Lookers chief executive Mark Raban has told AM that his group is poised to “try something different” following its history of growth through acquisition.
Paragon Bank’s Motor Finance managing director Julian Rance has suggested that used car values will remain robust for "three to four years" as elelctric vehicles (EV) start to dominate registrations.
Soaring energy costs could lead to increases in the price of new cars with elelctric vehicles (EV) facing a price rise 'double whammy', SMMT chief executive Mike Hawes has warned.
UK car production in 2021 fell 6.7% to only 859,575 units, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT), the worst total since 1956.
Bentley’s first-ever electric vehicle (EV) will be developed and built in the UK with the company committing to investing £2.5 billion in sustainability over the next ten years.
A decline in the availability of cars during a year hampered by COVID-19 and supply constraints has been blamed for record automotive customer complaints in 2021.
Peugeot UK has revealed that its online sales accounted for 15% of its retail car registrations in 2021 – doubling its digital traction year-on-year.
Dealers with a higher proportion of ‘satisfied’ customers are selling cars more quickly.
A share price slump has seen the value of online car retailer Cazoo halve since its August listing on the New York Stock Exchange.
Car dealers temporary rise in stock levels at 2021’s year-end is set to be a temporary trend, according to data published by Indicata.
The European Commission is proposing to extend the current Motor Vehicle Block Exemption Regulations (MVBER) until 2028, according to the IAAF.
Stoneacre Motor Group remains “well-positioned for continued expansion” after 2020/21 annual financial results detailed a near-170% rise in pre-tax profits.
The UK’s established used car retail operators will continue to dominate the sector after ramping up their breadth of services to see off new market disruptors such as Cazoo and cinch, iVendi has said.
Auto Trader claims that two thirds of all used car dealers' sales in the UK result from leads generated via its online marketplace.
More than three-quarters (76%) of in-market buyers are planning to visit a car showroom in the next three months, despite the ongoing Coronavirus risks.
Lotus UK has completed the switch to an agency model agreement for its 13 franchised car retail sites ahead of the arrival of the new Emira coupe in showrooms.
The Nissan Leaf has topped Auto Trader’s Fastest Selling Index for 2021, with the average example taking just 17 days to sell from dealer forecourts.
Driverama has said that it has no immediate plans to bring its growing online car retail operation to the UK after kicking off its growth in new European markets.
Newly published motor finance market data from the Finance and Leasing Association (FLA) have revealed that business volumes rose by a third in November.
Car dealers “smashed” historical automotive retail trends to record a net £50,000 profit in November, according to the latest sector KPIs published by ASE.
