Over a third of motorists plan to abandon their cars in favour of public transport if fuel prices continue to rise above their current average of over £100 for a tank of petrol.
Used Land Rover models delivered the largest margins for dealers in May, according to data from Dealer Auction’s monthly Retail Margin Monitor.
TG Holdcroft has reported a £100 million increase in turnover during 2021 after growing its portfolio with new Alpine, Dacia, MG and Renault car dealerships.
The UK is now the only used car market in Europe where the value of vehicles continues to fall, according to data published by Indicata.
A magnificent seven electric vehicles (EV) topped Auto Trader’s fastest-sellers rankings for June and proved that car buyers are currently clamouring to avoid soaring fuel prices by embracing zero-emissions transport.
The UK car manufacturing sector was described as “deeply troubled” as soaring energy costs and competition from the EU tempered optimism following the first uplift in productivity for 10 months.
Franchised car retail needs to find a new “middle ground” to retain profitability and high levels of customer service when vehicle supply crisis finally ends, the AM News Show has been told.
As Smart Charge Point regulations dictating that domestic electric vehicle (EV) charge points must be 'connected' are rolled out this week consumers have been assured there is "no need to worry".
Lookers has said that it will maintain its relentless focus on operational optimisation and cash management as “significant inflationary pressures” impact car retail sector’s trading performance.
Urgent action to address a 50% rise in energy bills is UK car manufacturers’ “number one ask” as the sector seeks help from Government, the Society of Motor Manufacturers and Traders (SMMT) has said.
Marshall Motor Group’s car manufacturer franchise partners have given their backing to the AM100 retail group’s new Constellation Automotive leadership team.
Hyundai and Kia defied car manufacturing’s supply shortages to grow their European market share by 10% year-on-year during May.
Artificial Intelligence (AI), such as chatbots and automated financial reporting, could save automotive businesses, including dealers, more than £40,000 per year.
Toyota and Stellantis are the latest carmakers to have their manufacturing capacity impacted by component supply shortages as a new report warns that the crisis could continue into 2024.
UK inflation reached a 40-year high of 9.1% as the pricing pressures forcing car buyers to think twice about their next purchase continued to intensify.
Vertu Motors has said that it remains focused on the delivery of operational excellence around cost, conversion and customer experience as car retail’s headwinds deliver uncertain H2 outlook.
Elon Musk’s Tesla electric vehicle (EV) brand has opened a new store in Norwich.
Pendragon has vowed to formulate new remuneration policy after its shareholders voted 65.5% against its plan to hand over multi-million bonuses to its leadership team.
Car subscription provider Mycardirect has an overall vehicle mix of 28%, which is double the share seen in the UK car market overall.
Landmark new car models from Alpine, Alfa Romeo, Ford, Ferrari, Genesis, Jaguar Land Rover (JLR) and McLaren will be among those making public debuts at his weekend’s Goodwood Festival of Speed.
