Long-lasting automotive supply chain impacts look set to be triggered by Russia’s invasion of the Ukraine as Jaguar Land Rover (JLR), Skoda, Stellantis and VW felt the conflict's impact.
BCA has suggested that high used car valuations could prove a “safety net” for car retailers as Russia’s invasion of the Ukraine compound cost of living concerns to impact consumer confidence.
Stellantis chief executive Carlos Tavares has said that the 14-brand OEM giant is targeting ‘industry champion’ status with its new emissions-cutting Dare Forwards 2030 strategy.
Car dealers have told AM that a new-look plate-change period which goes without the traditional March car sales mayhem and eases the year’s trading peaks and troughs is “good news” for the sector.
MG Motor UK has told its franchised car retailers to stop taking orders for new petrol vehicles after “unprecedented demand” saw it fill its 2022 sales quota by the end of February.
‘Crude’ top-line analysis of the UK’s electric vehicle (EV) charging infrastructure is masking the reality of the core issues and pressing priorities, according to Cox Automotive.
Inchcape PLC’s global footprint will mitigate the impact of a £750 million exposure to the Russian automotive sector, analysts have said.
A 0.9% reduction in used car prices this February has been branded a “blip” by Indicata.
Arnold Clark chief executive Eddie Hawthorne has told AM that the Scottish automotive retail giant expects to sever ties with more franchises after its exit from Ford and Toyota this month.
Automotive distribution and car retail PLC Inchcape has reported a 12% rise in turnover and 131% in pre-tax profits in its 2021 annual financial results.
Aston Martin has reported a 79% uplift in revenues and a near-halving of its pre-tax losses ahead of the arrival of the world’s most powerful SUV and a new V12 Vantage coupe to its model line-up.
Driverama has started selling used cars online in Germany, a year after it established a car buying service in the region.
Car buyers are more likely to recommend dealers that offer add-ons than those that do not, according to a new study by JudgeService.
Stellantis has revealed that it exceeded profitability targets in 2021 despite a 20% decline in new vehicle production triggered by the shortage of semiconductor microchips.
Ford and Peugeot retailer Busseys will close two of its franchised dealerships as it works to adapt to the “huge changes” impacting the automotive retail sector.
Market analysts have predicted that Porsche could be valued at in excess of £75 billion ahead of a public offering which aims to unlock value from the performance car brand.
Volkswagen has removed all but one versions of its ID3 electric car, in order to shorten lead times amid the semiconductor supply shortage.
The Motor Ombudsman’s Knowledge Base online resource has achieved one million views since launching in January 2019.
Record UK inflation was accompanied by a further 29% year-on-year rise in used car values during January, according to data published by Auto Trader.
Constellation’s car retail rise, OEM’s agency model strategies and vehicle supply shortages were among the hot automotive retail topics up for discussion in the new AM News Show Podcast.
