CINCH CUTS 2024 LOSSES CITY WEST COUNTRY MERCEDES 2023 PROFIT TUMBLES STRATSTONE JLR STOCKTON HIT BY EV CHARGER FIRE ‘GREENLASH’ NAMED A WORD OF THE YEAR SHORT SELLER TAKES STAKE IN CARVANA US NEW...

NORTON WAY IN £2.1m 2024 LOSS LUSCOMBE PROFIT HALVES BRITISH DRIVERS ‘NO LONGER WANT NEW CARS’ COULD HONDA CAR PRODUCTION RETURN TO THE UK? MERCEDES-BENZ WALKS BACK US RETAILER STRATEGY...

AUTO RETAILERS ‘ON BRINK OF £16bn DCA CRISIS’ FCA BLAMED FOR DCA CRISIS JETTEN LEAVES SEAT; COLLIER LEAVES JACKSONS MARSHALL 2024 PROFIT DOWN OLDEST MERCEDES-BENZ RETAILER CLOSES CAFFYNS SELLS...

ALFA TO HIT 34-STRONG NETWORK BY MID-25 NEW ENTRANTS REPORT 2024 PUBLISHED THIS WEEK COMPLETELY MOTORING IN ADMINISTRATION NORWAY’S LARGEST IMPORTER RECONSIDERS ICE PREVIOUS LEAPMOTOR IMPORTER TAKES...

EASTERN WESTERN IN £50m AGENCY HIT STRATSTONE STOCKTON ON SALE FOR £6m ROADSIDE GARAGES RAISES £20k FOR CHARITY EUROPE CALLS FOR ‘URGENT ACTION’ ON EVs… … BUT GERMAN MINISTER HINTS AT AID...

LSH Auto, the world’s largest Mercedes-Benz retailer, has extended its unenviable loss-making run, by more than doubling its loss before tax in the year ended December 2023 from £4.9m to £11.0m....

REPORT: VOLKSWAGEN TO CUT UK BUSINESS PARTNERS LSH 2023 LOSS MORE THAN DOUBLES TO £11m LABOUR TO BACKTRACK ON 2030 ICE BAN US STELLANTIS RETAILERS SLAM TAVARES IN OPEN LETTER CHINA CAR SALES FALL FOR...

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...

Mercedes-Benz has paired back its outlook for EV sales as demand for electric cars cools. It now expects EVs to account for half of its sales in the second half of the decade, rather than 2025. “I...

EVs ‘BEING FORCED ON CUSTOMERS’ SAYS SIR JIM RATCLIFFE MERCEDES-BENZ WARNS OF WANING EV DEMAND CAR INDUSTRY WARNED ABOUT KEYLESS THEFT A DECADE AGO STELLANTIS BOSS RECEIVES 56% PAY RISE TO £31m...

Car manufacturers are facing more than 1.2m compensation claims from motorists surrounding ‘defeat devices’ fitted to diesel vehicles, judges were told last week. The scale of the litigation may...

Pre-registered new Mercedes still exist under its agency model, a practice that was supposed to have stopped with the new retailer agreement. Cars advertised as “nearly new (pre-reg)” with 100...

MERCEDES AGENCY: PRE-REG AND BROKER DEALS RE-EMERGE MORE MARSHALL DIRECTOR DEPARTURES INVESTORS MAKE MOVES WITH VERTU, MOTORPOINT STONEACRE PROFIT DIPS; CAFFYN UNDER PRESSURE FREE WEBINAR TO FOCUS ON...

Mercedes-Benz UK CEO Gary Savage has questioned the latest NFDA Dealer Attitude Survey for its relevancy to the agency model. As highlighted in the October issue of Auto Retail Bulletin, under true...

MIKE ALLEN TO LEAD NEW CAMBRIA INVESTMENT COMPANY STEER AUTOMOTIVE GROUP GEARS UP FOR SALE EV NOT TO BLAME FOR INCHCAPE RETAILER FIRE UK AUTOMOTIVE HIRING ACTIVITY DOWN ROSSITERS SPLITS FROM AC...

LSH’s loss-making run continues. In the year ended December 2022, it lost £4.9m, up from the £2.6m loss in 2021. It has lost money in the UK every year since it bought the Birmingham and...

Smart is increasing its initial target of showrooms from 34 to more than 40 to improve geographic coverage. Speaking exclusively to Auto Retail Agenda last week, UK Smart managing director David...

CAZOO HEAD OF OPERATIONS JAMES DOWER TO LEAVE MERCEDES-BENZ PLANS ‘SHOWROOM EVENT’ HARWOODS 2022 PROFIT DIPS TO £7.8m BARRETTS ‘NOT HAPPY’ ABOUT STELLANTIS BRAND CLOSURE INCHCAPE IN NEW...

UK EU EV ‘LOSE-LOSE’ WARNING MERCEDES-BENZ RETAIL RESTATES 2020 LOSSES GREENHOUS 2022 PROFIT SURGES 25% ANDREW DEAN IS NEW MERCEDES-BENZ UK NATIONAL SALES HEAD VERTU SPONSORS PLYMOUTH ARGYLE TOM...

OEMs who have moved to agency are yet to be fully tested on their skills at selling cars compared to traditional retailers. “The lessons learned are limited when supply is restricted,” said the...