Used car retailer Cazoo reported a 690% year-on-year growth of gross profit per unit and overall gross profits up 367% to £14 million in Q1 as its CEO asserted that its sweeping restructure was starting to “bear fruit”.
Skoda has pledged to grow its zero-emissions line-up updated Enyaq iV models and all new products to take its electric vehicle (EV) offering to six by the end of 2026.
Inchcape chief executive Duncan Tait said that the automotive distribution and car retail PLC had made an “excellent start to 2023”, despite the adverse effects of certain OEMs’ shift to a direct-to-consumer agency model.
Rygor Commercials and Brayleys Cars have mad debut appearances in Great Place to Work’s UK Best Workplaces 2023 rankings of the country’s best employers.
Used car prices declined by 1% during April as Easter holidays delivered a seasonal drop in demand, Cap HPI has reported.
An acceleration of new vehicle, parts and service revenues has propelled Group 1 Automotive to a record set of Q1 financial results.
Arnold Clark is set to further expand its retail network with opening of two Kia dealerships after taking over the Korean carmaker’s West Coast franchise from Springside Motors.
Autorola UK is set to become the European used car remarketing business’s largest operation after strong growth prompted plans to double its workforce.
Light commercial vehicle (LCV) values reached their highest point since July last year as the sector’s performance defied expectations during Q1, BCA has said.
An April 30 deadline for motor finance providers to issue product reviews to their retail partners will put car dealers on a “compressed timeline” to deliver compliance with the Financial Conduct Authority’s new Consumer Duty regulations.
Piccadilly Motors will officially exit the Fiat and Abarth new car sales franchises when is closes the doors to its Ripon dealership this week.
Lloyd Motor Group has gained planning approval for a new Kia and Volvo multi-brand car dealership on the outskirts of Kendal.
The UK Government’s pledge to end the sale of new purely petrol and diesel powered cars by 2030 could be in question unless it incentivises potential electric vehicle (EV) buyers to make the switch.
A car dealership worker from Roadside Motors’ Edwin May business in Coleraine has appeared in court to face theft and fraud charges amounting to more than £450,000.
TrustFord is preparing to open the doors at a new car dealership in Carlisle to fill a gap in the Ford retail network left by Arnold Clark’s exit from the franchise.
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Stoneacre Motor Group’s efforts to deliver eco-friendly car sales have seen it branch out with a new tree-planting partnership which has taken root in its Lexus Newcastle and Lexus Teeside dealerships.
Swansway Group director Peter Smyth has asserted that the car retail business is on a “strong financial footing” after 2022 financial results revealed declining profits.
Awards for some of the strongest businesses in UK motor retail were a highlight of the 2023 NFDA Spring Ball last weekend, organised by the National Franchised Dealers Association.
Shoreham Vehicle Auctions (SVA) has accelerated its fund-raising for the Chestnut Tree House Hospice past £270,000 with a trio of charity car auctions held at the end of March.
Breeze Van Centre Portsmouth struck gold at Volkswagen Commercial Vehicles’ annual dealer Performance awards.
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Car retailers have been urged to show support to cash-strapped car buyers as more than a quarter take longer to assess affordability amid the cost-of living crisis and the viability of alternative fuel vehicles (AFV).
After Peter Ambrose Peugeot became the UK's first mainstream car dealer to adopt an employee ownership trust (EOT) model, RSM’s head of motor retail Alison Ashley explains why its succession strategy is becoming increasingly popular with automotive business leaders.
The Fiat 500 city car’s consistently strong value as a used vehicle has secured it an historic overall win in Cap HPI’s first ever data-driven Used Car of the Year Awards.
The used car market’s supply of electric vehicles (EV) has fallen 59.1% (100 days) in 2023 thanks to a reduction in prices, according to Indicata UK’s latest Market Watch report.
Oakmere Motor Group has taken to two wheels with the launch of a new Norton Motorcycles dealership.
Jaguar Land Rover (JLR) retailers have been left “flabbergasted” by the Indian-owned carmaker’s new plan to axe its 75-year-old Land Rover brand.
Auto Trader has called for incentives and tax breaks to make electric vehicles (EV) more affordable and put the UK Government’s plan to ban pure petrol and diesel vehicles by 2030 “back on track”.
