The motor finance sector is expected to record a 6% rise in value despite supply shortages which “continued to weigh on its recovery” during Q4, the Finance and Leasing Association (FLA) has said.
Lookers will grant its top leadership trio £1.5 million in share options for the car retail group’s 2023 performance if the car retail PLC meets a series of three-year performance targets.
New RJK Automotive Group managing director Darren Bradford has vowed to remain a “hands on” leader after being promoted from the role of Drayton Motors MD.
An end to sales of BMW vehicles to police forces across the UK has prompted a consultation over jobs at the brand’s BMW Park Lane dealership.
A Sheriff has ordered MotoNovo Finance to refund over £4,500 to the buyer of a nine-year-old DS 5 hatchback in what has been described as a “landmark” case for RejectMyCar.
Harwoods Group has appointed former Volvo Car UK managing director Jon Wakefield as chief executive as it prepares for a 2023 transformation that will “revolutionise the automotive industry”.
MD Andrew Iveson talks about his decision to go from employee to co-owner at Subaru, isuzu and SsangYong car dealer Livingstone Motor Group and the resilience and innovation he and his team displayed as Mitsubishi quit the UK.
Stellantis’ Citroen UK business has appointed Clare White as its new marketing director in a leadership team led by new managing director Greg Taylor.
Gravells’ dealership in Bridgend has retained Kia UK’s dealer of the year award at an event which also celebrated the Korean carmaker’s landmark 100,000 registrations performance.
Honda UK retailers have been urged not to take "early orders" for its new Civic Type-R hot hatch as limited supplies risk disappointment among potential customers.
Lookers has raised its 2022 full-year profit expectations to over £80 million and revealed plans to add further to recent new car franchise additions Lotus Cars and Ora.
Dealer Auction chief executive Le Etta Pearce was interviewed by AM as 2022 drew to a close and revealed consumer-sourced stock is supplementing the trade-to-trade stock as dealers clamour for the right used cars for their forecourts.
Car dealer group operation Inchcape Retail rebounded from £76.4 million pre-tax loss to deliver profitability in 2021 financial results.
Car retailers are expected to shrug off the key performance indicators (KPIs) of the past as they prepare for a 2023 economy which will see recessionary consumer spending habits layered on top of ongoing vehicle supply issues.
Car retailers are braced for a potential halving of Government support on their energy bills from the end of March.
