Used car values have dropped by a record 2.2% decline for July as the large executive and luxury executive cars fell out of favour with car buyers, Cap HPI has reported.
Tributes have been paid to “true gent” Michael Marshall following the death of the Marshall Motor Holdings honorary life president at the age of 87.
Rainworth Skoda has celebrated half a century with the Czech brand with the rebranding of the former Bickerton Sheffield dealership it acquired back in 2007.
A 6.4% H1 2019 decline in revenues and 11.8% dip in operating profit during the first half of the year have prompted Renault to cut its sales targets for the full year.
Cap HPI has refuted claims that PCP customers are increasingly at risk from financial difficulties as a result of their car finance agreements lapsing into negative equity.
Jaguar Land Rover (JLR) suffered a £395 million loss in the three months to the end of June as sales fell by 12% to 128,615.
Demand for SUVs appeared to stall across Europe during June as the region suffered a 7.9% overall decline in registrations, Jato Dynamics has reported.
The Volkswagen Group has delivered revenue and profit growth in H1 2019 with strong results for Porsche, its new SUV models and Bentley’s return to profit all boosting its performance.
Nissan’s Sunderland car manufacturing plant appears to have avoided a new round of job cuts as the Japanese car brand announced that it plans to shed 12,500 employees worldwide.
The National Franchised Dealers Association (NFDA) has said that motorists will trigger a four-fold growth in electric vehicle (EV) sales if they follow through on their current buying intentions.
Inchcape has said that it is targeting “revenue and cost optimisation” in the UK car retail market after its disposal of seven Volkswagen and Audi dealerships this week.
While Mercedes-Benz’s aim to complete 25% of new car sales online by 2025 are a welcome development in motor retail the German manufacturer’s targets could be considered “conservative”, says iVendi.
PSA Group’s supervisory board has appointed Opel chief executive Michael Lohscheller as a member of the French carmaker’s Managing Board.
PSA Group has reported record H1 profitability on the same day that Aston Martin suffered a share price slump, Daimler revealed Q2 losses and reports suggest mass job cuts could be on the cards at Nissan.
Volkswagen Financial Services (VWFS) has appointed former Nissan fleet director Iker Lazzari as its new sales director.
