A trio of directors who previously helped drive Imperial Cars to rapid growth have accelerated the expansion of their Carsa used car retail business with the opening of a new showroom in Bradford.
Arnold Clark chief executive Eddie Hawthorne has reported an “excellent” 2021 financial performance with revenues up 25% as pre-tax profits rose 68%.
The automotive world has been profoundly affected by COVID-19, but even before the pandemic hit the sector was undergoing a transformation in how, where, and what cars consumers wanted to buy.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said the used car retail sector can look forward with “renewed optimism” after an 8.9% decline in sales during Q1.
The Society of Motor Manufacturers and Traders (SMMT) has said that April’s 13.9% rise in new car registrations show that there is “light at the end of the tunnel” after COVID-19.
Snows has revealed it has sold £37m worth of cars online in the last 18 months using its GForces NetDirector Auto-e platform.
A car is purchased every nine minutes with the most popular time to buy a vehicle between 10am and midday, according to data by GForces.
The National Franchised Dealers Association (NFDA) has received confirmation that car buyers in Scotland can now complete their purchase with a scheduled click and collect handover inside a dealership's showroom.
Car retail bosses have voiced concern that a failure to re-open car showrooms in-time for the March number plate change will impact jobs and the economy, claiming “MPs fundamentally do not understand business”.
The Society of Motor Manufacturers and Traders (SMMT) has revealed that used car dealers delivered four consecutive months of sales growth in 2020 – despite months of enforced showroom closures in COVID-19 lockdown.
Vertu Motors has reported that it expects its pre-tax profits for the financial year ending February 28, 2021, to exceed analysts’ current £18 million forecasts.
A slowdown in consumers’ car buying activity and uncertainty when the current COVID-19 ‘Lockdown 3’ restrictions will end was the catalyst for a fall in used car trade prices in January.
The Big Motoring World used car supermarket business has reported that it managed to overcome the challenges of COVID-19 to increase its used car sales volumes in 2020.
Carzam has said that it is “on track” to complete more than 20,000 used car sales in its first full-year as GForces forecasted a doubling of digital sales for franchised retailers.
Pebley Beach Group managing director Dominic Threlfall has told AM that he took the decision to end click and collect car sales in COVID-19 ‘Lockdown 3’ as it was “morally the right thing to do”.
The Scottish Motor Trade Association (SMTA) has confirmed that car dealers are permitted to continue with click and sales amid tighter COVID-19 lockdown regulations announced yesterday.
Car retailers could be among a range of businesses whose click and collect sales capability is banned under tighter COVID-19 lockdown measures being considered by Government, it has been claimed.
Consumer confidence among in-market car buyers is three times higher than during the UK’s first COVID-19 coronavirus lockdown during H1 2020, a What Car? survey has found.
Online car retailer Cazoo has revealed that intends to open 12 more Customer Centres to facilitate click and collect car handovers after opening its 14th location in Newport Pagnell.
Heycar has said that it will continue to offer advertising car dealers free delivery on all until the end of February in-light of COVID-19 ‘Lockdown 3’.
