Cox Automotive International president Martin Forbes said the business has signalled its intent to “significantly extend our mobility capabilities in Europe” with the acquisition of FleetMaster.
Used car supermarkets sold vehicles almost twice as fast as their independent counterparts as they cut retail prices to drive sales in June.
The car retail sector’s customer service levels have delivered their worst ever score in The Institute of Customer Service’s (UKCSI) latest in-depth market research.
DM Keith has completed the acquisition of the Leeds-based Ford and Kia franchised car retail business Ringways Group.
Stellantis has confirmed that it will make Ellesmere Port a dedicated manufacturing facility for the production of Vauxhall, Opel, Peugeot and Citroen's all-electric vans.
Car dealers sounded a note of caution after Prime Minister Boris Johnson gave individuals the option of ditching their masks in a July 19 easing of COVID-19 restrictions in the UK.
An 11.1% June uptick in used car prices on Auto Trader suggests that dealers have been making efforts to realign their advertising to accommodate recent months’ wholesale price surge.
Consumer car finance growth of 327% by volume and 385% by value in May brought more evidence to back-up the Finance and Leasing Association’s (FLA) prediction of a “strong rebound” for the sector.
Demand for used cars appeared to slow in June, according to data from Dealerweb.
Stellantis is expected to announce details of its future plan for the Ellesmere Port Vauxhall site at a press conference at the Astra-producing plant tomorrow morning.
Car manufacturing is said to be suffering from “long COVID”, with new vehicle supply issues blamed for UK registrations total which remained adrift of pre-pandemic levels in Q2, 2021.
Almost one in 10 used car purchases are now completed entirely on a smartphone, according to BuyaCar.
Auto Trader has revealed that car buyers are considering vehicles being offered for sale 25% further from their homes since the start of the COVID-19 pandemic.
The future of Sunderland’s Nissan car plant has been secured with the unveiling of a £1 billion plan to create a neighbouring battery-producing ‘gigafactory’ and produce the Japanese brand’s next EV.
Marshall Motor Group has continued its 2021 acquisitions with the addition of Nissan Leicester to a growing franchised car dealership portfolio.
Lookers has said that it can now “look to the future with confidence” after emerging from the most challenging period in its history.
BCA has questioned “sensationalist” media coverage of used car price growth, arguing that wholesale values have only seen subtle changes.
Pendragon has followed criticism over its lack of trading statements with a pre-close update forecasting full-year 2021 underlying profit before tax of £45 million to £50m.
Major Pendragon shareholder Anders Hedin has once again questioned bonus payments to CEO Bill Berman in an open letter to the AM100 PLC’s other investors.
A new report from the Society of Motor Manufacturers and Traders (SMMT) has said the UK could suffer 90,000 job losses If Government fails to help the sector ‘Build Back Better’ after the COVID-19 crisis.
