Perrys Motor Group managing director Darren Ardron told the AM News Show Podcast that it felt like the car retail sector was getting “back to reality” in 2022 – but highlighted reasons for optimism.
Swedish car retailer Hedin Group could be lining up a second takeover bid for Pendragon after having an initial £400m offer rejected, it has been reported.
The Bank of England’s decision to raise interest rates to 0.75% have been criticised for placing “more pressure on household finances” - and will hit the car retail sector's overhaeds too.
Porsche delivered a record number of new cars in 2021, with almost 40% of those sold in Europe powered by an electric or plug-in hybrid powertrain.
Almost one in two motor finance applications made during 2022 will happen online, according to new figures compiled by iVendi.
ICDP managing director Steve Young has asserted that the agency retail model is the “most water-tight” way to deliver the omnichannel retail experience that modern car buyers expect.
Car buyers looking to change their car in the coming months are increasingly shopping with a monthly, rather than total, figure in mind.
Volkswagen Group chief executive Herbert Deiss has warned that a shortage of components sourced from Ukraine could prove its biggest supply issue in 2022.
Car makers and automotive industry bodies have been raided by the European Commission and the UK’s Competition and Markets Authority (CMA) on the suspicion of anti-competitive conduct.
The National Association of Motor Auctions (NAMA) has revealed its new strategy for 2022-23, which includes a focus on alternative fuels and electric vehicles (EVs).
Used vans continued to achieve near-record prices at BCA auctions last month, but external economic pressures are starting to alter buyer behavior.
The Finance and Leasing Association (FLA) has warned that inflation could peak at 8% in the first half of 2022 after the global economic outlook weakened following Russia’s invasion of Ukraine.
New car prices have risen by more than a quarter, in some cases, in the last three years.
Chorley Group managing director Adam Turner has said further growth is on the cards after the family-run car retail group added two new Citroen dealerships with the acquisition of BCC Cars.
Australian car subscription provider Loopit’s ‘subscription in a box’ mobility solution has been launched into the UK market as Mycardirect secured additional funding to drive its growth this week.
One of the things that has changed due to COVID and, to some extent, Brexit is that commonly held mantras of good management have started to be questioned.
Online-only buyers expect car dealers to make a higher share of profit, than those buying direct through showrooms according to a new What Car? survey.
Demand for electric vehicles (EVs) is increasing as fuel prices spike, according to Auto Trader.
The number of people looking for electric vehicles (EVs) on Auto Trader’s marketplace has declined from a high of 26%, in late September 2021, to just 16% in February.
Hyundai believes the relationship with its franchised dealer network is improving on the back of strengthening profits, despite a below par showing in the latest National Franchised Dealers Association (NFDA) dealer attitude survey.
