The forecast for the UK new car market has been downgraded again as the government continues to ignore calls for stimulus measures specific to the automotive sector.
Car dealers are among businesses across the UK who have been told that they must pay back any overclaimed funds from Government’s coronavirus job retention scheme (CJRS) – deleting any online claims made in error within 72 hours.
Former Renault chief executive Thierry Bolloré has been named as Jaguar Land Rover’s replacement for long-time CEO Professor Ralf Speth.
Accounting errors have been blamed for an understatement of Aston Martin’s 2019 losses by £15.3 million.
Used car values rose by 0.4% during July as automotive retail's lockdown recovery delivered the month’s first price rise since 2009, Cap HPI has reported.
A new iVendi product provided to coronavirus crisis-hit vehicle retailers for free has been used to manage and negotiate more than £63m of vehicle finance deals in the last 10 weeks.
The number of UK drivers willing to pay for a car they haven’t seen first has fallen since last year, with three-quarters saying they would not buy one without viewing it in person.
Mitsubishi Motors in the UK retailers have spoken of their “shock” at Mitsubishi Motor Corporation’s “unexpected” decision to exit the UK and wider European markets.
Volkswagen remains the top car brand in the UK for converting online searches into purchases, according to analysis by Honcho.
Electric vehicles (EV) and hybrid sales across Europe delivered a record 16.2% market share as overall car registration volumes declined by 24% as the sector emerged from COVID-19 lockdown.
The Financial Conduct Authority (FCA) has confirmed its move to ban all discretionary commission models in motor finance to save car buyers £165 miilion-per-year and eliminate “conflicts of interest” in the sector.
Mitsubishi Motors in the UK has written to its UK franchised retail partners to inform them of the Japanese car manufacturer's plan to exit the UK and European new car markets.
Cox Automotive has reported signs of pent-up demand in the used car market after its auctions went wholly online due to the COVID-19 pandemic.
Demand for low mileage car leasing deals has grown by 40% since the coronavirus lockdown measures were eased at the beginning of June.
The Peugeot 2008 is currently the UK’s fastest selling used car, according to Auto Trader, as demand for SUVs grew by more than 40% since forecourts re-opened.
Soaring demand for vans after COVID-19 triggered a home delivery shopping culture across the UK triggered a 20.8% rise in used values during Q2, according to Aston Barclay.
Ford has taken a £650 million loan to boost its investment into the development of electrification and smart mobility solutions in the UK – with the help of a £500m Government loan guarantee.
Used car specialist Parkhills Car Centre has become the latest addition to the Ssangyong Motors UK’s franchised car retail network – adding a dealership in Bury.
Car warranty sales for the last six weeks were 21.4% up by volume on the same period in 2019 within the RAC Dealer Network, new figures show.
Retail ready used car stock is in “high demand” among car retailers seeking ways to speed-up their business’ COVID-19 recovery by taking advantage of a post-lockdown surge in demand.
