The automotive world has been profoundly affected by COVID-19, but even before the pandemic hit the sector was undergoing a transformation in how, where, and what cars consumers wanted to buy.
Ssangyong Motors UK has welcomed a second franchise for the city of Hull with the opening of Livingston Motor Group’s new dealership facility.
MG Motor UK’s growing franchised car retail network continued to grow the brand’s new car registrations despite July’s vehicle supply and COVID-prompted sector headwinds.
Supply issues resulting from global semiconductor shortages and the ongoing impact of the UK’s COVID-19 ‘pingdemic’ have been blamed for the lowest July new car registrations total since 1998.
Autovia has appointed ex-Amazon, Moneysupermarket and Microsoft product expert Dan Cohen as its new chief product officer.
MotoNovo has promoted Karl Werner to managing director after its chief executive Mark Standish left the business as part of a restructure of the business.
Car retailer Parks Motor Group is at the centre of an £8 million Scottish Football sponsorship spat involving Rangers FC and cinch.
Hyundai Motor UK has launched a new Mocean all-inclusive vehicle subscription model offers motorists a fully taxed, insured and maintained car for a single monthly payment.
Drive Motor Retail has appointed Rygor Mercedes-Benz group marketing manager Emily Mead as its new head of marketing.
Marshall Motor Holdings has upgraded June’s forecast of record profits for 2021 in a trading update predicting an underlying pre-tax profit of “not less than £40 million” for the year.
Cazoo has reported an £8 million gross profit in Q2 after its online used car retail volumes surged by 429% a year on from the first COVID-19 lockdown period.
Stellantis has reported an “outstanding” 9.5ppt year-on-year improvement in operating income margin, to 11.4%, in the first half of 2021.
Car retailers have been urged to embrace every opportunity presented by an MOT and wider aftersales "Tsunami" in the remainder of 2021.
Car buyers boosted the consumer motor finance sector’s volumes by 12% in June – a year on from the 2020’s easing of the UK’s first coronavirus lockdown.
Cambria Automobiles chief executive Mark Lavery has agreed an improved management buy-out offer of £82.5 million with the AM100 PLC’s board or directors.
