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 →Arnold Clark has acquired family-run North Tyneside retailer Wingrove Motor Company. Founded in 1925, Wingrove was the largest family-owned and operated retailer in the North East. Its sites have now been rebranded Arnold Clark.
Read More →David Beattie takes over as director for Mini UK and Ireland on 1 January 2025. He succeeds Federico Izzo, who is promoted to head of Mini region Europe. Beattie has headed the used car business since 2023 and was responsible for Mini sales from 2018. He has extensive sales and marketing experience and, says Mini, […]
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 →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 →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 →Stellantis has released more details about its rollout of China’s Leapmotor brand in the UK. They aim to set up a network of up to 50 retail sites by the end of 2024. These sites will be hosted within existing Stellantis dealerships, including brands like Peugeot, Citroen, and Vauxhall. Two Leapmotor models are to be […]
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