The UK has seen the biggest growth in brands offering online new car sales compared with seven other markets, according to new analysis by BearingPoint.
Dacia is introducing a new range of digital sales tools to work alongside newly appointed “Guides” as part of a new omnichannel customer journey.
Cazoo has said its plan to control costs and improve its margins on used car sales is “coming together” in its latest performance update to the market.
Volvo Car UK is informing consumers of its switch to direct-to-consumer sales in June with a reminder that this doesn't mean Volvo dealerships are closing down.
Automotive Transformation Group (ATG) has opened subscriptions for its new Fusion omnichannel software-as-a-service (SaaS) offering.
Cazoo founder Alex Chesterman said he was “incredibly proud of everything the team at Cazoo has achieved” in a financial results statement that revealed the online used car retailer’s £704 million losses for 2022.
Waylands Automotive has officially opened the doors to its new Polestar Space at Cribbs Mall in Cribbs Causeway, Bristol.
The number of people planning to buy their next car entirely online has fallen to just 4% in recent weeks, as buying habits shift back towards the traditional showroom model.
Harwoods Group’s chief transformation officer Archie Harwood has told AM that the business is starting to reap the rewards of a tech revolution after taking decisive action to “take charge” of its car retail destiny.
Staff at Cazoo’s former SMH Fleet Solutions (SMH) used car refurbishment centre in Gloucester lamented the loss of the sprawling automotive business as it prepared to close its doors for the last time today.
Cazoo has announced the appointment of former CarShop chief executive Jonathan Dunkley as chief operating officer in a trading update published today (March 7).
Cazoo has removed 15 of its 22 used car handover centres from its website after staff were informed that a series of planned closures would be going ahead.
Genesis has begun conversations with potential car retail partners across the UK ahead of a growth push to establish a physical footprint of up to 20 dealerships.
Growing demand for online car buying is boosting revenues for Drivvn, which plans to achieve car sales worth £1 billlon this year.
Mercedes-Benz UK chief executive Gary Savage has said he finds the roll-out of the brand’s direct-to-consumer agency model car retail strategy “hugely exciting” – despite agents' two-tier car retail sector concerns.
Cazoo has completed a ‘reverse stock split’ process to merge its share capital in bid to boost trading values on the New York Stock Exchange (NYSE).
Motorway has asserted that it has “significant funding reserves” to drive further growth after more than doubling its used car sales revenues to £1.7 billion in 2022.
Volvo Car UK chief executive Kristian Elvefors has informed the Swedish carmaker’s dealers of a three-month postponement to its planned roll-out of agency model new car retail.
Genesis has announced it will open a new studio in Edinburgh, Scotland, highlighting the company’s continued expansion since its arrival in 2021.
Cazoo plans to close sites and axe jobs in the UK as part of a ‘Revised 2023 plan’ following its 2022 exit from used car markets on the European mainland.
