Articles by Tim Rose - Page 39

A trial rental scheme for e-scooters in London, to help people get about without taking a car, has been extended.

The UK Government has been urged to adapt the successful incentives for zero emission company cars so that more private buyers can be encouraged into EVs too.

Cazoo, the online motor retailer, has reported UK revenues of £347m from Q3 trading, which is a 103% increase versus Q3 2021.

Inchcape has recorded strong revenue growth in Q3 2022 and it expects to meet or exceed its profit guidance for the full year, it said in a stock market update for the three months to September 30.

A 6% decline in UK car production in September was due to "severe" issues in the supply chain, said the Society of Motor Manufacturers and Traders (SMMT).

The death of long-serving Toyota GB executive Rachel Rollason from motor neurone disease (MND) earlier this year has prompted her colleague and friend Greg Culshaw to commit to a fund-raising 24-hour cycling challenge.

AM100 group Pendragon said gross profit for the three months to September 30 was maintained at the “exceptional level” seen last year as it outperformed the overall UK new car market.

The lead time for orders of new electric vehicles has increased since August, according to new research from Electrifying.com.

Values of used vans rose for the first time this year during Q3, figures from Aston Barclay show.

Doing the basics well and driving efficiencies will prepare dealers for the eventual comeback of usual car market volumes, according to Cox Automotive insight and strategy director Philip Nothard.

A 48-page insight into dealer technology is at the heart of the new October 2022 issue of AM magazine for car dealers, now available to read free, here, in digital format.

Suzuki GB car sales boss Dale Wyatt has revealed he is taking leave from his post to care for his wife, who has been diagnosed with terminal cancer.

Pendragon has become motor retail's latest victim to hackers, who have reportedly issued a $60 million (£53m) ransom demand to the major AM100 dealer group.

The London Stock Exchange has extended the deadline for Sweden-based Hedin Group to continue discussions and due diligence with Pendragon before it must decide whether to make a formal takeover bid for the major AM100 dealer group which trades under the Evans Halshaw and Stratstone brands.

Auto Trader has sold off its Webzone subsidiary, which trades as Carzone in the Republic of Ireland, for 30m euros (approx. £26m).