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.
Rupert Pontin, commercial director at One Auto API, takes a closer look at how risks right across the sector are ready and waiting to chip away at confidence, efficiency and, ultimately, profits.
The lack of new car supply over recent years will significantly impact the UK’s car supermarkets next year who will struggle to secure used cars in the 3–5-year age bracket.
Lack of clarity over consumer duty rules creating legacy risk
The European Commission is to investigate whether to impose punitive tariffs to protect European Union vehicle producers against cheaper Chinese electric vehicle (EV) imports.
New research by JATO Dynamics, has found that a large proportion of consumers across EU5 (France, Germany, Italy, Spain and the United Kingdom) are confused by car finance packages – unable to understand and differentiate between the details of finance products.
Chris Bond, head of motor retail at accountancy and advisory firm BDO, shares his thoughts on HM Revenue and Customs' interest in motor retail employers being compliant with the national minimum wage.
The head of a franchised dealer group has blasted Halfords' latest 'Dealer or No Dealer' campaign as "nonsense", adding that "going cheap is often a false economy".
An Essex car dealer has been fined after admitting selling an unroadworthy Nissan Pathfinder described by magistrates as a 'death trap'.
Autovista Group, the owner of UK car values brand Glass's, has been acquired by the global automotive data and analytics firm JD Power.
Electric car subscription firm Onto, which has a fleet of 7,000 EVs and a customer base of 20,000 subscribers, has collapsed as it ran out of cash.
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Consumer confidence in electric cars has dropped significantly from two years ago, prompting calls from concerned industry experts to apply pressure on the UK Government.
Hendy Group appoints Natasha Mead as head of people
BMW has confirmed it is to invest hundreds of millions of pounds to prepare its Mini factory at Cowley and Swindon to build next generation Mini models from 2026.
Cycling and motoring chain Halfords is telling motorists they may be paying "over the odds for repairs" and they should use its services with no fear of affecting their car's manufacturer warranty.
Stockton Kia receives solar-powered revamp
As the UK's new car market climbs towards its more natural level, and the flow of used cars onto forecourts increases, motor retailers should be prepared to see more innovation from finance firms and even new entrants, writes Darren Sinclair, chief commercial officer at iVendi.
