Swansway Motor Group has reported a 42% decline in pre-tax profits in its 2019 annual financial results after completing a restructure in which it “eradicated” its loss-making car dealerships.
The Society of Motor Manufacturers and Traders (SMMT) has teamed-up with automotive industry bodies from across Europe in a plea to avert what they have referred to as a “€110bn no deal Brexit disaster”.
Analysis of the new car market to July shows city cars and MPVs seem destined for extinction
A new study by AA Cars has found that dealers in Liverpool offer the best value used cars, with the strongest combination of affordable prices and low mileage.
Inchcape has continued its recent string of UK dealership disposals with the sale of its Oldham Volkswagen car franchise to Swansway Garages.
Car services have been skipped by around 12.5 million UK motorists left cash-strapped by COVID-19, according to research compiled by BookMyGarage.
Just 5.3% of car buyers would be happy to buy their new vehicle entirely online, according to the results of a poll conducted by What Car?.
When it comes to new car pricing, OEMs are currently shooting themselves in the foot, but to date they haven’t been able to find anywhere better to aim.
Pre-lockdown, a third (32%) of UK drivers were planning to buy an alternative fuelled vehicle (AFV) as their next car purchase, according to research by Close Brothers Motor Finance.
Tesla emerged as the fastest growing car brand among buyers searching online for used cars in August, according to analysis by Honcho.
Motorline Group has moved into its new Skoda car dealership in Gillingham and revealed plans for a new Audi showroom in Canterbury.
The average UK car retailer recovered more than half of the losses suffered during a Q2 trading period devastated by the COVID-19 coronavirus lockdown, according to ASE Global.
Almost half of all car buyers expect new car prices to rise when Britain’s transition out of the EU is complete, but many still intend to buy one according to research from Buyacar.
The last six months have been one of the toughest periods the new car market has had to contend with in recent times, but will the effects of coronavirus turn the traditional franchised car dealer model on its head permanently?
The new and used car finance markets returned to growth in July as showrooms across the UK re-opened their doors following the COVID-19 lockdown period, the Finance and Leasing Association (FLA) has confirmed.
Franchised car retailers across the UK have been left exposed to considerable financial losses after Nationwide Accident Repair Services entered administration, along with a number of its subsidiaries.
Used car retailers increased their stock turn by 11.8% month-on-month as demand for vehicles continued to drive up values at auction houses across the UK, according to Cox Automotive and eBay Motors Group.
Pendragon has agreed the £27.4 million sale of its Jaguar and Land Rover motor vehicle dealership located in Los Angeles, California.
Car retailers flocked to respond to the National Franchised Dealers Association’s (NFDA) bi-annual dealer attitude survey in larger numbers than ever before following the COVID-19 lockdown.
The Society of Motor Manufacturers and Traders (SMMTS) has called for a Government incentives and binding charge point infrastructure commitments to boost electric vehicle take-up on the ‘Road to Zero’.
