Porsche GB’s growing franchised car retail network contributed to a February sales result which delivered growth amid a market down 35.5% due to the ongoing COVID-19 ‘Lockdown 3’ showroom closures.
Motorline was named as Hyundai Motor UK’s retail group of the year as its dealerships claimed retailer of the year and aftersales dealer of the year awards to mark a memorable hat-trick at the Korean car franchise’s annual awards.
Car dealers should be braced for “a third, successive dismal new plate month” in March after COVID-19 ‘Lockdown 3’ delivered another 35.5% decline to the UK’s new car registrations in February.
Chancellor of the Exchequer Rishi Sunak has pledged to continue to support businesses and jobs in a “fair and honest” 2021 Budget, but corporation tax rises are on the horizon.
Cox Automotive continues growth strategy with Codeweavers acquisition
Wilsons car retail group marketing manager Lauren Michael admitted that the COVID-19 crisis had "pushed its hand" towards ecommerce as the business launched a new sales website.
A What Car? survey of 2,359 in-market car buyers has found that 59% are now poised to purchase on April 12 following Prime Minister Boris Johnson’s announcement on the re-opening of retail after COVID-19 ‘Lockdown 3’.
BCA’s cinch online car retail platform has partnered with car dealers across the UK to launch a used car subscription offering called cinchCare.
AM100 car retail PLC Cambria Automobiles has reported that it has been “trading ahead” of its previous financial year during the first five months of its 2020/21 reporting period.
CDK Global has been rebranded as Keyloop and completed the acquisition of both Rapid RTC and enquiryMAX following its takeover by Francisco Partners (FP).
Volvo Car UK has revealed a new retail strategy that will see 100% of the Swedish brand’s vehicles sold online as its shifts to a wholly electric vehicle (EV) product range by 2030.
The FCA has told Lookers does not intend to apply any sanction against the car retail group following the decision to close its investigation into the ‘possible mis-selling’ of regulated products.
Thurlow Nunn has appointed operations manager William Tew as its new managing director and Ashleigh Lewis as its chief financial officer.
The Chorley Group has joined the Vauxhall and Mitsubishi franchises with the acquisition of Lancashire-based 06 Ormskirk Ltd.
Cap HPI has said that a realignment of used car price values was “always likely” after it reported a fifth consecutive month of declining vehicle prices across the sector.
