Stoneacre Motor Group remains “well-positioned for continued expansion” after 2020/21 annual financial results detailed a near-170% rise in pre-tax profits.
A quarter (25%) of UK car dealers have emerged from the festive break with staff absence of over 15% as the Omicron variant of COVID-19 continued to grow cases, an AM poll has shown.
Rising cases of the Omicron variant of COVID-19 are exposing anti-vaxxers as the car retail sector’s biggest business disruptor, it has been claimed.
Vauxhall Motors has cut £3,000 from the price of its Corsa-e and Mokka-e electric vehicles to maintain their affordability following changes to Government’s plug-in car grant (PiCG).
Government’s latest cuts to the plug-in car grant could derail car retail’s decarbonisation efforts and will impact less affluent electric vehicle (EV) buyers most, the National Franchised dealers Association (NFDA) has said.
Car retailers across the UK have today been alerted to more “overnight changes” to the plug-in car grant (PiCG) – delivering a further “double whammy” of reductions for electric vehicle (EV) buyers.
Calls have been issued for renewed Government support for retail businesses after Prime Minister Boris Johnson re-issued “work at home” advice amid rising cases pf Omicron COVID-19 variant.
Electric vehicles (EVs) will remain the prserve of the rich if Government does not introduce a programme of targeted incentives to help potential buyers, Auto Trader has said.
Nearly a third (29%) of electric vehicle (EV) buyers said they would be happy to pay vehicle excise duty (VED) on their next purchase, research has found.
The National Franchised Dealers Association’s (NFDA) Electric Vehicle Approved (EVA) scheme has reopened.
The Finance and Leasing Association (FLA) has called for Chancellor of the Exchequer Rishi Sunak to announce a Green Finance Wholesale Guarantee and reform corporation tax to make green investments more affordable.
New details have been published of the plan to create a £2.5 billion automotive battery production facility near Coventry.
The UK Government’s newly-published Net Zero Strategy includes proposals for a zero-emission vehicle (ZEV) mandate forcing manufacturers to sell a certain proportion of electric vehicles (EVs).
Ford has committed to investing £230 million to transform its Halewood manufacturing site into its electric vehicle (EV) component manufacturing hub for Europe.
Car retailers across the UK are recruiting staff after surviving the the COVID-19 lockdown of dealerships thanks to assistance from the Government’s Coronavirus Job Retention Scheme (CJRS).
Proposals that an electric vehicle (EV) tax should be introduced to help counter the loss of Government funding from the ban of diesel and petrol vehicles is supported by 38% of motorists.
Inchcape UK has revealed that it claimed no Government COVID-19 support in 2021 after taking the decision to repay £7.4 million in Government furlough and rates relief support for H2 2020.
Lookers chief executive Mark Raban has said that the AM100 PLC’s ability to repay its furlough support grants to the Government has made him “very happy”.
Lookers has vowed to repay £4.1 million in Government furlough support after reporting record H1 financial results and completing the appointment of a new chairman and chief financial officer.
August 16’s change to the UK’s COVID-19 self-isolation rules have helped to ease car retailers staffing headaches as “slack” in the labour market eases concern of significant pay growth.
