AAM Group’s Mycardirect vehicle subscription business has celebrated reaching its profitability targets 18 months ahead of schedule as it celebrated two years in business.
Lookers chief people officer Chris Whittaker has voiced fears the cost-of-living crisis affecting the car retail sector’s workforce is “not going to be a short-lived”.
Heritage Automotive highlighted the role played by “much-improved margins” and reduced administrative expenses as it recorded a five-fold increase in pre-tax profits in 2021.
Eastern Western Motor Group (EWMG) is working “tirelessly” to establish a new Volkswagen Van Centre after being appointed as the commercial vehicle brand’s franchisee in Edinburgh.
Automotive data integration specialist One Auto API has appointed former Cazoo and Cazana vehicle data expert Rupert Pontin as its new commercial director.
Uncertainty surrounding the balance of supply and demand in the automotive sector has created the most difficult period ever to forecast used car value trends, according to Cap HPI.
The used car sector delivered double-digit growth in the value of new business generated in July as supply issued continued to subdue new car registrations.
Mercedes and MG were the only franchises to prevent a Lexus lock-out as the Japanese car brand emerged as car retailers’ favourite manufacturer partners for a seventh successive NFDA Dealer Attitude Survey.
The UK’s automotive retail sector has paid tribute to Queen Elizabeth II after her death yesterday (September 8) brought an end to a 70-year reign.
New Prime Minister Liz Truss has told the House of Commons that the “most in need” UK businesses will receive support to tackle soaring energy bills.
Cazoo has confirmed that it will retreat from mainland Europe to focus on the UK used car market as part of cost-saving measures expected to deliver net savings of over £100m by end of 2023.
Porsche’s IPO plan to boost its electric vehicle (EV) development plans with the help of a multi-million-pound funding boost and additional “entrepreneurial freedom” could yet be scuppered, it has been claimed.
Independent garages will be offered a free energy use audit as part of a new scheme launched by the Independent Garage Association (IGA) to help businesses tackle soaring costs.
Tesla’s Model Y set record safety scores in the latest round of Euro NCAP crash testing as electric vehicle (EV) newcomers Ora and Genesis also achieved five-star ratings.
A Seat dealer already offering customers cut-price showroom stays is bidding to become a rural holiday destination with a planning application for two apartments within its new dealership development.
