Retailers could see improved profit from finance sales once the legislation around commission payments has been clarified and finalised, according to Auto Trader CEO Nathan Coe. Speaking to Auto Retail Agenda, Coe said the “finance situation will work itself out, in future it will be more transparent and better for the consumer.” He said that finance was […]
Read More →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 →Dacia, which currently has 144 retail sites, is preparing for a change in its network structure in mid-2025, says UK and Ireland brand director Luke Broad. The value brand will move to a hub and spoke structure, which will result in a 20% reduction in brand partner sites. “We want to have the right partner […]
Read More →The shock DCA court ruling “threatens to drive up costs for motorists and – in a worst-case scenario – bring the UK’s £100bn motor sector to a shuddering halt”. The Finance and Leasing Association’s Adrian Dally admitted to the Telegraph that disruption is rife. “We’re all immediately having to restructure to comply with this in […]
Read More →Retailers, OEMs and industry experts have given their views on the opportunity presented by new entrant brands in 2024. This week, the New Entrants Report 2024 will be published, offering invaluable insight and analysis for your business. The report also features full profiles of the 15 most important new entrants to have on your radar […]
Read More →Alfa Romeo, which has seen its network numbers fluctuate in recent years, is aiming to grow the number of retailers to 36 by mid-2025, according to UK managing director Jules Tilstone. Tilstone said the brand currently had 24 retailers, with four more on the way in West London, Birmingham, Manchester and Swansea. Another six added […]
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 →Mon Motors has acquired seven Volkswagen Group retailers from Heritage Automotive. They include Bristol Seat, Cupra, Skoda and Volkswagen, Gloucester Skoda, Cupra, Seat and Volkswagen, and Weston-Super-Mare Skoda and Volkswagen. According to bespoke industry data from Auto Retail Network, the deal leave Heritage with two Audi, one Honda, two Ineos, one Skoda and three Volkswagen sites […]
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