Used car retailer Cinch saw its pre-tax loss decline from £176m to £118m in the year ended March 2024. Revenue fall from £1bn to £932m. During the year, it listed an average of 7,670 cars for sale, down from 8,801 in the previous year. The directors said Q3 had been impacted by “rapidly falling” used […]
Read More →Auto Retail Agenda editor Richard Aucock was named Business Writer of the Year at last week’s Guild of Motoring Writers’ Annual Dinner and Awards. Judges cited a deftness at getting to the core of an issue and an ability to generate an incredible amount of quality content week on week.
Read More →Waylands’ John O’Hanlon and Eden Motor Group’s Graeme Potts will join Carwow’s Philipp Sayler von Amend in the latest Auto Retail Live webinar this Tuesday to help retailers get ready for 2025. Discussion topics will include a market overview, industry themes for 2025, tackling rising employment costs, consumer behaviour, likely vehicle supply scenarios under ZEV […]
Read More →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 →The head of the Climate Change Committee has warned the UK government must “urgently” tackle the high cost of electricity as it is hampering the push for EVs. The UK had the highest electricity prices of OECD countries in 2023. The UK’s marginal pricing system means the wholesale electricity price is set by the most […]
Read More →Following the sudden resignation of Carlos Tavares, Stellantis will appoint a new chief executive during the first half of 2025. Recent boardroom clashes at the vehicle manufacturer have led to Tavares offering his resignation, which the board accepted. Tavares led an efficiency and profit-seeking drive at the group since it was formed in 2021 by […]
Read More →More than 100 million people have posted, read, liked or shared social media messages about Jaguar – including Elon Musk and Nigel Farage. However, many of them are negative, following the Coventry firm’s radical rebrand unveiled on Tuesday. “I predict Jaguar will now go bust,” said Farage. “And you know what? They deserve to.” Jaguar […]
Read More →After picking up his car from Martins Dacia in Basingstoke, Hampshire resident John Davies became the first UK customer to receive the new Dacia Spring, the nation’s most affordable electric vehicle. “I am a big fan of the Dacia brand and the quality of the service from the team at Martins Dacia,” said Davies. “I […]
Read More →Peoples chairman and MD Brian Gilda says the business faces a £450k hit due to Labour’s changes to National Insurance in the autumn Budget. “I was horrified – it’s gone down like a lead balloon,” Gilda told Auto Retail Agenda. “As a result, we have immediately stopped recruitment – we’ll now only take on people […]
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 […]
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