Articles by Tim Rose - Page 31

Lexus dealers will open their order books in October for the smallest car the prestige brand has ever offered UK drivers, the LBX compact SUV.

Investors in online car dealer Cazoo are still having to wait for share price growth despite its announcement this month that its gross profit on every car sold is almost four times higher than it was achieving during the first half of 2022.

Car dealer groups and their EV-buying customers have a month to give input to a House of Lords investigation into electric vehicles (EVs) and the UK Government's strategy to halt the sale of new internal combustion engine (ICE) cars and vans.

The leadership team at Eastern Western Motor Group has praised its workforce for delivering a resilient financial result in 2022 despite economic issues and shortages of vehicle supply.

Car leasing firm Octopus Electric Vehicles has introduced a salary sacrifice program focused on pre-owned electric vehicles (EVs).

Launch events at Peter Vardy's first MG dealerships this Saturday will offer £1,000 savings off any new model when booking a test drive.

The UK's used car market continues to climb back towards its traditional level, according to data from the Society of Motor Manufacturers and Traders which reveals the first half of 2023 recorded 4.1% used car transactions growth year-on-year.

A workshop owner has been condemned for running an "amateurish, shambolic" vehicle repair garage after an employee was crushed while fixing a Ford Transit.

Independent used car dealers who want to help cash-strapped Londoners who'll be impacted by the expansion of the ULEZ area could do well by stocking selected cheap diesel cars with Euro6 standards which are ULEZ compliant, even though they were on sale before 2015.

Chinese electric car brand GWM Ora UK has increased its dealerships in the north of England with a partnership with Holdcroft, while Citygate Group has opened its first GWM Ora dealership at High Wycombe.

AvailableCar, the Midlands-based used car supermarket group, has partnered with Delphi to ensure the continual upskilling of its technicians as they work on more advanced vehicles.

Auto Trader reports that a 40th consecutive month of year-on-year used car price growth now leaves the average second hand car some £4,000 more expensive than in April 2020 when prices began to climb.

With London offering a £2,000 scrappage incentive to encourage city dwellers to scrap their oldest cars that won't be compliant with the expanding ULEZ ultra low emission zone, used car dealerships could be poised to tempt them with cheap replacement runabouts.

The number of new cars sold in July was up 28.3% versus July 2022, marking the 12th consecutive month of registrations growth since the market was hit by COVID disruption and supply issues.

Toyota Lexus, which have offered hybrid petrol-electric powertrains since the 1990s and were among the first to move away from diesel last decade, face a "very difficult" short-term challenge in the UK Government's proposed zero emissions vehicle (ZEV) mandate.