Sytner Group has revealed a 39.8% rise in pre-tax profits despite COVID-19 enforced showroom closures during its 2020 financial year.
Mercedes-Benz Retail Group (MBRG) is proceeding with the development of its flagship West London dealership despite its expected sale by the German premium car maker.
The UK’s car manufacturing sector suffered a 27% year-on-year decline in vehicle production during August as the impact of the global semiconductor microchip shortage began to bite.
Cazoo has appointed former eBay and mobile.de executive Abhishek Roy as its European managing director ahead of its planned expansion into France and Germany.
Keyloop has completed the acquisition of automotive finance software specialist FISC to help car manufacturers and retailers better manage customer experience and retention.
Record used car value increases in September have been hailed as a “black swan event” by Cap HPI, with head of valuations Derren Martin describing the seventh consecutive month of rising prices as “extraordinary”.
INEOS has agreed franchised sales and servicing contracts with Cambria Automobiles and JT Hughes as it works to establish a 23-site UK retail network by July next year.
Motorpoint has said that a “heavyweight media campaign”, customer prizes and gift giveaways are set to drive footfall into its new Manchester used car supermarket.
Citroen has opened order books for its Ami quadricycle electric vehicle (EV) and has said that its franchised retailers will “play an important role” in the sales process.
The UK’s weekend fuel frenzy sparked a 61% rise in car buying interest in electric vehicles (EV) on Auto Trader and a 59% spike on carwow.
Holdcroft Group has opened the doors to a new MG Motor UK franchise in Cheshire Oaks after adding the brand into its existing Honda showroom.
Polestar will embark on a £14.6 billion public listing as part of a strategy to fund “significant investment in products and the expansion of operations and markets”, it has revealed.
Engineers from Caterham will attempt to build a new Caterham Seven 170 in less than six hours in a glass pod elevated 450ft above Brighton’s seafront.
Electric vehicle (EV) sales outnumbered those of diesel cars across Europe as registrations declined by a further 18% year-on-year, Jato Dynamics has reported.
Used diesel cars are in rising demand as commuters opt for fuel-efficient cars to replace public transport in light of the COVID-19 pandemic, research from heycar has found.
