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US dealer AutoNation eyeing move to pounce on Inchcape’s UK dealerships SMMT chief urges swift action and ambitious policies to increase EV adoption Saxton 4×4’s pre-tax profit slides by almost 50% despite turnover rising Used car market entering second quarter with momentum as new records set, says Auto Trader Motorpoint expecting to see full-year…
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Inchcape agrees £346m deal to sell UK retail operations to US giant Group 1 Automotive What makes UK dealer groups so attractive to US investors? We ask industry experts for their take Alfa Romeo forced to rename upcoming ‘Milano’ after model accused of breaking Italian law Britishvolt gigafactory hopes set to end with Blyth site due to be sold to …
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Peter Waddell threatens High Court action after shock removal as Big Motoring World director Lotus racks up £593m loss for 2023 despite selling record number of cars FCA warns motor finance firms to prepare to pay out following discretionary commission review Barclays appeals against ruling which sparked FCA investigation into motor finance industr…
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Volvo officially drops diesel with XC90 as manufacturer’s final derv car Hyundai to cut number of UK dealers it works with as it looks to ‘future-proof’ network Video: Omoda and Jaecoo brands aiming for 100 dealers and 10,000 sales in UK by end of 2024 Lookers opens its first multi-franchise car dealership hub after £6m investment Trading Standards…
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Six new directors appointed at used car supermarket Big Motoring World Close Brothers conserves £400m as FCA’s car finance commission probe rumbles on BBC Watchdog highlights Toyota and Lexus keyless car theft problems Bentley performs U-turn on pledge to stop ICE manufacturing by 2030 Nissan and Honda join forces on developing electric vehicles an…
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Now Audi ‘delays’ introduction of fixed-price car sales for its EVs as another agency model cracks Vauxhall boss calls on government to ‘immediately’ cut VAT on new electric cars Scrap ‘unfair’ WLTP system for testing range of EVs, says What Car? Watch Chinese car maker Yangwang show off SUV’s crazy pirouette on the spot party trick Leak reveals Ca…
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Cazoo halts used car sales and plans to take on Auto Trader as advertising marketplace Senior carmaker execs hit out at government’s EV approach amid ‘frustrating’ Budget Big Motoring World’s Peter Waddell reveals rapid move to hoover up Cazoo stock after online used car dealer scrapped sales Peter Vardy opens conference on how Chinese EVs and tumb…
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Jaguar Land Rover cans fixed-price car sales plan and sticks with traditional franchised model Current climate makes it ‘almost impossible’ to get private buyers into electric cars – Fiat boss Chancellor is urged to bring in ‘fair taxes for a fair transition’ to boost EV uptake Sir Jim Ratcliffe accuses governments of forcing EVs on consumers Luca …
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Lloyds Banking Group puts aside £450m to deal with FCA investigation into motor finance Cars that aren’t Ulez-compliant set to be sent to Ukraine under scrappage scheme Genesis keen to boost brand and launches search for more dealers to add to fledgling network Fiat calls on government to reinstate plug-in car grant to boost EV demand These are the…
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Carwow buys car magazines Auto Express and Evo for undisclosed sum Close Brothers shares tumble as it scraps dividend amid fears over motor finance claims D.M. Keith snaps up Suzuki heavyweight dealer group Colin Appleyard JLR’s lead times become ‘far more acceptable’ as supply woes ease, says boss Selling Supercars: Meet the team behind supercar d…
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Martin Lewis’s car finance complaint tool receives 262,500 inquiries in opening days Financial incentives are needed NOW to boost new and used electric car demand Trading Standards clamp down on used car dealers’ ‘unfair’ admin fees Google to take wraps off its Vehicle Ads solution for motor trade at Car Dealer Live Gap insurers agree to suspend sa…
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Battleground: How will car makers hit tough 2024 EV targets? And do car buyers REALLY want electric cars? Honda boss on hitting electric car targets, used cars and what 2024 has in store for car dealers Shock as SUV Prestige is forced to close due to ‘difficult trading conditions’ for used car dealer Inchcape confirms it could offload all its UK de…
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FCA ‘effectively banning’ car dealers from selling Gap Insurance from February Geneva Motor Show could appear in more countries, despite Qatar event controversy Which car manufacturers will and won’t be attending the Geneva Motor Show? Arnold Clark owner pays £78.3m tax bill as the largest car dealer tax payers are revealed Stellantis expands used …
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Trading Standards warns of dangers of buying from used car dealers posing as private sellers on Facebook Tesla and Volvo to halt European production after Red Sea shipping attacks by Houthi rebels Now Lookers ‘asks staff to work weekends and longer hours due to staff shortages’ Electric car price war expected this year as Chinese brands eye large s…
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Used car dealer Cinch lost £181m in 2023 results reveal ZEV mandate comes into force prompting calls for EV incentives and better infrastructure Lookers staff at threat of redundancy claim car dealer group is ‘cutting corners’ Whistleblowers claim Jaguar Land Rover dealership ramps at ‘serious risk of collapse’ Successful Toyota dealership to pass …
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Used car dealer Cazoo says it faces going under as it reveals new cash crisis Used car prices tumble again in December – but will begin to stabilise in 2024 JLR launches insurance product for Range Rover customers in face of rising thefts Could Lookers acquisition fall foul of Takeover Panel rules after wave of redundancies? SsangYong rebrands as K…
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Why do banks hate used car dealers so much? The AI Car Dealership Project Part 3 More redundancies looming at Lookers as business managers and sales teams now face cuts Now Christmas parties are ‘cancelled’ as car dealer Lookers axes even more staff Family business JCB Group agrees deal to buy Marshall Volkswagen site in Kent Car dealer group Sytne…
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We got things wrong and for that I’m sorry – Stellantis boss opens up about mistakes and why it’s delaying agency sales yet again Comment: How new Stellantis boss handled horrible questions from car dealers Wheeler Dealer Mike Brewer’s top tips for my used car dealership powered by AI Outspoken Cazoo founder Alex Chesterman finally bows out of used…
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Tesla FINALLY rolls out hotly anticipated Cybertruck after years of delay Exclusive: I’m starting a used car dealership of my own – with the help of AI ⁠Electric car discounts have rocketed by average of 323% in a year – report⁠ Leaked memo reveals two MORE senior directors have quit Marshall Motor Group Cinch and We Buy Any Car owner ups its stake…
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Used car auction house BCA to hold trial physical sale for first time since pandemic Boost for British car industry as Nissan confirms Sunderland base for electric Juke and Qashqai Genesis to be axed as standalone firm in UK and merge with Hyundai GWM axes controversial Funky Cat name as firm adopts new numbered naming strategy Sources reveal BMW G…
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Used car marketplace Motorway launches trade sales and clever Instant Match feature Carmakers are registering cars ‘tactically’ again to boost market share Hyundai becomes first car brand to sell vehicles on Amazon as firms announce new partnership 'Not much evidence' non-compliant used car stock heading north after Ulez expansion Embarrassment for…
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Cinch and We Buy Any Car owner increases its stake in Vertu Motors again Marshall Motor Group sees profit nearly halve in first year under Constellation ownership Five UK car dealers named in Top 10 of largest groups in Europe – the Top 20 list revealed Mazda announces record profits for first half of the year as sales of CX-60 go through the roof …
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Car Dealer Top 100: Britain’s most profitable dealers clock up £2.78bn earnings Car dealer group Vertu Motors suffers ‘malicious’ amendments to Companies House records Tesla boss Elon Musk warns Artificial Intelligence will one day ‘eliminate jobs’ Toyota reverses plans for fifth-generation Prius and says new car WILL now be sold in the UK Jaguar L…
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Subaru flying car, electric MX-5 and new Nissan GTR – Tokyo Mobility Show 2023 round-up Honda’s Uni-One is a Segway rival designed to transport lazy shoppers and students around Exclusive: 10,000 Jaguar Land Rovers off the road due to huge parts shortage Exclusive: Big Motoring World snaps up two Available Car sites and aims for £1bn turnover 99% o…
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AutoNation pulls out of race to buy car dealer Pendragon paving way for Lithia Time warp car dealership still stocked with classic 1980s Fords tracked down Electric car ‘was not to blame’ for huge fire at Jaguar Land Rover car dealership Bangers4Ben teams make it home after loop of Ireland in their amazing creations Replacing loss-making car dealer…
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Sytner Group chalks up incredible £178.9m profit as revenues rise by more than £1bn Vauxhall targets Fiesta owners as it looks to make Corsa 2024’s most popular new car Online marketplace Carwow books £29.4m loss for 2022 despite revenues rising Labour will reimpose 2030 ban on new petrols and diesels if it wins next general election Car dealers su…
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Lithia Motors’ latest bid for car dealer Pendragon most likely to go through – experts Used car supermarket Motorpoint books £3.7m loss for first half of the year Wheeler Dealers star Mike Brewer on death threats and how social media ruined his life ‘Hapless’ car thief thwarted by a bollard is jailed after leaving string of evidence at dealerships …
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More than a fifth of new cars sold from 2024 must be electric, government confirms Government tells carmakers that EV targets will remain in place despite delaying 2030 ban Nissan boss vows that all its future European vehicles will be electric Bidding war hots up for Pendragon as THIRD suitor enters race to buy car dealer group Pendragon sharehold…
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Lithia makes second bid for listed car dealer Pendragon with £280m offer Shock rival bid to buy Pendragon from Hedin and Sytner-owner Penske rejected Car dealers have their say on 2035 ban as some predict ‘it’ll never happen’ Manufacturers ‘will not change’ plans despite petrol and diesel car ban being pushed back Car makers’ target to sell 22% EVs…
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London used car dealers urged to send non-Ulez compliant part-exchanges to Ukraine Used car dealer caught taking unauthorised beach holiday after bumping into company director in Portuguese bar EU considering tariffs on new Chinese EVs as it looks to help the likes of Stellantis avoid ‘race to the bottom’ China hits back at EU as major row brews ov…
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Volkswagen Group to ‘find new role for Seat’ after confirming brand will stop making cars and be replaced by Cupra Volkswagen to ditch ID and GTX brands and keep Golf, Tiguan and GTI names into electric era Skoda remains committed to switching to agency sales as boss says model ‘is the name of the game’ Lookers takeover by Global Auto Holdings gets…
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Jardine Motors’ American owner Lithia swoops on UK BMW dealer group Big Motoring World boss refuses to rule out rumours he’s buying used car supermarket rival Available Car BYD to delete ‘Build Your Dreams’ badging after dealer feedback Used car dealers react to Ulez expansion as they say they are now turning away non-compliant part-exchanges New e…
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Biggest drop in August used car values for 13 years – but there’s no price crash on the way JLR announces groundbreaking new plan to recycle old EV batteries Franchised car dealer appoints administrators after uncovering £3.7m stock discrepancy in annual accounts Scam car dealership SR Vans uses fake Google reviews and location to dupe car buyers C…
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UK government’s lack of plan around EVs is ‘inept’, says former Aston Martin chief Majority of UK councils have no official strategy for residential EV charging – Vauxhall Used car dealer Big Motoring World sees profits soar despite tough trading for supermarket sector Chinese brand Omoda on its way to UK with crossover SUV JLR creates 300 new jobs…
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House of Lords launches inquiry into electric cars and the barriers to achieving 2030 ban Used car supermarket Big Motoring World notches up record sales Macklin Motors offers huge 50% discount on cars as it drums up awareness of upcoming Toyota dealership Franchised dealers back Chinese disruptors to make a big impact on the UK new car market Two …
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New car registrations up more than 28% in July, completing one full year of sales growth Lookers takeover poised to go ahead after Cinch agrees to better offer Peter Vardy used car supermarkets face closure as group signs MG deal Troubled used car retailer Cazoo slashes its losses as brutal cost-cutting mission begins to bear fruit Jobs axe will fa…
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Lookers’ directors agree to takeover offer by Global Auto Holdings after raised bid is tabled Troubled used car dealer Cazoo comes under fire from BBC’s Watchdog programme for second time in 15 months Renault and Nissan agree new terms on partnership with Japanese outfit set to invest more than £500m JLR makes £435m profit in Q1 as firm moves on fr…
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Investigation: Which car makers are switching to haggle-free, fixed price agency sales and when? Investigation: Who’s driving the anti-electric car agenda… and why? Lookers: Could an incoming bid from Lithia Motors be why used car dealer Cinch pulled its backing? Official: JLR owner confirms it will invest more than £4bn building new gigafactory in…
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Renault slashes huge number of car dealers as it radically downsizes network Experts fear Jaguar Land Rover’s ‘House of Brands’ plan will cause confusion Bristol Street Motors opens used car dealership on ex-Cazoo site Lithia looking for acquisition targets for Jardine as US firm takes reins of luxury car dealer group Motorists prefer to sell used …
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Final Fiesta to roll off the production line today as curtain finally comes down after 47 years Onto said to be facing administration after losing financial backing from Legal & General Dacia to bring ‘Europe’s most affordable electric car’ to UK in 2024 Used car prices rising at fastest rate this year despite EV values continuing to plummet – Auto…
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Jaguar worst car maker to represent in UK – and Land Rover not much better Car Dealer Power 2023: Who won what at this year’s awards? Fiat announces it will no longer sell grey cars as it wants to be known as ‘brand of joy, colours, and optimism’ Hyundai and Toyota handed slap on the wrist by advertising watchdog over ‘misleading’ charging claims W…
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Hedin looks to raise £110m for ‘acquisitions’ as experts predict fresh Pendragon bid is only a matter of time Bank hikes interest rates to 5% – but experts say it’s not impacting car demand Cambria profits increase in 2022 as firm flourishes in private hands away from Stock Market Land Rover Discovery named most unreliable used car – but Citroen is…
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Mercedes boss: Haggle free new car sales is working – and it’s what our dealers wanted Mercedes Benz boss Gary Savage: Exclusive Q&A on agency sales and more Broker expects further losses at used car dealer Motorpoint labelling firm ‘overvalued’ Used car dealer Motorpoint blames stock concerns and tumbling EV prices as it announces £300,000 loss fo…
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Pagani partners with car dealer group Sytner to sell million pound motors Judge jails ‘dishonest’ used car dealer for nearly five years for clocking 33 used cars Dealership says it’s closing after month’s notice of losing Stellantis franchises Volvo kills off plug-in hybrid XC40, S90 and Cross Country estates as it updates UK line-up Government adm…
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Jaguar Land Rover: We must fix our reliability if we’re to make brands a success Land Rover name is not dead – despite being relegated in JLR’s brand line-up All Jaguar Land Rover new car sales will be fixed price and no haggle from 2024 JLR will cut its Jaguar and Land Rover dealerships as it moves away from volume sales Inside the £10m Range Rove…
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Ad watchdog rules against dealer over ‘misleading’ used car listing EV range could double as Chinese start-up develops battery that can do 1,000km on a single charge MG boss on Cyberster orders, Chinese rivals and an EV successor to legendary 6R4 Women put off electric cars by poorly targeted ads as gender gap widens Elon Musk will ‘seriously consi…
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Used car dealer Cazoo reveals its fears for future in brutal set of admissions Stellantis calls for changes to Brexit deal for electric vehicle manufacturing UK car industry is facing ‘existential crisis’ as argument over EV Brexit deal rumbles on VW Group ‘blocking’ sale of car dealerships as it ‘looks to cut business partners’ Government set to f…
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Jaguar dealership cull begins as Vertu books £1.5m charge for loss of five sites Vertu boss Robert Forrester takes fresh swipe at online disruptors as Cazoo continues to struggle Fake online car auction Elvaron Ltd scams customers with stolen Cazoo content Luxury Bentley used by King Charles for sale at used car dealer Family-owned dealer John Gros…
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Chinese brand GWM Ora continues assault on UK market with new Tesla Model 3 rival Stock levels dropped for franchised dealers last month as March’s plate change fails to boost part-exchanges Sales of new and used cars expected to boom in 2023, new predictions reveal New car registrations accelerated in April but there’s a ‘cloud’ over EV sales – SM…
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Used car dealer Cazoo’s job cuts and closures boost performance in first quarter Shortage of water could be the next crisis for the car industry, warns Seat boss EVs dominate top 10 list of biggest depreciating used cars in April Used Car Award winner says time is right to start stocking used EVs despite price drops Electric car charging rivals clu…
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