Polestar chief executive Thomas Ingenlath has questioned the “paper value” of rival electric vehicle (EV) manufacturers as the Geely-owned carmaker continues to be linked with a possible public offering.
The COVID-19 pandemic and series of lockdown restrictions on car showrooms have “changed customer behaviour for good”, according to online retailer Carzam.
Sytner Group has opened the doors to its first standalone Graypaul Maserati dealership, officially separating it from fellow Italian brand Ferrari in Birmingham.
Aston Barclay has reported that its used car sales volumes in a COVID-19 hit Q1 were a match for those of the same period in 2020.
The Finance & Leasing Association (FLA) and British Vehicle Rental and Leasing Association (BVRLA) have called for changes to the UK Government’s taxation Super Deduction to provide a “shot in the arm” for car leasing.
As car manufacturers look to accelerate down the road to 2030's ban on purely petrol or diesel-powered cars, Matt de Prez dug-out pictures and details of the most significant electric vehicle (EV) launches of 2021.
More than a third (38%) of drivers have delayed their car buying plans as a result of economic uncertainty caused by COVID-19 and Brexit, a report by Close Brothers Motor Finance has found.
A shift from traditional showroom-based car sales to a wholly-online retail solution would cut dealers cost-per-sale by over 40% - saving the sector £9.5bn a year.
Used car auctions across the UK have reported ‘exceptionally competitive’ trading during March as car dealers prepared for a bumper period of sales following this week’s reopening of showrooms.
Richmond Motor Group has completed the acquisition of Hendy Motor Group’s Suzuki GB franchised car dealership in Havant.
Data from Auto Trader suggests consumer demand for new and used cars is growing rapidly with a third of in-market buyers expected to make a purchase in the next two weeks.
Europe’s largest independent used car retailer is aiming to create a ‘borderless’ online car retail business across 12 countries with the launch of its Driverama platform.
Car dealerships' approach to staffing during the COVID-19 crisis has proved pivotal for the long-term profitability of businesses, according to MotorVise founder and MD Fraser Brown.
Carwow has reported record levels of orders in March, achieving its highest performance ever during COVID-19 'Lockdown 3'.
Demand for used diesel cars drove prices to record hights during the first quarter of 2021, according to Autorola.
Automotive finance provider White Clarke Group has been acquired by US-based IDS to form a single entity claiming to serve a $7 trillion secured finance end market.
The National Franchised Dealers Association (NFDA) and Society of Motor Manufacturers and Traders (SMMT) have teamed-up to publish assets and advice to help car retailers re-open safely after COVID-19 ‘Lockdown 3’.
As the nationwide lockdown is lifted, restrictions are eased, and the auto retail landscape begins its slow climb back to a more normal state, dealers will be challenged with how to turn stock faster and more efficiently.
Waylands has followed-up its recent expansion with Kia with an appointment to represent the Volvo Car UK franchise from a newly-built showroom in Bristol.
Car retail’s impressive response to the COVID-19 pandemic, the impending reopening of car showrooms after ‘Lockdown 3’ and the “Cazoo effect” have triggered rallying share prices for the sector’s PLCs.
