Artificial Intelligence (AI), such as chatbots and automated financial reporting, could save automotive businesses, including dealers, more than £40,000 per year.
Toyota and Stellantis are the latest carmakers to have their manufacturing capacity impacted by component supply shortages as a new report warns that the crisis could continue into 2024.
UK inflation reached a 40-year high of 9.1% as the pricing pressures forcing car buyers to think twice about their next purchase continued to intensify.
Vertu Motors has said that it remains focused on the delivery of operational excellence around cost, conversion and customer experience as car retail’s headwinds deliver uncertain H2 outlook.
Elon Musk’s Tesla electric vehicle (EV) brand has opened a new store in Norwich.
Pendragon has vowed to formulate new remuneration policy after its shareholders voted 65.5% against its plan to hand over multi-million bonuses to its leadership team.
Car subscription provider Mycardirect has an overall vehicle mix of 28%, which is double the share seen in the UK car market overall.
Landmark new car models from Alpine, Alfa Romeo, Ford, Ferrari, Genesis, Jaguar Land Rover (JLR) and McLaren will be among those making public debuts at his weekend’s Goodwood Festival of Speed.
The Finance and Leasing Association (FLA) still expects a Q2 rise in car buying activity, despite expectations that spending will slow amid rising inflation, interest rates, and taxes.
Dealers need to make changes to their websites so customers don’t hit the back button too quickly.
National Franchised Dealers Association (NFDA) chief executive Sue Robinson has welcomed Government’s decision to reform the Customer Credit Act – branding it “outdated”.
MG Motor UK has halted its sales of affordable electric vehicles (EV) as it aims to meet an “unprecedented level of demand” amid global semiconductor supply shortages.
Cost-conscious car buyers are opting for older, higher mileage cars as household incomes become increasing stretched, according to research commissioned by leading warranty provider WMS Group
Inchcape’s global car distribution operations have driven its year-to-date financial performance to ‘exceed expectations’, a trading update has revealed.
Volkswagen could claim leading brand status in the electric vehicle (EV) market from Tesla as soon as 2024, according to new research compiled by Bloomberg Intelligence (BI).
Rising fuel prices have made almost half of car buyers more likely to switch to an electric vehicle (EV) for their next purchase.
Government’s axing of its plug-in car grant (PiCG) electric vehicle buying incentive will “heavily disincentivise EV adoption”, according to the National Franchised Dealers Association (NFDA).
The growing momentum for electric vehicles (EVs) could be affected in the short term by social and economic challenges.
The UK’s used car sector would be “a bloodbath” for dealers without the high values and strong margins maintained as a result of 2022’s supply shortages, Cap HPI’s Derren Martin has suggested.
Cazoo has kicked-off its plan to cut its marketing costs as part of its bid to save £200 million per year with the loss of its high-profile Premier League shirt sponsorship deal with Everton FC.
