Cazoo plans to close sites and axe jobs in the UK as part of a ‘Revised 2023 plan’ following its 2022 exit from used car markets on the European mainland.
Cap HPI has warned that further ‘significant reductions’ in used electric vehicle (EV) prices are expected after Tesla’s Model 3 lost a quarter of its value in less than four months.
The UK Government believes smart charging could save high-mileage electric vehicle (EV) drivers up to £1,000 per year as part of a new Electric Vehicle Smart Charging Action Plan.
Hendy Group is poised to expand its retail partnership with Nissan through the opening of a new dealership in Crawley.
Record trading between Christmas and the start of the new year demonstrated that car retailers were keen to get a “good head start” for strong January trading, according to BCA.
Land Rover has dominated Dealer Auction’s 2023 used car margin rankings, accounting for 40% of the top 10 models offering the strong profit opportunities to retailers.
A third of car dealers predict that used car values will slump by around 10% as the cost-of-living crisis impacts consumer confidence to deliver ‘more difficult’ trading conditions in 2023.
Counselling has been offered to staff at Vertu Motors’ Jaguar Land Rover (JLR) Leeds after a woman and a child were killed in road traffic incident described by police as “absolutely tragic”.
Automotive is entering a period of opportunity with 2023’s “significant change and shortening lead times” paving the way to new horizons, according to Cox Automotive.
Stock starved car retailers are avoiding used electric vehicles (EV) as zero-emission vehicles continue to decline four times faster than their diesel-powered equivalents.
Dealer Auction has appointed Auto Trader’s client development director Damien Smith as national account director.
A Net Zero Review delivered on behalf of the Department for Business, Energy & Industrial Strategy (BEIS) has recommended the swift delivery of an electric vehicle (EV) mandate and VAT cuts to make public charging more affordable.
Tesla has triggered "ill-feeling" among customers and cranked-up pressure on residual values with the decision to slash its elelctric vehicle (EV) prices across the US and Europe.
Peugeot welcomed three new directors as it followed fellow Stellantis car brand Citroen in revealing a restructured leadership team for the UK market.
Mazda has installed a rotary petrol engine under the bonnet of its MX-30 electric vehicle (EV) to add a new plug-in hybrid (PHEV) to its UK model range.
