Car subscription service Onto has raised £49.8m to fund its expansion into Europe next year.
Data from Epyx shows that a lower proportion of electric vehicles (EVs) return to the franchised dealer network than equivalent petrol and diesel models.
Car retailers will have to cope with reduced margins and increased competition as changing market conditions spell the end of “super profits”.
Two new vice president positions have been created at iVendi, to support its growth ambition to double revenue within three years.
Motorway has partnered with BT Sport to co-sponsor its coverage of the Premier League and the UEFA Europa League.
Used car retail prices continued to fall in June, according to Indicata.
A new digital platform that helps drivers to manage their cars is expected to attract more than 150,000 users by the end of the year.
Honda has unveiled the Type R version of its new 11th-generation Civic, which is due to arrive in UK dealerships next year in limited numbers.
Dealers face a “double whammy” of rapidly rising costs and rapidly slowing buyer demand, driven largely by the accelerating cost of living.
More than a third of in-market car buyers have decided to delay their purchase due to rising living costs.
Open banking is expected to become the most popular payment method in car dealerships by 2030.
Used car buying platform CarGurus has appointed Amanda Symonds as its new UK managing director.
Robins & Day has recognised its longest-serving employee, who has clocked up 55 years of service with the Peugeot brand.
Mercedes-Benz dealership group LSH Auto is the official sponsor of Pride House at the Birmingham 2022 Commonwealth Games.
A car tax ‘holiday’ is among the measures needed to support motorists through the cost-of-living crisis, according to Carwow.
