Carwow has secured backing from Bessemer Venture Partners, one of the world’s oldest venture capital firms, in a funding round that values the online marketplace at £250m. San Francisco-based...

Much has been said about how the agency model will shape the fortunes of participating retailers, but one area of uncertainty is in the management of part-exchanges. Keen to safeguard profitability...

More consumers than ever are configuring BEVs on online platforms, but are being put off from buying a new vehicle by the high price. So says John Veichmanis, CEO of Carwow, adding: “On the new car...

FCA: ‘NO INTENTION OF BANNING GAP INSURANCE’ AUTO TRADER TRENDED VALUATIONS OPEN TO ALL FORRESTER AND VEICHMANIS JOIN AUTO RETAIL LIVE RETAILER EMPLOYEE GUILTY OF FRAUD WITH PRE-PAYMENT CARDS...

INCHCAPE SETS UP SPECIALIST TEAM AFTER FLOOD USED CAR MARKET HEALTH ‘ROBUST’ DESPITE FALL IN VALUES FORRESTER, PONTIN AND VEICHMANIS TO JOIN AUTO RETAIL LIVE ANDREW PILKINGTON JOINS VINFAST UK...

Retail demand for new vehicles slumped in November, falling 5.9% compared with the same month last year. The 60,506 new registrations, down from 64,921 in November 2022, represent a market share of...

New Carwow CEO John Veichmanis maintains that the company continues to be a powerful demand generation vehicle for retailers, commenting: “It’s very expensive to acquire new customers, and across...

The Government’s decision to delay the petrol and diesel ban won’t have come as a surprise to retailers given that 85% of them didn’t think it would go ahead as planned anyway. That’s...

3 in 4 motorists don’t know if their car meets Clean Air Zone rules, a new poll by Carwow has revealed. It says this is “great news” for retailers who have a new opportunity to attract new...

SUZUKI RETAILERS IN 2023 RECORD PROFIT CARWOW REVEALS ULEZ RETAILER OPPORTUNITIES JCT600’s £1.45bn 2022 TURNOVER; WILLIAM MORGAN RECORD CARLYLE ACQUIRES EVOLUTION FUNDING LITHIA Q2 PROFIT SLIPS,...

The MD of Volvo UK, which moved to agency last week, has revealed the company is collaborating with Carwow. Kristian Elvefors said that the new agency model “requires great collaboration with both...

ODEY SCRAMBLES TO SELL PENDRAGON STAKE CARWOW TEAMS UP WITH VOLVO ON AGENCY WEST END KIA RELOCATES TO BUS DURING REDEVELOPMENT CAZOO COMPANY SECRETARY STEPS DOWN BUSY WEEK FOR VERTU FORD: RETAILER...

The goal for all used car retailers is to increase sales, improve stock turn, reduce cost per lead and reduce cost per sale. Against a background when marketing budgets are, at best, static and, more...

Sales of battery electric vehicles continue to grow across Europe, with the UK and Germany leading the way, but market share of BEVs in the UK is falling– and the contrast in discounts and...

Carwow, the largest online new car sales portal in the UK, Germany and Spain, has cut a fifth of its staff to preserve cash. New vehicle interest is declining, said founder James Hind, and customers...

MID-2023 GO-AHEAD FOR VOLVO AGENCY MOVE CARWOW SHEDS A FIFTH OF STAFF DEMAND FOR FINANCE REMAINS STRONG DESPITE UNCERTAINTY JLR STILL CUTTING PRODUCTION DUE TO SEMICONDUCTORS LEARN BEST PRACTICE AT...

  VERTU DOWN 30% BUT ‘BATTLING HARD’ IN LOCKDOWN CARSEARCH AIMS TO BOOST FRANCHISED USED CAR OPERATIONS LOOKERS STOCKPORT IS KIA DEALER OF THE YEAR GATES FORD DONATES COMPUTERS TO SCHOOL...

  RYBROOK TURNOVER UP, PROFIT DOWN EASTERN WESTERN PROFIT UP 15% SNOWS MAINTAINS PROFIT IN 2019 CARWOW HONOURS RETAILERS IN NEW AWARDS FORD LAUNCHES USED CAR PLATFORM BMW TAKING CONTROL OF SALES...

Carwow head of OEM Sepi Arani claims the car comparison website delivered leads that generated just over 7% of all UK new car sales in August. He said reported sales were up 43.5% in June and 39.9% in...

  MARSHALL’S NEW SENIOR APPOINTMENTS TO SUPPORT GROWTH CARWOW ‘GENERATED 7% OF AUGUST SALES’ AUGUST SALES UP IN NI, SCOTLAND, WALES INCHCAPE SWINDON THIEF JAILED GDPR MOTORING OFFENCE FEARS...