Car supplies could take up to eight years to recover after component shortages and COVID-19 factory closures, according to Pendragon chief executive Bill Berman.
Pendragon will re-launch its CarStore division with a new hybrid sales process designed to remove the “restrictive” process of traditional retail and new online rivals, chief executive Bill Berman has told AM.
Auto Trader has predicted “continued strong price growth” in the used car sector following a 30.5% surge in values during December.
Environmental and sustainability considerations are the top driver for those buying used electric and hybrid cars, according to eBay Motors Group.
Rolls-Royce Motor Cars defied the impact of component supply shortages and the impact of COVID-19 to record the highest car sales total of its 117-year history in 2021.
Electric vehicle (EV) leasing company, DriveElectric, predicts that at least 330,000 new battery electric vehicles (BEVs) will be registered in the UK in 2022.
Cox Automotive has said that “volatility” is set to define the car retail sector in 2022 as stuttering car supplies combine with rising inflation and changes to OEM and consumer relationships.
Lookers chief executive Mark Raban has revealed that car retail PLC expects to publish record annual profits after an “exceptional” 2021 trading performance.
MG, Audi, Kia and Polestar featured among 2021’s new car registrations winners as Tesla’s Model 3 ended 2021 as the UK’s second best-selling car with registrations almost three-times that of the next most popular EV.
New car registrations rose just 1% in 2021 as tougher trading arrangements, accelerating technology shifts and decimated supply stalled the sector’s recovery from COVID-19.
Research by electric vehicle (EV) charging app, Zap-Map, has revealed that EV drivers are ‘highly satisfied’ with their decision to purchase a zero emission car.
The promise of standardised pricing and an end to showroom haggling mean that 55% of car buyers would prefer an agency model in the automotive retail sector, according to What Car? research.
Supercar and luxury vehicle retailer HR Owen has reported a seven-fold rise in pre-tax profits in its 2020/21 annual financial results.
The supply of new electric vehicles (EVs) to UK dealers is under threat due to a lack of financial incentives, when compared to other European Countries.
After what has been described as a “topsy turvey” 2021, with trading challenges leading to record profits for many businesses, AM looks back at its top 10 most-read stories.
Volkswagen Financial Services (VWFS) has predicted that new car supply shortages will trigger a festive car rental boom for franchised retailers operating its Rent-a-Car service.
Franchised car retailers should be working hard to secure new car supplies early with a Q1 2022 marketing and sales events push, according to MotorVise Automotive’s Fraser Brown.
Rising cases of the Omicron variant of COVID-19 are exposing anti-vaxxers as the car retail sector’s biggest business disruptor, it has been claimed.
After what he described as a "topsy turvey" year for automotive, EY UK & Ireland automotive leader, David Borland, suggests electric vehicles (EV) will hold the key to recovery in 2022.
BCA said that the wholesale used car market showed signs of moving towards a “more stable” footing after average sold values declined by 19% in two months.
