Millennials (24-39 year olds) are expected to lead a car ownership ‘boom’ that will benefit the post-COVID car retail sector, according to the 2020 EY Mobility Consumer Index.
Marshall chief executive Daksh Gupta has told AM that the car retail PLC will be “going for it” in 2021 after upgrading its profit forecast, vowing to repay its deferred VAT payments and forego the CRJS in the new year.
Marshall Motor Holdings has upgraded its profit predictions for 2020 after it “significantly outperformed” the car retail market in October and November.
Lookers has appointed Yorkshire Building Society chief financial officer Robin Churchouse as an independent non-executive director and chair of its Audit and Risk Committee, Remuneration and Nomination Committees.
Online motor retail is dividing into a market of simple and complex transactions in an emerging trend heightened by the COVID-19 pandemic, says iVendi.
The Driver and Vehicle Licensing Agency (DVLA) and the National Franchised Dealers Association (NFDA) believe online services can help increase customer satisfaction for dealers.
iVendi has signed a deal to provide motor finance technology for new and used car platform YesAuto.
Car retailers delivery of a “stunning” used car sales performance recovery from the depths of H1’s COVID-19 lockdown helped to deliver an £53,000 average profit in October, according to ASE.
Major investment from the private sector in high-voltage infrastructure will be crucial in enabling the Government to meet its 2050 net zero ambitions, according to Vattenfall Network Solutions
The Peter Vardy Group has introduced chalets at its Motherwell branch and its Glasgow CarStore to allow customers to discuss their purchase outdoors during the COVID-19 crisis.
DS Automobiles UK has appointed the PSA Group-owned premium brand’s European commercial director, Jules Tilstone, as its new managing director.
Green number plates will be applied to new electric vehicles (EV) sold in the UK from today (December 8) in a bid to drive further uptake of zero emissions transport before 2030.
MG Motor UK has appointed former Richmond Motor Group operations director and Hyundai Motor UK sales director Guy Pigounakis as one of two senior hires designed to help drive its electric vehicle (EV) sales push.
Board members from the Vehicle Remarketing Authority (VRA) will discuss lessons learnt from 2020 and 2021’s biggest opportunities in the final instalment of a series of webinars.
New and used light commercial vehicle (LCV) sales have proved to be more than resilient to the current COVID-19 coronavirus crisis – they are thriving because of it.
Bodyshop management system firm InSyPro has been acquired by Solera, in the latest deal to expand the supplier of automotive risk and asset management data and software.
Dealers and their customers have been urged to lobby all their MPs and fight against the UK Government’s desire for an exclusively electric car market from 2035.
Institute of the Motor Industry (IMI) chief executive Steve Nash and newly-appointed president Jim Saker have said that the “fuel of skills” among car technicians is needed to power Government’s 2030 electric vehicle (EV) ambitions.
New consumer car finance volumes declined 3% in October to leave the sector 20% down year-to-date, according to the latest data from the Finance and Leasing Association (FLA).
Aftersales service plan specialist EMaC has promoted “pivotal team member” Liam Finney to the role of director of commercial partnerships.
The Sytner Group has completed the latest expansion of its CarShop used car supermarket division with the opening of its largest retail site to date – a “multi-million pound” facility in Nottingham.
Vertu Motors has completed its long-awaited acquisition of 12 BMW, Mini and BMW Motorrad franchised motor retail outlets across five locations from Inchcape’s Cooper BMW division.
Declining new car sales in 2020 are set to deliver a £300 million aftersales revenue decline for franchised car retailers over the next 12 months, according to BookMyGarage.
HR Owen’s Rolls-Royce Motor Cars dealership in London has responded to a shift towards remote commissioning of bespoke luxury cars and a virtual showroom experience ahead of a move to its new Mayfair showroom.
Read Motor Group will add an MG Motor UK franchise in Grimsby to its car dealership portfolio early in 2021.
The perfect storm of challenges affecting the automotive industry continues unabated, with the pandemic, Brexit and supply issues all impacting consumer confidence and demand for new vehicles.
The UK Government’s COVID-19 ‘Lockdown 2’ took a £1.3 billion toll on car sales during November as registrations declined 27.4%, according to the Society of Motor Manufacturers and Traders (SMMT).
The Government’s decision to bring forward the ban on the sale of new internal combustion engine (ICE) cars to 2030 resulted in a spike in engagement of electric vehicles (EVs) on AutoTrader’s marketplace.
Automotive charity, Ben, has received pledges worth around £0.5m following its urgent appeal for support to plug a £1m funding gap.
V12 Vehicle Finance has secured a new auction partnership with Central Car Auctions in a bid to provide a "seamless" used vehicle proposition.
