Inchcape PLC has reported a 30% rise in turnover and a near 15-fold increase in its pre-tax profits as showed strong signs of recovery from the COVID-19 pandemic in the first half of 2021.
Lookers has said that a positive swing in performance that will see 2020’s H1 loss of £50 million converted into a £50m pre-tax profit in the first half of this year.
Vertu Motors has suggested that its 2021 pre-tax profits could be up to 60% more than forecast just a month ago after continuing its “exceptional” performance in the used car market.
UK-based electric vehicle (EV) subscription provider Onto has attracted a further £126 million in its latest funding round.
Vertu Motors will operate Leicester’s Renault and Dacia franchised car dealerships in Leicester after acquiring the businesses from Renault Retail Group.
Used car buyers who paused their purchase to focus their attention on England’s route through the European football championships may have triggered a 26.8% boost to retail sales last week.
The shortage of supply of semiconductors and microprocessors is having a profound impact on the global automotive sector, but how will car makers' strategies evolve to mitigate against the issues.
Motorpoint has revealed that it sold 61% of its used car volume online in Q1 as it accelerated its ecommerce retail offering to deliver a record start to 2021.
Cox Automotive has downgraded its used car sales forecast for 2021 as the lasting impact of COVID-19 and the global semiconductor shortage look set to result in a “market starved of supply" in Q3.
International Motors has completed the acquisition of the Mitsubishi Motors in the UK aftersales franchise operation from the Japanese brand’s long-term importer The Colt Car Company.
Lookers has marked the opening of its new Chester Kia dealership with a weekend-long customer event.
The average value of a used light commercial vehicle (LCV) has risen to almost £10,000 at BCA auctions as demand for vans continues to soar.
Strong levels of consumer demand in the market is continuing to drive used car price growth on Auto Trader, according to its latest data.
Premium SUVs and used sports cars are the most in-demand stock in July across Aston Barclay’s physical and online auction channels.
TrustFord chairman and chief executive Stuart Foulds has expressed “pride” in his workforce’s delivery of a £13.6m pre-tax profit in the first half of 2021.
Volkswagen Group has delivered more than twice as many electric vehicles (EVs) in the first half of 2021 when compared to the previous year.
Used car buyers are paying higher deposits on their motor finance deals to combat rising prices, according to new data from iVendi.
Almost two thirds of UK car buyers will steer clear of showrooms that have fully embraced July 19’s “freedom day” by ditching their COVID-19 safety measures, a What Car? survey has revealed.
Almost half (46%) of car dealers say they worry about the rise in online car purchases, according to research from Close Brothers Motor Finance.
The 2016 Volkswagen Touareg has been revealed as the UK's fastest selling used car, taking an average of 22 days to sell.
