Strong demand for Volvo’s XC90 and the Renault Kadjar in January singled the two SUVs out for praise in Dealer Auction’s Retail Margin Monitor analysis as Jaguar Land Rover (JLR) products continued to reign supreme.
A controversial Hyundai advertising campaign which gives customers a ‘ticking-off’ over their mispronunciation of the Korean carmaker’s name has accelerated its brand awareness ahead of key rivals.
Vertu Motors looks poised to expand its car retail footprint in Scotland with the development of a new-build Macklin Motors Toyota dealership in Ayr.
Sytner Group and CarShop owner Penske Automotive has reported a record set of annual financial results in which revenues rose 9% and pre-tax profits swelled by 16%.
Constellation Automotive owner TDR Capital has extended its presence in the car retail sector with the purchase of a 3.1% share in Vertu Motors.
Cazoo has completed a ‘reverse stock split’ process to merge its share capital in bid to boost trading values on the New York Stock Exchange (NYSE).
Endeavour Automotive will unite Volvo and its performance electric vehicle (EV) sister brand Polestar at a new £6 million North London dealership which will also double as its new HQ.
Stellantis-owned Aramis Group has bucked the trend for used car refurbishing centre closure with the opening of a new 15,000 square metre facility in Hull.
Shelbourne Motors has committed to a £3 million capital investment programme to upgrade its car dealerships in Portadown an Newry as it celebrates its 50th anniversary.
Marshall Motor Group has appointed Arriva Group finance director Mark Hemus as its new FD.
Van registrations are predicted to grow by 13.9% in 2023 after starting the new year with their first month of growth since the September numberplate change.
Chorley Group, Charles Hurst and City West have all been named as new franchised retail partners of the IM Group-imported GWM Ora electric vehicle (EV) brand.
MG’s flagship HS SUV was the UK’s best-selling car in the first month of 2023 but Volkswagen registrations exceeded closest rival Ford by 36% to start the year as the biggest selling brand.
LSH Auto and BCA will host events aiming to help aspiring apprentices take their first steps towards a career in automotive as Kia UK revealed plans to re-launch its apprenticeship programme.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said the economic outlook, cost-of-living crisis and anxiety over new technology mean the new car market remains ‘fragile’, despite 14.7% January growth.
