Opel and Vauxhall hopes to avoid plant closures with a new plan which it hopes will return the brands to profitability with a 2% operating margin by 2020 and 6% by 2026.
Auto Trader’s pre-tax profits rose 10% to £105.4 million as turnover rose by 7% to £165 million as the online marketplace returned H1 financial results which were “in-line with market expectations”.
Lookers has reported new car margins and profit per unit for both new retail and fleet cars were higher year-on-year in a trading update on the year to September 30.
Used vehicle database Cazana has received a £1.75 million funding boost to help drive the next phase of its expansion in the UK.
BCA’s has seen used car prices rise to a new record high in October, with values rising 2.7% to £9,364.
The average price of a used car increased 6% year-on-year in October, according to data published by Auto Trader.
Hundreds of car retailers and suppliers are set to flock to Birmingham’s NEC as AM hosts the second annual Automotive Management expo at the venue today.
Lookers has further strengthened its relationship with Land Rover with the opening of a new £7 million retail site in Colchester.
Volvo has proven the safety of its vehicles once again by “acing” Euro NCAP tests to score five stars with its new XC60 SUV.
Over a third of Millenials are willing to buy a car online according to the findings of a new Trustpilot survey as growth in online car buying appears to buck the trend of a declining market.
Jardine Motors Group has opened a Porsche pop-up showroom at Kent’s Bluewater shopping centre as it prepares for the completion of its Porsche Centre South London facility.
Mitsubishi Motors in the UK has teamed up with Rockar to launch a 'next generation omni-channel car buying experience' in the form of Mitsubishi Buy Online.
Hyundai and Ford topped the table of scrappage scheme success stories during September, according to Carwow.
Dieselgate, rising wages and even terrorists have hurt his business, believes MD Paul Tanner. 'Our model needs to change,' he says.
ContractHireAndLeasing.com has appointed car finance expert Paul Harrison into the newly-created role of head of strategic partnerships.
