EXCLUSIVE: HYUNDAI PLANS NETWORK RESTRUCTURE CLOSE BROTHERS’ £400m FCA FIGHTING FUND USED CAR DEALER CLOSES OWNING £430k NETWORKS REPORT NOW ON SALE MERCEDES DEFENDS GERMAN RETAILER SALE CARVANA...

LOOKERS MAY NOW CUT 14.5% OF ITS WORKFORCE AVAILABLE CAR IN £7.3m 2022 LOSS GUMSHOE TAKES STAKE IN PENDRAGON OBE FOR TERENCE DONNELLY AUSTRALIA’S LARGEST RETAILER HACKED BUICK NETWORK HALVES AS...

Against a backdrop of low economic growth, high interest rates and high inflation, Graeme Chaplin, Bank of England agent for the West Midlands and Oxfordshire, believes there will be some growth in...

SKODA AGENCY GOES LIVE BMW SUSTAINABILITY CHIEF: ‘DON’T BAN ICE’ LEASING DEMAND FOR EVS FALLS BOWKER BMW MAKES SUNDAY CLOSING PERMANENT WHO’S WHERE 2024 NOW ON SALE VINFAST RECEIVES 70 US...

HENDY EXPANDS INTO STELLANTIS; PETER VARDY GROWS MG PERRYS REVENUE UP BUT PROFIT FALLS DALE WYATT: AUGUST NEW CAR SALES WILL BE UP 25% LOOKERS’ DUNCAN MCPHEE CONFIRMED FOR AUTO RETAIL LIVE SPOTICAR...

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...

Inflation will remain in double digits well into the first half of next year, largely due to the current high energy prices. It will fall back rapidly in the second half of 2023, but things are going...

CAZOO FORMER CFO CASHES OUT USED CAR MARKET ‘RECESSION-PROOF’ AGENCY AND USED CARS: ‘FEW BENEFITS, HIGH RISKS’ VOLKSWAGEN CREATES NEW SALES ROLES AS AGENCY ACCELERATES AUTO RETAIL PROFIT...

The last 12 months have been a very good year for the automotive sector, particularly for most vehicle retailers. Whilst 2023 will obviously have serious challenges, hopefully the business practices...

Consumer confidence has weakened and is set to continue to deteriorate further in the coming months. Consumer confidence, as rated in the GfK index, fell to an all-time low of -41 in June 2022,...

The pandemic saw European used-car markets deliver solid profits on prices that went through the roof. As the market boomed, demand outstripped supply, with people looking for safe alternatives to...

Global trade is never simple. We’ve the rise of one economy at the expense of others, protectionism growing to confound free trade, and of course rising costs for all. But another factor to consider...

LSH AUTO POSTS ANOTHER LOSS RYBROOK AUTOMOTIVE IN £11.8m PROFIT RETAILER FINED £58k OVER ULEZ ‘LIES’ LEXUS JOINS MOTABILITY SONIC TO KEEP ECHOPARK CHINESE STARTUP EVS TO J.D. POWER SURVEY...

SNOWS TO GO ALL-MAKES WITH ONLINE CONTRACT HIRE SITE TOO-CHEAP USED CARS ARE LOSING RETAILERS MONEY USED CAR PRICE SPIKE EASES HALFORDS TESTER ISSUES 31 FRAUDULENT MOTS AGENCY MODEL: YOUR ONE-STOP...

NFDA UPDATE ON AGENCY MODEL ARNOLD CLARK AND LOOKERS TOP ONLINE AUTHORITY STUDY CAZOO INSPECTION COMPLAINTS CARVANA ‘HITS A SPEED BUMP’ INVENTORY SHORTAGE TAX RELIEF PROPOSED STOCKWATCH: Inchcape...

Increases in inflation, interest rates and higher cost of raw material and staffing have knocked the early optimism for a swift bounce back in the automotive industry, and fleets and automotive...

Sales consultants top a list of fastest-growing wages with salaries going up 20% in a year. Their average salary is now £29k. LCV driver wages have risen 16% and vehicle technicians have risen 11% to...

SALES CONSULTANTS HAVE FASTEST-GROWING WAGES LARGER RETAIL GROUPS FAVOURED IN VW EV QUOTAS GREEN LIGHT FOR SHIPPING COMPANY CLASS ACTION PM TO DETAIL LIVING WITH COVID PLAN OVER-THE-AIR SOFTWARE...

With the Bank of England expecting inflation to hit 7% and the inevitable wage inflation that could follow, motor retailers are facing many of the headwinds impacting the UK economy. This has been...

NISSAN LAUNCHES NEW LIVE ONLINE SHOWROOM UNDERPRICING COST RETAILERS £125m IN JANUARY CAZOO CAR CRASH VAUXHALL’S STEPHEN NORMAN RETIRES YET MORE DELAYS FOR TELSA GERMANY LAMBORGHINI PHILADELPHIA...