Swansway Group has followed a COVID crisis-defying set of record annual financial results in 2021 with a further 147% surge in pre-tax profits during 2021.
Sales of new light commercial vehicles in March were down 27.6% year-on-year as supplies of large and medium panel vans continue to be constrained.
The UK automotive sector has suffered its worst March new car registrations result since 1998, with Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes stating that it “lays bare the challenges ahead”.
Few industry executives expect all UK car sales networks will be operating under agency contracts by the end of the decade, however the switch to agency is predicted for a sizeable portion.
Owners of hybrid cars account for almost half of all searches for electric vehicles (EVs), according to automotive ecommerce business drivvn.
Ahead of this week’s publication of Q1 new car registrations figures by the Society of Motor Manufacturers and Traders (SMMT), AM takes a look at February's trends and how Russia “threw a hammer and sickle into the works” of a 2022 recovery.
Growing concerns about the automotive supply chain, a potential energy crisis and consumer confidence crash are feeding fears about the impact of the Ukraine-Russia war on UK car retail.
The COVID-19 pandemic, the rise of the agency model retail model and new vehicle supply shortages have convinced many car retail bosses that it is the “right time to exit” the business – triggering a three-fold rise in dealership sales.
Jaguar Land Rover (JLR) has committed to reducing greenhouse gas emissions across its operations by 46% by 2030.
New monthly research looking at consumer and dealer sentiment in the used car market will be launched in mid-April by Startline Motor Finance.
Used car dealers can use the Consumer Rights Act and the FCA's proposed Consumer Duty plans to improve consumer perceptions of the industry, according to MotoNovo.
The Society of Motor Manufacturers (SMMT) has called for stakeholders to match the automotive industry's commitment to deliver zero emission mobility.
Used car prices have risen for the 98th consecutive week, according to Auto Trader, with cars selling at the fastest rate in five months.
JBR Capital has launched a new sustainability initiative, in partnership with Carbon Neutral Britain, to reduce the environmental impact of its clients’ cars.
Auto Trader has reported that used cars are selling at record speeds, despite a continuation of year-on-year value increases.
Subscription models could help new car buyers who are hesitant about electric vehicles (EV) make the switch, according to the latest research by What Car?.
The UK’s large car retail groups and PLCs will be joined by international investors and disruptors such as Cazoo and Constellation Automotive in what is likely be a record year for mergers and acquisitions.
Pendragon chief executive Bill Berman has said he is “delighted” with the car retail group’s 2021 financial results, which revealed a record underlying profit before tax of £83 million.
Affordable, easy access electric vehicle charging is required on “virtually every residential street”, according to research conducted for a new whitepaper on the growth of zero-emissions transport.
Car retailers driving towards an omnichannel sales journey could be subject to a double-whammy of “complex” new taxation, it has been suggested.
