 1,800 vehicles from the Swindon-based dealership group.
The vehicle repair sector is bracing for a "perfect storm" of challenges in 2025, as rising costs, customer cutbacks, and recruitment struggles collide to create a turbulent trading environment.
Steer Automotive Group has acquired the collision repair specialist Accident Repair Centre Group (ARC Group) which operates across the south west of England, strengthening its regional presence.
The average price of a used car in December 2024 was £16,649, a slight decline of 0.6% month-on-month (MoM) compared to November, according to the latest data from the Auto Trader Retail Price Index (RPI).
Independent garages benefited from £22.26 million in additional revenue between September and November, thanks to online servicing and MOT booking platform BookMyGarage.
The light commercial vehicle (LCV) market posted a 3.0% growth in 2024, with 351,834 new registrations making it the best year for fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT).
