Motorists are being driven into a ‘trade down’ mindset as they explore ways to save cash during the UK’s cost-of living crisis, according to research from V12 Vehicle Finance.
Senior car retail sector business leaders from Vertu Motors, TrustFord, AutoTrader and JudgeService feature in the speaker line-up for the National Franchised Dealers Association’s (NFDA) Driving Digital 2023 conference.
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The number of car buyers who have bought a used car without seeing it first has doubled since the Coronavirus pandemic.
Wholesale prices for used LCVs averaged £9,851 at BCA in February 2023, with sustained buyer demand keeping values firm as the strong start to the year continued.
The Financial Conduct Authority (FCA) has made Therese Chambers and Steve Smart its joint executive directors of enforcement and market oversight.
Used car buyers looking for an electric vehicle (EV) are prepared to wait up to 12 months for further price drops, according to new research.
Volkswagen UK has marked the sale of the 10,000th Tiguan R by hosting a special handover event at Brands Hatch.
LSH Auto UK has added the Chinese BYD electric vehicle (EV) franchise into its flagship Mercedes-Benz premium car dealership in Stockport.
SsangYong Motor Company has indicated that a name change to KG Mobility indicates a “paradigm shift” in the business which will bring a greater focus on electric vehicles (EV), autonomous cars and artificial intelligence (AI).
Inchcape chief executive Duncan Tait has highlighted the success of the automotive PLC’s “portfolio shift towards distribution” as it reported a near-50% growth in profits in its 2022 annual financial results.
Arnold Clark Autoparts has launched a new website that enables its trade customers to source and order parts online.
The Society of Motor Manufacturers and Traders has countered claims that motorists are ready for the first MOT to move from a car's three-year to four-year age point with its own market research.
A software enhancement for the moDel logistics platform has gone live with Toyota and Lexus GB to support their dealers with handovers to buyers using the brands' direct-to-consumer online sales channel.
The number of people planning to buy their next car entirely online has fallen to just 4% in recent weeks, as buying habits shift back towards the traditional showroom model.
The £57.6m underlying pre-tax profit that Pendragon made in 2022 has exceeded expectations, despite being a 30.6% drop on 2021's £83m earnings.
Nissan GB has promoted fleet director Csaba Vincze as its new director of network development and customer quality.
Motorists' responses to a survey conducted by Close Brothers Motor Finance suggests there is “overwhelming public backing” for an extension of the first MOT test from three years to four.
Car retailers have been advised to act now to formulate long-term energy and business strategies after the UK energy crisis left operating expenses and employees stretched to "breaking point".
London-based Toyota dealer Hills of Woodford has become one of the UK's first to adopt the Japanese brand's latest corporate identity.
Snows Motor Group is aiming to introduce a Toyota dealership to Poole through the creation of a new dual franchise dealership including space for the Japanese carmaker’s Lexus premium brand.
Competitive pricing will help drive demand for emerging Chinese electric vehicle (EV) brands when they reach UK auctions as used cars, according to Aston Barclay.
Ron Brooks Group has been able to celebrate a fifth consecutive year of rising profits in its 60th anniversary year.
Vertu Motors has struck a sponsorship deal with Wembley-bound Plymouth Argyle Football Club as part of efforts to grow its profile on the South Coast.
HR Owen has released a video giving a view behind the striking façade of its newly-opened multi-brand supercar dealership in Hatfield.
Franchise Brands is seeking a buyer for ChipsAway, the largest mobile network of car repair specialists in the UK.
Dealers plan to cut back on staff training, headcount and social media spending as the cost-of-living crisis continues to harm businesses.
Lookers is targeting "world class surroundings" from a £1.8 million redevelopment of its Kia Chester showroom to comply with the Korean carmaker’s new corporate identity (CI).
Used car price growth accelerated to 2.3% year-on-year in a market that Auto Trader has asserted is in “robust health”.
Kia UK toppled premium Japanese brand Lexus’ seven-survey stint at the top of the National Franchised Dealers Association’s (NFDA) Dealer Attitude Survey Winter 2022/2023.
