The restructuring agreement announced by online car dealer Cazoo this week to “deleverage” its capital structure and further improve its “financial flexibility” won't yet smooth its investors' journey, and stakeholders should "buckle up" according to one expert.
Sales of used diesel cars up to four years old could soon enjoy a renaissance following Rishi Sunak’s delay on banning new ICE car sales until 2035.
Lookers has relaunched its Kia dealership in Chester following a major £1.8 million transformation.
Laura Brailey has been promoted to the position of sales director at Mazda UK in recognition of her 28 years’ experience and familiarity with Mazda UK and its dealer partners.
The FCA has given insurers a three-month ultimatum after recent data revealed that guaranteed asset protection (GAP) products could be failing to provide fair value.
BDO partner Chris Bond has taken over from Steve Le Bas as its new head of motor retail in the UK.
Consumer incentives must be put in place by the UK Government as a matter of urgency in the wake of its decision to delay the ban on the sale of new petrol and diesel cars from 2030 to 2035.
UK U-turn on 2030 must not impact EV upskilling and investment in infrastructure
Ray Chapman Motors Bradford readies for October reboot
Two new Chinese electric cars, one from BYD and another from ORA, have achieved Green NCAP’s top scores
Martin Kerry, group aftersales director, has achieved an incredible 50 years of service at the Northampton-based AM100 car retail group Perrys.
Pendragon has unanimously rejected an unsolicited and preliminary proposal by Hedin Mobility and Penske
Reports that the UK prime minister is set later today to delay the ban on the sale of new petrol and diesel cars by five years will undermine consumer confidence at a time when both car buyers and manufacturers need clarity and support to make sustainable choices, according to the UK motor industry.
At mid-September Cap HPI’s data showed the average value of a used car was down -1.1%, and its values experts are expecting the month-end drop to be another 2% overall, similarly to August’s outcome.
Jordan Brompton, co-founder and chief marketing officer of myenergi, explains why supply chain challenges are holding the UK back in the transition to electrification, as well as the subsequent impact this has on dealer sales struggles.
Chinese car manufacturers' plans for the UK market will be under the spotlight as part of a special strategy session at this year’s AM Live.
By the end of the year, BYD expects to have a UK network of 27 franchised dealerships, rising to a final figure of around 100 by the end of 2024.
The UK has been declared the fifth best-prepared market in the world for the electric vehicle transition in EY’s latest EV Country Readiness Index.
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Dealerships may not be entirely ready for the volume and the complexity posed by the numerous Chinese electric vehicle (EV) brands hitting the UK market.
Trade tariffs imposed by Europe will need to be harsh in order to arrest the future dominance of Chinese electric vehicles (EV) in its home market, according to one industry expert.
Dealer management system firm Pinewood will be focused on growth in the UK and USA once parent group Pendragon has sold its motor retail business to US-based Lithia and Driveway.
With one electric vehicle registered every 60 seconds, EVs now account for more than 16% of overall sales, making Britain Europe’s second largest zero emission car market by volume
US-based Lithia Motors could be set to take over Pendragon's dealership and leasing businesses in a £250 million deal which would leave Pinewood, Pendragon's software division, behind as a standalone entity retaining Pendragon's stock market listing.
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Over three-quarters (80%) of car buyers say they got a good or great deal on their used car despite average listing price 37% above pre-pandemic levels.
Carmakers are facing fines of more than £600m, if new Zero Emission Vehicles (ZEV) mandate rules, for selling non-electric cars and vans, go ahead.
TC Harrison Group is investing in systems and training to help its workforce identify and support vulnerable customers in line with Financial Conduct Authority demands.
Car Care Plan’s acquisition of the assets of insurance broke Verex is being hailed as a “a great strategic fit” its chief executive Ben Russell.
Dealers forced to battle for used car stock are being warned to take extra care as new analysis by vehicle history checking company CarVertical suggests that one in 14 used cars under five years old have incorrect or falsified mileages.
