Used car values rose by an average of 2% on eBay Motors Group’s online marketplace as the market’s balance of consumer demand and limited supply continued to defy the UK’s economic gloom.
BCA has reported "encouraging signs" from a used van market which experienced a 1.8% (£177) decline in average wholesale values during September.
Dubai-based franchised car retailer AW Rostamani Group has broadened its UK footprint with the acquisition of nine West Way car retail sites from Nissan Motors GB.
Scottish car retailer Easter Western Motor Group has reported a 102.5% uplift in pre-tax profits and 23% revenue growth in its annual financial results for 2021.
Britishvolt’s £3.8 billion plan to create an electric vehicle (EV) battery production plant in the North East could be on the verge of collapse after a Government funding knock-back, reports suggest.
UK new car registrations predictions for 2023 have been downgraded by between 7% and 15% as Coz Automotive predicts faltering vehicle supplies may not recover until Q3 next year.
The Stellantis-owned used car retail business Aramis Group has acquired Cazoo’s Italian operations as the online retailer continues its withdrawal from Europe to focus on cost savings and the UK market.
The Institute of the Motor Industry (IMI) has added a sustainability and diversity focus to its 2023 awards, which have been officially launched this week.
Williams Group has partnered with artist Jeff Koons to inject some colour into its public debut of the new BMW i7 luxury electric vehicle (EV) at the upcoming Manchester Art Fair.
Vertu Motors has become the UK’s largest BMW Motorrad motorcycle retailer with the £4.4 million acquisition of two Yorkshire dealerships from Saltaire Motor Company, which trades as Allan Jefferies.
Mercedes-Benz customers have been advised to buy their next car online or travel up to 110 miles to another dealership after Marshall Motor Group revealed it will stop selling cars at its South Lakes franchise.
ICDP has questioned whether car manufacturers will retain a desire to switch from a franchise to an agency retail model if consumer demand and inflation “head on opposite directions” in 2023.
Inchape has appointed former BP finance director Byron Grote as a non-executive director.
As the October 31 deadline for implementation plans for FCA Consumer Duty looms, compliance experts share their advice for UK motor retailers.
Group 1 Automotive has rebranded its Barons and Chandlers BMW and Mini dealerships under new Group 1 BMW and Group 1 Mini banners as part of a bid to offer “transparency”.
