The Financial Conduct Authority (FCA) has identified £3.7 billion in potential car and home insurance sector reforms being considered as part of a new consultation.
Volkswagen retailers introduced customers to the first batch of the German brand’s ID.3 electric vehicle (EV) to reach UK dealerships at a nationwide handover event over the weekend.
The UK’s automotive sector registered the fastest output growth of all sectors in August as it showed signs of strong recovery from the nation’s full COVID-19 lockdown earlier this year.
Just 35% of franchised car retailers have returned all their employees to into their dealership businesses in time for the crucial September 70-plate sales period, according to the NFDA.
Auto Trader has reported a 19th straight week of used car price rises with a 7.4% mid-September increase in the average advertised value on a vehicle offered on its online marketing platform.
Strong demand for newly-launched 70-plate models in September will make this a profitable quarter for car dealers across the UK, Motorvise’s Fraser Brown has insisted.
Britain’s car parc is older than ever before, despite the boom in electric vehicles (EV) and hybrids, according to data compiled by Retro Motor.
A survey from Auto Trader has found that 70% of drivers would prefer to lease an electric vehicle (EV) for a two to three year period, before buying it outright.
The HMRC has updated its guidance on how to perform usual hours calculations where employees come off furlough partway through a claim period.
The Finance and Leasing Association (FLA) is set to make submissions urging Government to extend its COVID-19 business lending and introduce tax incentives to boost the adoption of alternative fuel vehicles (AFV).
Insurers will have to pay out claims on business interruption insurance policies amounting to hundreds of millions of pounds after a High Court ruling this week.
Sales in the used car retail sector showed signs of “cooling off” according to a market report which revealed declining in activity during August – with retail sales down 3.3% year-on-year.
Polestar chief executive Thomas Ingenlath has conceded that ‘Life Cycle Assessment’ data on the environmental impact of electric vehicles (EV) can make for “uncomfortable reading”.
After seven months in which car retailers and manufacturers have shifted their retail focus and driven forward with new digital solutions in the face of COVID-19, the changes have to keep coming.
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.
