The average price of a used car advertised via Auto Trader increased by 0.8% in May, despite ongoing reports of declining values.
Used car prices have continued to decline during June as a “realignment of values” impacts all vehicle sectors, according to Cap HPI.
Car manufacturers have been accused of setting environmental concerns on one side by delaying their delivery of electric vehicles (EVs) to the market as they prioritise efforts to ‘cash-in on SUVs’.
Pendragon’s recently-appointed chief executive, Mark Herbert, will leave the business at the end of this month according to a statement issued via the London Stock Exchange.
The millions invested by JLR dealers in new showrooms and more efficient models now needs to be recovered through better profitability, says MD Rawdon Glover
Lookers has said that it is “cooperating fully” with the Financial Conduct Authority (FCA) as the regulator announced that it was commencing an investigation into the car retail group’s sales process.
Motorway has launched a new ‘Pro’ version of its stock acquisition platform following the completion of an £11 million funding round to drive further growth for the business.
Marshall Motor Group’s head of corporate sales Zoe Lawson has said that she was proud to line-up alongside “so many other women in senior positions” at Autocar’s Great British Women awards.
Mercedes-Benz’s recall of 60,000 vehicles equipped with software designed to manipulate emissions tests have been followed by a profits warning from parent company Daimler.
Europe’s highest volume of May new car registrations since 2007 helped to maintain a degree of stability in the market last month – with a sales increase 0.2% across the month.
The UK automotive sector suffered its most severe downturn in business conditions for six-and-a-half years between April and May, according to a survey published by NatWest and IHS Markit today.
Hyundai’s petrol-powered Tucson SUV was the UK’s fastest selling used car for a third consecutive month as it was joined at the top of the fast-turn rankings by Vauxhall’s Crossland X during May.
Chorley Group chairman Andrew Turner will is preparing for a fund-raising trek to Everest Base Camp after receieving being awarded an MBE in the Queen’s Birthday Honours for services to the local community.
Tesla has continued in its bid to honour 325,000 global reservations of its Model 3 electric vehicle (EV) with the completing of a successful first day of deliveries to UK customers.
Honda UK says it has no plans for a mass cull, but dealerships may be cut by close to a third as it pursues ‘sustainable profitability’ for those that remain
