Stoneacre Motor Group has continued to drive past its former £1 billion turnover growth target with the acquisition of the Hodgson Newcastle Ltd car dealership group.
The AA has become a potential takeover target as it looks to raise funds to re-balance its books in light of a £2.65 billion debt.
Many will still need time to fully consider the content of the Financial Conduct Authority’s (FCA) final ruling from its motor review and the impending ban on discretionary commission models, published earlier this week.
Used car prices showed their largest monthly price rise for two years on Auto Trader during July, with values rising 4.6% amid signs that consumer demand is continuing to grow.
Pendragon has opened the doors of its new Porsche Centre in Stockport as Porsche Retail prepares to move into its new Mayfair showroom in central London.
Hepworth Motor Group has closed its Halifax Mitsubishi Motors in the UK franchised car dealership due to the impact of Brexit and COVID-19 pandemic – with the loss of 10 jobs.
The number of car buyers visiting dealerships that are less than five miles from their home has risen by 65% since the Coronavirus pandemic lockdown started.
Mercedes-Benz Financial Services (MBFS) has become the first car manufacturer finance house to be approved as a fully-accredited Coronavirus Large Business Interruption Loan Scheme (CLBILS) lender.
After recent dire results for Mitsubishi - notably a £1.3bn loss for the last quarter - the firm has decided to focus on faster growing, more profitable markets.
Over 2.6 million vehicles were MOT tested in June as motorists continued to ensure their vehicles were roadworthy, despite the Government’s six-month testing holiday.
Sales of Jaguar Land Rover’s (JLR) long-awaited new version of its rugged Defender 90 4x4 have been delayed until September as a result of the COVID-19 pandemic.
Cambria Automobiles chief executive Mark Lavery has urged his car retail colleagues to lobby Government over an all-out push to Electric Vehicles (EV) which risks catching UK automotive “sleeping at the wheel”.
Environmental concerns are playing a bigger part than ever before in new car buying decisions, with 49% of buyers saying they will consider a hybrid and 33% looking for an electric model.
Emerging premium car brand Polestar has delivered the first European Polestar 2 electric vehicle (EV) to a customer at its headquarters in Gothenburg, Sweden.
A new survey by DesperateSeller.co.uk has revealed that 30.9% of UK consumers, don’t understand what a hybrid car is.
Jordi Vila, a key figure in Nissan’s electrification of the European car market, has been appointed Nissan’s divisional vice president for marketing and sales in Europe.
The Society of Motor Manufacturers and Traders (SMMT) expects 32% fewer cars to be produced in UK factories in 2020 after volumes declined by 48.2% in June.
A ‘false economy’ which has seen the UK’s car retail sector deliver on pent-up demand from the COVID-19 lockdown is masking the true extent of impending redundancies in the sector, Pendragon boss Bill Berman has told AM.
Pendragon has announced a plan to axe 1,800 jobs from its UK car retail network as part of a bid to create a “leaner and more sustainable operating model” in the wake of the COVID-19 crisis.
Inchcape is driving forward plans for a restructure to be completed by Q1 next year after reporting a 36% decline in overall revenues and pre-tax losses of £188 million in the first half of 2020.
