Volvo has cited the mounting complication and costs of emissions regulation standards for a decision to ditch diesel form all future products as it moves towards an EV future.
A reduction in the number of older used cars being bought from dealerships across the UK has been blamed for a 4.8% decline in sales during Q1 of 2018.
PCP car finance offers continued to dominate the sector in April with a 21% increase in volumes over the same period in 2017, enquiryMAX has revealed.
Startline Motor Finance has seen franchised car dealerships achieve 50% penetration with a new “flexible prime” PCP product launched only last month.
Arnold Clark is set to create 85 new jobs with the creation of a new Motorstore used car supermarket on the outskirts of Wolverhampton.
The number of used car buyers saddled with outstanding finance on their new vehicle rose from one-in-four to one-in-three during 2017, claims HPI.
Kia is preparing to electrify its Sportage with the introduction of a 48V mild-hybrid version of the SUV set to be launched later this year.
Lookers highlighted the “resilience and diversity” of its business model as it outperformed the market with a 4% downturn in new car revenues but growth from used cars and aftersales.
Volvo Car UK has teamed up with Esplanade to return the brand to the Isle of Wight after a ten-year absence from the island.
Managing directors and chief executives from the automotive retail sector will “challenge and test best practice” surrounding diversity and inclusivity when they meet at a one-day collaborative seminar hosted by Auto Trader and Ennis & Co.
Dealer part exchanges saw a “healthy rise in prices” on the back of strong consumer demand and restricted supplies of older used cars caused by industry scrappage deals, according to Aston Barclay.
Honda dealerships will be able to offer a larger version of the Civic to customers when the brand brings a saloon version to UK showrooms in August.
Car dealers have almost doubled the number of valuations carried out via smartphone during the past year, according to new market data from Cap HPI.
MP swaps The Houses of Parliament for car auction house Member of Parliament The Rt Hon Sir Oliver Heald QC MP swapped The Houses of Parliament for the auction house with a visit to Letchworth Motor Auctions. Heald visited the auction group’s Hertfordshire facility as part of a fact-finding opportunity organised by the National Association of Motor Auctions (NAMA) member. The MP for North East Hertfordshire, was keen to take up the offer of a site visit as part of a bid to gain a better understanding of how motor auctions are operated and see the employment and business opportunities available in the sector. NAMA said in a statement “It was also an opportunity for him to see the significance of the site to the local economy”. Louise Wallis, head of NAMA, was on hand to highlight to Sir Oliver Heald a number of industry issues, including Brexit, the changing legislation and consumer approaches to diesel-fuelled vehicles, mileage fraud and debit card charges which are costing the industry almost £1.8 million a year. Wallis said: “The visit provided an opportunity for Sir Oliver Heald to find out more about the Letchworth Motor Auctions, and the importance of motor actions to the UK economy.”
As of this summer, Honda’s Civic hatchback will be the only vehicle produced on UK shores by the Japanese car manufacturer.
