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The 2021 AM Awards will take place on Wednesday 8th September at the International Convention Centre in Birmingham. Get back to networking at an evening dedicated to acknowledging exemplary performance and innovation, where high achievers will deserve their time in the spotlight. But the AM Awards is much more than a glitzy night out among ...

New car sales declined 22% in August as OEMs battled ...

https://www.am-online.com/news/market-insight/2021/09/06/new-car-sales-declined-22-in...

SMMT chief executive Mike Hawes has said that OEMs were doing “all they can” to deliver new cars to customers after the UK suffered its worst August sales performance since 2013. Data published by the Society of Motor Manufacturers and Traders (SMMT) this morning (September 6) showed that sales had declined by 22%, to 68,033, last month as ...

Former Lookers duo Andy Bruce and Nigel McMinn join Fleet ...

https://www.am-online.com/news/people-news/2021/08/09/former-lookers-duo-andy-bruce...

Former Lookers duo Andy Bruce and Nigel McMinn have joined board of the Fleet Alliance as the £1 billion business looks to accelerate its growth in leasing and personal mobility. Bruce is appointed chief executive and McMinn chief operating officer, while managing director and shareholder Martin Brown becomes chair of the business, effective ...

Cambria £82.5m takeover: CEO dismisses US investors’ ‘poor ...

https://www.am-online.com/news/dealer-news/2021/08/18/cambria-takeover-ceo-dismisses...

Cambria Automobiles chief executive Mark Lavery has dismissed angry US-based shareholders’ allegations that his £82.5 million takeover bid for the car retail PLC is akin to “stealing”. Investment fund managers from across the Atlantic claim that the 82.5p per share offer made through Lavery ...

New car supply chain issues will not be resolved until ...

https://www.am-online.com/news/market-insight/2021/06/18/vehicle-supply-chain-issues...

Philip Nothard, the automotive services supplier’s insight and strategy director, has said limited supplies of key components – including semiconductors, aluminium, and rubber – will continue until the end of this year, causing new vehicle deliveries to be impacted in 2022. And as new stock limitations continue, so will the lofty ...

VW Group confirms EV agency model switch by 2023 as ...

https://www.am-online.com/news/manufacturer/2021/05/21/vw-group-confirms-ev-agency...

Mercedes-Benz is consulting its retailers on agency model franchise contracts as Volkswagen Group revealed the switch is likely to be completed for its electric vehicle (EV) model sales by the start of 2023.. While Mercedes refused to confirm a potential shift to an agency model agreement for its franchisees, dismissing suggestions that retailers had begun consultation on the switch as ...

Volvo to target business customers with Care By Volvo ...

https://www.am-online.com/news/car-manufacturer-news/2021/07/23/volvo-to-target...

Volvo has already declared its aim for all new car sales to be transacted online, either remotely or at a showroom, by 2030. By that point, it will only sell electric new cars, and its retail partners will receive agency fees for handling the vehicle and customer handover. Author: Tim Rose. Tim Rose. Editor. tim.rose@bauermedia.co.uk. 01733468266.

Competency of PwC’s JD Classics audits may be questioned ...

https://www.am-online.com/news/latest-news/2021/07/27/competency-of-pwc-s-jd-classics...

The competency of PwC’s audits of classic and racing car dealer JD Classics may be questioned in the High Court after administrators from Alvarez & Marsal alleged the accountancy firm failed to spot fraud.. The Financial Times (FT) reported today (July 27) that Alvarez & Marsal is suing the Big Four firm over allegations that it negligently failed to spot fraud in the retailers’ 2016 and ...

Sustainable automotive: agency model, vehicle subscription ...

https://www.am-online.com/news/market-insight/2021/02/03/sustainable-automotive-agency...

17 people found this useful. A new whitepaper report published by Capgemini has determined that an agency model for franchised car retail, vehicle subscriptions and monetised customer data are now core elements of a sustainable automotive sector. Following-up from the consultancy’s recent Agency Sales Model report, Capgemini’s new ...

CarShop to redevelop Autoworld dealership to create 14th ...

https://www.am-online.com/news/dealer-news/2021/07/05/carshop-plans-14th-used-car...

9 people found this useful. CarShop has revealed its plans to create its 14th used car supermarket site with the redevelopment of an Autoworld dealership in Willenhall, near Wolverhampton. News of the Sytner Group-owned operation’s acquisition of a 4.6-acre site on the town’s Kenway Retail Park comes just weeks after AM reported on its ...

AM Awards 2021: pictures from the night | Events galleries

https://www.am-online.com/galleries/events-galleries/am-awards-2021-pictures-from-the...

The UK’s leading event for motor retailers. TWO days of insightful, engaging content that Automotive Management LIVE is known for whilst enabling our audience to connect with the full range of suppliers to motor retail, learn and share industry best practice, and discuss how to prepare for the future of motor retail.

Cinch attracts £1bn boost from investors eager to back ...

https://www.am-online.com/news/latest-news/2021/05/21/cinch-attracts-1bn-boost-from...

Cinch has attracted £1 billion in new investment to continue its push to online car retail growth alongside the likes of start-up rivals Cazoo and Carzam.. The Abu Dhabi and Singapore sovereign wealth funds had teamed up with billionaire George Soros to back the business, which is owned by WeBuyAnyCar and BCA Marketplace owner, Constellation Group.

The AM Awards 2021 finalists revealed, part 2 | Car Dealer ...

https://www.am-online.com/news/dealer-news/2021/08/04/the-2021-am-awards-finalists-part-2

The finalists in the AM Awards 2021 have been revealed. Part one of the shortlist was revealed yesterday, but today we can reveal the finalists lined up for the remaining categories. In each category, a winner from among these finalists will be announced and presented with their trophy at the AM Awards dinner which is being held on September ...

Ford to close almost half its 400 UK dealerships by 2025 ...

https://www.am-online.com/news/manufacturer/2020/02/26/ford-to-close-almost-half-its...

12 people found this useful. Ford will close almost half of its 400 UK franchised car retail sites as part of a ‘Ford 2025 dealer plan’ revealed to its investor partners at a conference today (February 26). A total of between 160 to 180 dealerships will be closed under the plan, which the brand said had been formed “in a spirit of ...

Car dealerships cannot afford to stall their post-pandemic ...

https://www.am-online.com/opinion/2021/07/16/car-dealerships-cannot-afford-to-stall...

In fact, it’s estimated that there are more than 13,000 dealerships of various sizes in the UK, spending almost £2,000 per month, on average, with Auto Trader alone. While Google estimates that there can be up to 24 different consumer touchpoints in a car buying journey, the most valuable is a phone call from a prospective buyer.

New Lexus NX priced from £38,300 (gallery) | Car Model News

https://www.am-online.com/news/new-car-news/car-model-news/2021/09/02/new-lexus-nx...

Lexus dealers are now accepting orders for the new NX mid-sized SUV, which is priced from £38,300. The new model is offered with a choice of two powertrains. The NX 350h uses a hybrid engine, while the NX 450h+ is a plug-in hybrid. It will arrive in UK dealers in early 2022. Lexus says 95% of the ...

Hyundai Kona N arrives with 280PS priced from £35,395 ...

https://www.am-online.com/news/car-manufacturer-news/2021/07/19/hyundai-kona-n-arrives...

Power comes from a 2.0-litre turbocharged petrol engine, which is paired with an eight-speed automatic gearbox. With 280PS and 392Nm, the Kona N can sprint to 62mph from rest in 5.5 seconds and reach 149mph. The car provides three driving modes to alter its character. N Power Shift (NPS) engages when the car accelerates with more than 90% ...

New car delays could prompt 74% buyers into used, despite ...

https://www.am-online.com/news/market-insight/2021/08/20/two-thirds-of-new-car-buyers...

The online car marketing platform said that the average value of a car had risen 15.2% year-on-year last week – a 66th consecutive week or retail price rises – reaching £16,858. But, despite the record acceleration in pricing, its research revealed that 74% of new car buyers are open to buying a used car alternative to avoid delivery ...

Used car retailers ‘can’t stock fast enough’ as consumer ...

https://www.am-online.com/news/used-cars/2021/05/20/used-car-retailers-can-t-stock...

According to Indicata, demand for used EVs in April continued to be the weakest amongst all powertrains with a stock turn of just 6.1, equivalent to 59.8 days in stock per vehicle. In contrast used petrol cars at 9.9 and used diesels at 9.7 were selling at around 37 days. Indicata sales director, Jon Mitchell, said: “April was a record sales ...

Used car dealer's stab threat in Range Rover theft | Car ...

https://www.am-online.com/news/dealer-news/2021/08/23/used-car-dealer-s-stab-threat-in...

A used car dealer faced threats from the driver during an accompanied test drive before an accomplice dragged him out of the car. The owner of Morris Car Sales in Spondon, Derby, was threatened with being stabbed after the male driver stopped the Range Rover beside an accomplice stood at the side of the road and told the dealer "get out and give me the key", Derby Crown Court was told this month.

Used car market ‘starved of stock’ demands compromise from ...

https://www.am-online.com/news/used-cars/2021/09/07/used-car-market-starved-of-stock...

The UK’s leading event for motor retailers. TWO days of insightful, engaging content that Automotive Management LIVE is known for whilst enabling our audience to connect with the full range of suppliers to motor retail, learn and share industry best practice, and discuss how to prepare for the future of motor retail.

Stellantis expected to reveal future of Ellesmere Port ...

https://www.am-online.com/news/manufacturer/2021/07/05/stellantis-expected-to-reveal...

5 people found this useful. Stellantis is expected to announce details of its future plan for the Ellesmere Port Vauxhall site at a press conference at the Astra-producing plant tomorrow morning. The OEM behind Abarth, Alfa Romeo, Jeep, Citroen, DS, Peugeot and Vauxhall brands is expected to announce that the facility will become a centre of ...

Kwik Fit in property hunt ahead of national expansion ...

https://www.am-online.com/news/aftersales/2021/07/05/kwik-fit-in-property-hunt-ahead...

Kwik Fit has issued an appeal for roadside property across the UK as it bids to expand its fast-fit car maintenance network. The aftersales business already has 600 locations across the UK, but has issued an appeal for new sites through Rapleys as part of a wide reaching expansion plan.

Trailer: Vertu Motors CEO Robert Forrester on ITV’s ...

https://www.am-online.com/news/people-news/2021/07/26/trailer-vertu-motors-ceo-robert...

ITV has shared a trailer revealing a sneak preview of Vertu Motors PLC chief executive Robert Forrester’s starring role in its Undercover Big Boss fly-on-the-wall reality TV series.. Shots showing elements of the disguise which made it possible for the high-profile industry figure to move among Bristol Street Motors staff can be seen in footage from the show.

SPOTiCAR launches to help people buy any Stellantis brands ...

https://www.am-online.com/news/used-cars/2021/06/15/spoticar-launches-to-help-people...

The first multi-brand approved used car programme is launching in the UK with Stellantis, the OEM group created by the merger of PSA and FCA. Named SPOTiCAR, from this week it allows consumers to reserve, from home, approved used cars from the Vauxhall, Peugeot, Citroen and DS Automobiles brands, from a stock listing of more than 12,000 vehicles.

Used car supermarkets cut prices to speed-up sales in June ...

https://www.am-online.com/news/used-cars/2021/07/07/car-dealers-used-car-stock-40-down...

Used car supermarkets sold vehicles almost twice as fast as their independent counterparts as they cut retail prices to drive sales in June. Data published by eBay Motors showed that stock levels declined for a sixth consecutive month to a new low of 39.9 units, down from 42.3 units in May and 40.8% below the pre-pandemic average of 67.5 units in June 2019.

‘Phenomenal’ used car performance drives dealers' 27.5% ...

https://www.am-online.com/news/market-insight/2021/09/09/phenomenal-used-car...

Car retailers enjoyed a 27.5% year-on-year increase in profits during July as appreciating used car values boosted the sector, according to ASE. The insight and consultancy’s monthly retailer profitability KPIs showed that retailers improved profitability by nearly £14,000 to £65,000 during the ...

Stellantis UK dealership closures 'inevitable' as OEM ...

https://www.am-online.com/news/manufacturer/2021/07/15/stellantis-sets-out-2027-agency...

Stellantis has “laid down the law” to its UK car retail franchisees as it revealed plans to restructure its dealer networks ahead of a shift to agency-style retail agreements by 2027. A rationalisation of the Vauxhall, Peugeot, Citroen, DS Automobiles, Alfa Romeo, Fiat and Jeep dealer networks now looks to be inevitable.

HMRC's PCP car finance VAT changes could lead to PCH ...

https://www.am-online.com/news/finance/2019/03/01/hmrc-s-pcp-car-finance-vat-changes...

The UK’s leading event for motor retailers. TWO days of insightful, engaging content that Automotive Management LIVE is known for whilst enabling our audience to connect with the full range of suppliers to motor retail, learn and share industry best practice, and discuss how to prepare for the future of motor retail.

‘Agency model’ is the future of automotive retail, a guest ...

https://www.am-online.com/opinion/2020/09/08/agency-model-is-the-future-of-automotive...

The UK’s leading event for motor retailers. TWO days of insightful, engaging content that Automotive Management LIVE is known for whilst enabling our audience to connect with the full range of suppliers to motor retail, learn and share industry best practice, and discuss how to prepare for the future of motor retail.