The used car market has been enjoying stellar growth over the past two years as demand has outstripped supply; there has been a lack of new vehicle availability and more buyers are willing to pay a premium.
Marshall Motor Group has succeeded in condensing the operations of three Audi premium car dealerships into one flagship location with the opening of its new Audi Centre in South East London.
Wholesale used car prices have declined for a fourth successive month at BCA remarketing centres across the UK as chief operating officer Stuart Pearson asserts “we have seen the market soften”.
Vauxhall has removed its Insignia to align its range to “UK market trends” as it moves towards the full electrification of its new car models.
Audi has suspended the production of its A4, A5 and A8 saloon cars as component supplies continue to hamper the German premium car manufacturer.
Volkswagen Financial Services (VWFS) has partnered with Wagonex to pilot a subscription service for the new Cupra Born performance electric vehicle (EV).
Eastbourne MG has taken car sales to the ‘high street’ with its relocation into the coastal town’s Langley Shopping Centre.
The National Franchised Dealers Associations (NFDA) has indicated that it is keen to learn what influence new Vertical Block Exemption Regulation from the European Commission (EC) will have on the UK’s Competition and Markets Authority (CMA).
Auto Trader has struck-up a new partnership with the Office for National Statistics (ONS) which will see the used car marketplaces data become an official economic barometer for the authority.
The squeeze on household incomes and continued new car supply constraints mean that the UK’s car finance sector is likely to be restricted to ‘single-digit growth’ in 2022, the FLA has said.
Vertu Motors has completed a £2 million share buy back transaction to boost its employee benefit trust” as chief executive Robert Forrester increased his own shareholding in the car retail PLC.
Kia’s 32,199 new car registrations in the first three months of 2022 made it the UK’s best-selling car brand year-to-date – almost 8% ahead of Ford in second place.
Preparations are underway for tonight’s AM Awards 2022 as the top performing car retail sector businesses and employees head to London to celebrate their successes.
A Vertu Motors ‘book club’ which helps to develop the PLC’s leadership and strategic direction is stuck on a challenging chapter as it targets a pinpoint focus on customer retention in 2022.
Cazoo has completed the launch of its online used car retail and vehicle subscription offering to the Spanish market, promising to offer “the best car buying experience to consumers”.
