Peoples is to expand beyond its 42-year history with Ford to include Chinese brands BYD and Omoda/Jaecoo across its dealerships in Scotland and England.
Automotive fintech business Bumper has delivered record revenues of £11.7 million for the financial year ended 31 December, marking a 54% increase year-on-year.
Jaguar will unveil its much-anticipated concept in Miami in December which will mark the start of its strategic transformation into an ultra-luxury brand.
European car manufacturing giant Stellantis has reported a significant downturn in sales for the July to September quarter, citing weakened demand in Europe and production delays as primary factors.
Chancellor Rachel Reeves’ first Budget represents a significant shift in fiscal policy, addressing the UK’s considerable funding gap with £40 billion in new tax rises alongside targeted spending cuts.
US retail giant Group 1 Automotive remains on the acquisition trail following its £346 million deal to acquire Inchcape's dealerships in the UK.
Vertu Motors’ chief executive discusses managing the impact of inflation, expanding EV and used car sales, while boosting shareholder value at the same time
Fast growing GSF Car Parts has reported 20% year-on-year revenue growth, significantly outperforming the wider aftermarket car parts sector.
AM100 car dealer group Vertu Motors plans to operate all its retail outlets under the Vertu banner by April - ditching the Bristol Street Motors and Macklin Motors brands – in a bid to enhance marketing efficiency and drive cost savings
Automotive retail software provider Pinewood has reported significant progress in the first half of FY24, executing a roll-out of its system into Lithia UK dealers and expanding internationally.
Used car marketplace Motorway has reported significant growth in revenue and a reduction in operating losses.
US retail giant Group 1 Automotive will remain focused on improving cost control and efficiency at its UK businesses ahead of adding Inchcape’s 54 dealerships to its portfolio.
Motorpoint’s faith in the future is being rewarded after a difficult 2023, reporting strong retail first-quarter sales growth.
The Carwow Group – which includes the Carwow online marketplace, Auto Express, evo, Driving Electric and Carbuyer – has raised £41 million in new funding to accelerate its growth across the UK, Germany and Spain.
UK independent dealer Glyn Hopkin Group has been sold to an Employee Ownership Trust (EOT).
Startline Motor Finance has completed a £450 million securitisation through the London Stock Exchange.
American electric vehicle manufacturer Fisker has filed for Chapter 11 bankruptcy protection.
The group said it will continue to focus on the used car area in the coming years as the industry moves towards an agency model.
As it prepares to offload its UK retail business to Group 1 for £346 million, Inchcape is reporting healthy group revenues of £2.3 billion.
Pinewood is poised to wrest market share from industry rivals operating in the UK’s £100 million dealership management system (DMS) market
