Vertu Motors has revealed that its 2022 pre-tax profits will have risen by more than 200% in 2022 as it forecast a year-end total of “not less than £75 million” in a trading update issued this morning.
Car dealers have told AM that a new-look plate-change period which goes without the traditional March car sales mayhem and eases the year’s trading peaks and troughs is “good news” for the sector.
MG Motor UK has told its franchised car retailers to stop taking orders for new petrol vehicles after “unprecedented demand” saw it fill its 2022 sales quota by the end of February.
The newly-appointed manager of Paul Rigby Group’s Polestar Space Birmingham store has said he is excited by the challenge of exploring a “new form of retail”.
BMW Group UK has appointed its first general manager for future retail as part of a reshuffle of its senior leadership team.
Peter Vardy Group has committed to donating 10% of its March profits to humanitarian projects in Ukraine as the Russian assault continues to impact civilian lives.
Steven Eagell Group chief executive Steven Eagell has spoken of his “enormous pride” after the car retailer won nine categories in the annual Toyota and Lexus dealer of the year awards.
Johnsons Cars’ Solihull Volkswagen showroom site has been sold for £15 million after being identified as a “none-core asset” by its new owner.
Cazoo has completed a Spanish football sponsorship double after following an agreement with Real Sociedad with a follow-up deal for Valencia.
‘Crude’ top-line analysis of the UK’s electric vehicle (EV) charging infrastructure is masking the reality of the core issues and pressing priorities, according to Cox Automotive.
Inchcape PLC’s global footprint will mitigate the impact of a £750 million exposure to the Russian automotive sector, analysts have said.
Mini UK and Ireland is set to welcome Federico Izzo as its new brand director, with the former Mazda man looking forward to an electrified future.
West End Garage in Edinburgh beat the other 130 dealerships in Skoda's UK dealer network to scoop the brand's Retailer of the Year Award for 2021.
UK car production recorded the worst start to the year since 2009, with 68,790 unit output being a 20% drop versus January 2021, according to new figures from the Society of Motor Manufacturers and Traders (SMMT).
A new voluntary industry standard covering dealer deliveries of cars and vans to fleet customers has been launched by the Association of Fleet Professionals (AFP).
MotorVise Automotive has expanded its team after securing 20 new clients in the past three months.
Digital transformation of the aftermarket for both franchised and independent workshops is moving ‘at lightening pace’ says Book My Garage co-founder, Karen Rotberg.
A 0.9% reduction in used car prices this February has been branded a “blip” by Indicata.
Arnold Clark chief executive Eddie Hawthorne has told AM that the Scottish automotive retail giant expects to sever ties with more franchises after its exit from Ford and Toyota this month.
Paul Rigby Group will operate the UK’s third Polestar Space when the electric vehicle (EV) brand’s new facility opens its doors to customers at the Touchwood Solihull shopping centre next week.
Renault Retail Group has closed its Renault London West site and relocated the business into a former Robins & Day Vauxhall showroom at Staples Corner.
The automotive sector needs to drive its “cultural competence” to deliver levels of diversity and inclusion which could help solve its skills crisis.
Automotive distribution and car retail PLC Inchcape has reported a 12% rise in turnover and 131% in pre-tax profits in its 2021 annual financial results.
Multi-brand electric vehicle (EV) company Innovate Automotive (IA) has partnered with the AA to offer roadside assistance to its customers.
Simon Proudler has been promoted to chief financial officer at Available Car after eight years with the independent, family-owned used car retailer.
Aston Martin has reported a 79% uplift in revenues and a near-halving of its pre-tax losses ahead of the arrival of the world’s most powerful SUV and a new V12 Vantage coupe to its model line-up.
Driverama has started selling used cars online in Germany, a year after it established a car buying service in the region.
Car buyers are more likely to recommend dealers that offer add-ons than those that do not, according to a new study by JudgeService.
Stellantis has revealed that it exceeded profitability targets in 2021 despite a 20% decline in new vehicle production triggered by the shortage of semiconductor microchips.
Ford and Peugeot retailer Busseys will close two of its franchised dealerships as it works to adapt to the “huge changes” impacting the automotive retail sector.
