5,000 retailers now use the Motorway platform and, to date, it has sold more than 500k cars. CEO Tom Leathes says the success is through following a fundamentally different business model to Cazoo, operating as a marketplace which now handles 5% of all used car sales in the UK. Leathes now wants Motorway to become […]

Read More →

SMMT chief executive Mike Hawes has been awarded an OBE for services to the automotive industry in the King’s Birthday Honours List. After a career in the automotive sector, Hawes joined the SMMT as chief executive in 2013 and has led the organisation through considerable technological structural and geopolitical change. “The past few years have been […]

Read More →

Many fleets running EVs and hybrids are experiencing issues with 12v batteries, causing disruptive breakdowns for drivers who might assume such issues should not happen with an electrified car. The Association of Fleet Professionals (AFP) is calling for OEMs to improve the operational efficiency of their cars and address such common fleet problems. This is […]

Read More →

The first Fisker retailer has opened in Nottingham, as the new entrant goes from a direct sales to a hybrid sales model. A Lotus and Morgan retailer, Central GB, is the first Fisker retailer partner in the UK. In a battle to stave off bankruptcy Fisker is currently undergoing a restricting.

Read More →

Vertu has given a positive outlook for the year ahead despite “stalled” EV demand in its latest full-year results. In line with market expectations, the group revealed an adjusted profit before tax of £37.8 million, down on last year’s £39.3m for the year ended 29 February 2024. Turnover for the group hit a record £4.7 […]

Read More →

New entrant VinFast has signed 12 further retailers in the US which will be opening from April 2024. This now makes a total of 18 retailers in the US for VinFast, across seven states. The expansion follows the company’s transition from a direct-to-consumer model to a “capital-light hybrid model with a strong focus on leveraging […]

Read More →

Gavin Hydes, Joe Duffy Motors CEO, has upped his stake in Vertu from 3.3% to 4.1%. Joe Duffy Motors is controlled via Irish company, Nivag Holdings. The investment was via Nivag, wholly owned by Hydes. Last November, the point at which investors must notify the stock market, Hydes passed the 3% ownership threshold.

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 →

US-based Lithia and Driveway has completed the acquisition of the UK motor and fleet management divisions of Pendragon – the UK’s third largest automotive dealership group. Following a bidding war, the deal closed with a purchase price of £397m. Lithia says that its acquisition of the leasing division adds a “highly profitable” fleet management services […]

Read More →

Skoda has gone live with the agency model for electric vehicles in the UK, Auto Retail Agenda has learnt. The move at the start of November follows fellow Volkswagen Group brand Cupra’s agency move in 2022. One retailer told Auto Retail Agenda described Skoda as Volkswagen Group’s test bed for agency and the plan was to see how it […]

Read More →