In a weekend OpEd, business secretary Jonathan Reynolds said the government is determined to work with the car industry to increase take-up, boost jobs and hit emissions targets – but added the UK’s drive for EVs cannot be delayed or “our rivals will overtake us”. He said more than 2 in 3 OEMs had previously […]
Read More →BCA and Lithia have agreed a new exclusive five-year remarketing contract. BCA owner Constellation’s executive chairman Avril Palmer-Baunack said she was “delighted” Lithia’s exclusive remarketing deal will run until 2029 “and that they have trusted and invested in our partnership with their new consolidated UK group of companies and leadership”. Lithia is described as the […]
Read More →Transport secretary Louise Haigh and business secretary Jonathan Reynolds will meet with the auto industry on Wednesday amid reports the government is preparing to relax rules around the ZEV mandate. It comes amid claims the sales quotas “have pushed car makers to crisis point”. Haigh will also attend a bilateral meeting with Nissan today (Monday […]
Read More →Eden Motor Group sold 1,000 used cars in July marking a strong performance. The group represents Hyundai, Mazda, MG, Peugeot and Vauxhall, and is currently ranked 58 in the Motor Trader Top 200 Dealer Groups with an annual turnover of £279.9m. Operations Director at Eden Motor Group James Kurd said: “Very proud of the hard […]
Read More →More than half of auto retailers say they disagree with the proposed reinstatement of the 2030 ban on the sale of new petrol and diesel cars, reveals Auto Trader research. The new Labour government vowed to reinstate the ban on non-hybrid ICE cars, after the Conservative government pushed it back in October 2023. The research comes as […]
Read More →Gravells Limited saw profit before tax in the year ended December 2023 grow from £2.4m to £4.6m – a return of 3.6%, up from 2.3%. Turnover was also up, from £107m to £130m. The Wales and Hereford retailer said growth has been helped by new value-added products and services, investment in its underlying systems and […]
Read More →As exclusively revealed by Auto Retail Agenda last November, Lotus has switched back to the franchise model for its UK retail network after two years under an agency agreement, according to its retailers. Lotus joins a growing number of brands that have backed away from agency or delayed its introduction – including the Stellantis brands, Ford, JLR […]
Read More →Renault retailers can expect to add a fifth brand to their showrooms from next year with the launch of Mobilize. Mobilize is the French firm’s finance house, but is also the division that will sell the Twizy replacement called Duo, and commercial vehicle version called Bento. Mobilize will sit alongside Renault, Dacia, Pro+ and Alpine […]
Read More →More than 125 Subaru retailers last week heard new MD Lorraine Bishton rule out the agency model and commit to franchised retailers. “The dealer model is here to stay,” she said. “People buy from people.” The event in North Yorkshire was part of a renewed focus on the Subaru brand by parent IM Group, which […]
Read More →Inchcape has revealed it is to sell its UK retail division to US-owned Group 1 for £346 million. The sale is expected to complete during Q3 2024 and involves £100m being returned to Inchcape shareholders through a share buyback programme. Sales plans Inchcape revealed it was considering selling off the UK retail arm earlier this […]
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