James Bond’s favourite carmaker Aston Martin Lagonda last week recorded a £13m loss for the last quarter, pointing to tough trading conditions in the UK and Europe along with disappointing sales of its Vantage two-seater sports car.
October has been a volatile month politically and economically with warnings around future investment in the UK and the viability of running certain business types amid major UK business failures in the retail sector.
Substantial franchised car retail network reductions and restructuring is required if operators are to benefit from a significant increase in the profitability of operators, according to a new report published by the ICDP.
The National Franchised Dealers Association (NFDA) Consumer Attitude Survey has revealed evidence of consumers increased interest in car dealership visits despite warnings that buyers intention is failing.
Franchised car retail groups are choosing to exit the UK fleet sector as their leasing divisions attract big offers from banks and car manufacturers amid a squeeze on profits from their core retail operations.
The Mayor of London Sadiq Khan will give low income and disabled Londoners the chance to swap into a lower emitting new vehicle with the extension of the capital’s £2,000 vehicle scrappage allowance scheme.