The Finance and Leasing Association (FLA) has predicted a “strong recovery” from the consumer car finance sector after volumes declined by 35% as COVID-19 ‘Lockdown 3’ stalled trading in January.
Online vehicle remarketing company Adesa UK has partnered with QA Vehicle Solutions in order to expand its defleeting operations into Scotland.
Park’s Motor Group has confirmed that it closed the doors to one of its Nissan dealerships after a number of employees tested positive for COVID-19 coronavirus.
Kia has revealed the new EV6 ahead of its planned unveil later this month.
Automotive ecommerce specialist iVendi has helped UK car retailers to facilitate £1.3 billion in vehicle sales in the past 12 months – up £200m despite the impact of COVID-19.
Auto Trader has painted a positive picture of the car retail sector during March’s COVID-19 ‘Lockdown 3’, with consumer confidence reaching new heights and dealers trading at 90% of normal volumes.
Automotive retail ecommerce specialist drivvn has appointed Sian Cutter as its new head of finance to support software as a service (SaaS) delivery to the sector.
Vertu Motors has “cemented” its position as the biggest Honda retailer in Europe with the acquisition of Hepworth Honda in Huddersfield.
Lexus UK has retained its title as the top-rated new car retail franchise in the National Franchised Dealers Association (NFDA) Dealer Attitude Survey Winter 2020/21.
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Vertu Motors has acquired the naming rights to the Eagles Community Arena in Newcastle in a five-year deal.
Demand for used cars is starting to accelerate as buyers look to make post-lockdown purchases, according to Starline Motor Finance.
Renault has sold its 1.5% share in Mercedes-Benz carmaker Daimler for 1.143 billion euros (£0.98bn) as its looks to reduce debt and leverage profits.
Polestar has donated 4.4 tonnes of food to charity Fareshare UK, which will be distributed in the Manchester area following the opening of its second Space in the city.
UK accounting watchdog the Financial Reporting Council (FRC) has opened an investigation into Deloitte audit of Lookers PLC’s financial statements for 2017 and 2018.
Renault’s UK franchised car dealers are set to adopt a new logo for the French carmaker in 2022 after it followed fellow OEMs into a 2D re-brand.
Assurant has extended its used car warranty partnership with the RAC to provide protection cover for RAC Dealer Network customers until 2029.
Demand for subprime lending has more than doubled in the last year, according to motor finance broker Caerus Capital.
Alphera Financial Services has launched a new online finance and insurance (F&I) training programme, ‘Funding Essential Skills'.
CarGurus’ 2021 Buyer Insight Report has found that the 63% of car buyers are now open to the idea of buying a vehicle online as a result of the impact of the COVID-19 pandemic.
Hyundai is enhancing its range of electrified models with the launch of the new Tucson plug-in hybrid and updated Kona Electric.
Mazda UK managing director Jeremy Thomson has told AM that the brand plans to “capture back” 50% of March sales lost to COVID-19 ‘Lockdown 3’ showroom closures in April, May and June.
Staff headcount at iVendi is set to “almost double” over the next three years, in support of expansion plans in the UK and Europe, says chief executive James Tew.
Car buyers turning to televised sports during COVID-19 ‘Lockdown 3’ look set to continue to be a prime target for retailers, with Cazoo, heycar and Vanarama all securing new football-related marketing opportunities.
The automotive industry is, without question, going through a major period of change. The knock-on effect of the COVID-19 pandemic paired with a shift in consumer buying habits is challenging business leaders to squeeze the most out of their assets.
The UK Government is set to start the process this year of determining its minimum zero emission distance for hybrid cars on sale after 2030, in its delivery plan.
The Independent Motor Dealers Association (IMDA) has entered a new partnership with ecommerce platform provider SilverBullet.
CSM Group has taken on the Citroen franchise for Yeovil, Somerset, opening a new showroom under its Rowcliffes brand after Motorwell Citroen closed.
Castrol has promoted sales manager Marc Perkins to the newly created role of head of sales, UK & Ireland, as part of a new ambition to increase its market share.
Costly corporate identity upgrades and showroom developments should be pulled forward to take advantage of Rishi Sunak’s ‘super-deduction’ tax relief offer, according to RSM.
