Group 1 Automotive president and chief executive Earl J. Hesterberg has predicted the release of “several years” pent-up demand in the UK car retail sector.
Faster and more assertive decision making in relation to non-compliance issues are at the heart of a series of changes proposed by the Financial Conduct Authority (FCA).
Jato Dynamics has said that it is “unclear” whether Europe’s new car registrations volumes will return to pre-COVID pandemic levels after the sector’s recovery slowed in June.
MG Motor UK remains on-track to grow its franchised car retail network to 150 sites by the end of 2021 after Wilsons Group opened the doors to its new dealership in Epsom.
Strong demand from car buyers and good levels of stock in the first half of the year have prompted Pendragon to upgrade its pre-tax profit guidance for 2021 by 20%.
L&L Automotive has acquired Mercedes-Benz Retail Group’s Hemel Hempstead dealership as the German premium car brand acts on plans to sell-off its UK retail operation.
MPs on the UK Government’s transport committee have suggested that a mandate compelling car makers to sell increasing numbers of electric vehicles (EV) could be the key to driving greater adoption.
The UK’s car manufacturing sector saw its productivity choked by COVID-19 triggered staff absences and the global shortage of semiconductor microchips in June.
Inchcape PLC has reported a 30% rise in turnover and a near 15-fold increase in its pre-tax profits as showed strong signs of recovery from the COVID-19 pandemic in the first half of 2021.
Lookers has said that a positive swing in performance that will see 2020’s H1 loss of £50 million converted into a £50m pre-tax profit in the first half of this year.
Vertu Motors has suggested that its 2021 pre-tax profits could be up to 60% more than forecast just a month ago after continuing its “exceptional” performance in the used car market.
Automotive Transformation Group (ATG) has completed the acquisition of sector software provider Salesmaster just two weeks after its global launch.
UK-based electric vehicle (EV) subscription provider Onto has attracted a further £126 million in its latest funding round.
Owners of the Hyundai Kona voted the compact SUV to victory as the Auto Express Driver Power Awards car of the year for 2021.
Vertu Motors will operate Leicester’s Renault and Dacia franchised car dealerships in Leicester after acquiring the businesses from Renault Retail Group.
