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Polestar UK abandons agency sales model as it looks to increase sales Used car dealer wins legal fight against customer who exploited distance-selling loophole Volvo ditches target of only selling purely electric cars by 2030 Former Volkswagen boss faces up to 10 years in jail as trial over emissions rigging starts Volvo ditches target of only sell…
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In this special one-off episode, brought to you in association with Motorway, our regular Car Dealer Podcast hosts are joined by three experts to discuss our favourite stories of the year. Mike Brewer of Wheeler Dealers, Estelle Miller of EV Experts, and Sean Kelly of Vines Group bring their respective expertise to Podcast Live – all recorded in fr…
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Wheeler Dealer star Mike Brewer joins our Podcast Live line-up – get your tickets here Video: Used car prices slipped by ‘just’ 0.6% in August as strong demand propped up values Vauxhall becomes first carmaker to price an electric model the same as a petrol Family-owned Alan Day Motor Group to open BYD dealership in London Family-owned Peter Cooper…
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Two weeks to go to our social gathering for the motor trade: Car Dealer Podcast Live 2024 Ex-Lookers chief operating officer Duncan McPhee joining Hendy Group in same role Heavy discounting of electric models likely as manufacturers grapple with ZEV mandate FCA renews warning over value for money in Gap insurance sector Aug 21: Company insolvencies…
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Sun Motors launches with aim of shaking up UK’s car-buying and financing landscape Jaguar dealers will have no new cars to sell in 2025 as carmaker readies luxury electric GT for ’26 Changes to EV incentives could harm take-up, warns motor finance firm New car sales will be ‘extremely challenging’ in Q4 as ZEV mandate is set to bite hard Second spe…
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Second special guest announced for Car Dealer Podcast Live event – book tickets here Subaru is voted best car brand by owners as buyers deliver brutal verdict on MG New car registrations rose in July, but falling consumer demand is a ‘concern’ – SMMT Motors paid ‘up to £5m’ for Cazoo brand after online used car dealer tried desperately to sell it S…
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‘The police don’t want to know’: Wheeler Dealer Mike Brewer on how motor traders can protect themselves from scams ⁠Dacia Sandero named Europe’s best-selling car for the first half of this year⁠ US giant Group 1 completes £346m Inchcape acquisition, doubling its UK footprint Mark Raban expected to take helm of combined Inchcape and Group 1 Automoti…
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Used EV dealer Estelle Miller to take the stage at Car Dealer Podcast Live – book tickets here SMMT wants ‘flexibility’ on 2030 ban with several brands currently ‘struggling to comply’ Used car dealer Sentinel Cars put into administration owing creditors nearly £7m Honda e:Ny1 back on top as ‘hottest’ new car on Auto Trader, thanks to big affordabi…
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Cinch launching used car dealerships across the UK with first one on former Cazoo site Cazoo administrators blame ‘aggressive expansion strategies’ as documents reveal nearly £260m of unsecured debt Only 1 in 7 of today’s Chinese EV brands will be profitable by the end of the decade, analyst claims Young people want to buy used cars but they are be…
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Get your tickets for the Car Dealer Podcast Live on September 4 and be part of the show Ford goes back to the future as it revives iconic Capri nameplate as electric SUV Motors launches new Cazoo app for used cars and says updated website is on its way Land Rover serves up most profitable used cars so far in 2024 Glyn Hopkin Group sold to its emplo…
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Cazoo officially winding up and liquidators appointed following shareholder vote Documents reveal Cazoo Ltd has nearly £190m of unsecured debt Stellantis boss on potentially pulling UK production, her love for the 2030 ban and what she needs to fix next Stellantis boss on late dealer bonus payments, cars stuck at ports and agency sales delay It may…
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Dire warning from Stellantis as it says it could close UK factories over EV quotas and demand Cazoo Group board votes unanimously to wind up company and announces EGM date Car manufacturers in China want 25% import tax on EU vehicles – report CDK Global tells car dealers hacked software unlikely to be restored before end of month Rosy picture for u…
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⁠Car Dealer Briefing: What’s in this week’s subscriber-only Substack newsletter from James Baggott?⁠ Former Lookers director Tony Bramall invests in car subscription firm Fisker files for bankruptcy protection after failing to secure investments Volvo U-turns on estate cars and will reintroduce them to UK market Shareholders to vote on another bump…
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Used car supermarket Motorpoint suffers massive deepening of losses in ‘most difficult year ever’ Huge row breaks out with EU set to announce additional 25% tariffs on Chinese EVs Family-owned Barretts of Canterbury sees profit plummet by almost three-quarters Family-run JCT600’s profits slide as move to agency hits turnover and franchises are ditc…
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Car dealer group Caffyns reports loss of more than £1.5m after being in profit the year before Alexanders Prestige sees profits fall as bosses point to ‘challenging sector’ Greenhous Group looks to convert former Shrewsbury Waitrose shop into car showroom Choice and affordability of Chinese EVs will only benefit UK car buyers – Auto Trader EV Exper…
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Falling used electric car prices sees Hedin Mobility book hefty loss in Q1 Auto Trader Group sees revenue soar 14% and pre-tax profit top £345m in 2023 Bentley appoints Porsche vehicle development chief as new chairman and CEO Alfa Romeo to ditch famous off-set numberplates due to EU rule change Dacia to open new flagship dealership as brand prepar…
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Used car supermarket founder Peter Waddell accused of ‘bullying’ and ‘intimidation’ as High Court ponders case Day 2: Peter Waddell’s conduct comes under intense scrutiny as High Court case continues Cazoo to be delisted on New York Stock Exchange after trading in shares is suspended G3 reveals plans for failed Cazoo’s Bedford site after swooping i…
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Doncaster CarShop site earmarked for closure with more than 100 job losses under Sytner shake-up Used car dealer Big Motoring World linked to sale of CarShop sites Exclusive: Sytner to axe CarShop used car supermarket name, rebrand some stores and sell others in huge shake-up Updated: Arnold Clark and WJ King deny talks of a deal after leaked memo …
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Cazoo files with High Court to place subsidiaries into administration Cazoo left things far too late to save itself from disaster, says top accountant Exclusive: Peugeot joins band of carmakers calling on government to help customers make switch to new EVs Ford may have to cut petrol and diesel sales in order to avoid hefty ZEV mandate fines JLR to…
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Bombshell Cazoo statement admits failed used car dealer may tumble into administration Aston Martin’s pre-tax loss almost doubles to nearly £140m for first quarter of year Aston Martin rejects agency sales as model ‘turns car dealers into prep centres’ Stephen James Group to be renamed Hedin Automotive after acquisition by car dealer outfit Stellan…
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Cazoo’s new digital marketplace goes live after online disruptor pulled out of used car sales Lithia confirms hundreds of job losses at Pendragon as US giant kills off CarStore Government rejects bringing back EV grants and other House of Lords report recommendations Fiat takes aim at ‘sleepwalking’ UK government with country ‘on the cusp of an EV …
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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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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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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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