The Motorpoint used car supermarket PLC aims to almost treble its revenues to £2 billion with a new “medium term” business strategy laid out in its 2020 annual financial results.
It’s nearly 450 days since dealerships were able to open their doors without the threat of Covid-19 causing ambiguity and confusion.
Genesis Motor Europe’s home test drives and promise of multiple handovers to facilitate vehicle familiarisation is only being offered to customers in the UK’s South East – for now.
Car dealership sites are set to undergo a major transformation over the next decade.
Constellation Automotive Group has switched the focus of its Corby used car preparation centre from Cazoo to its own cinch online retail offering – delivering a potential 30,000 cars per year.
Genesis Motor Europe has partnered with retail brand experience specialist Stellar to help create its Westfield London studio and is set to make its debut at the Goodwood Festival of Speed 2021.
Honcho has partnered with SilverBullet to provide insurance services as part of the online car buying journey.
IVendi has published a new white paper that is designed to help dealers make their businesses fit for the post-pandemic used car, van and motorcycle markets.
A new online platform to help dealers manage the part exchange process has launched.
The most recent Auto Trader Market Report (November 2020) which investigates the long-term trends in digital retailing, shows that consumer appetite towards buying online is increasing.
Carzam is poised to launch an online used car buying platform as retailers seek solutions to the stock shortage issues that are causing vehicle values to soar.
Cinch has attracted £1 billion in new investment to continue its push to online car retail growth alongside the likes of start-up rivals Cazoo and Carzam.
A new car tops the list of things that people would research online but need to see in real life before buying – even over a new home.
Cazoo is poised to expand its physical car handover Customer Centre network into Doncaster after securing an 18,000 square foot facility in one of the town’s key automotive retail locations.
The automotive industry is experiencing change at a pace never seen before and across more than one vertical.
Polestar UK plans to get up to 30,000 car buyers behind the wheel of its Polestar 2 performance electric vehicle (EV) with the help of a new ‘test drive hub’ in Milton Keynes.
Vertu Motors chief executive Robert Forrester has said the AM100 PLC will continue to drive a “big brand” profile through high-profile marketing after adding 30 car retail outlets in 15 months.
Hyundai’s Genesis Motor Europe premium subsidiary will forgo partnerships with traditional franchised car retailers entirely when it enters the UK market this summer.
Cazoo has added Barnado’s deputy chairperson Moni Mannings to its board of directors as it continues to make preparations for its £5 billion public offering on the New York Stock Exchange.
Sytner Group’s CarShop used car division has furthered its aim to deliver an omnichannel sales process with the launch of its new CarShop Express store in Leicester.
