Lookers has posted a record pre-tax profit of £90.1 million after navigating challenging new car supplies and trading on strong used car margins.
More than half of car owners without a service plan are considering delaying or missing their vehicle’s annual service this year, as living costs rise rapidly.
Swansway Group has followed a COVID crisis-defying set of record annual financial results in 2021 with a further 147% surge in pre-tax profits during 2021.
Sales of new light commercial vehicles in March were down 27.6% year-on-year as supplies of large and medium panel vans continue to be constrained.
SsangYong Motors UK has appointed Thomas Holyoak as regional aftersales manager for the east and southeast of England.
Taxi and van manufacturer LEVC has appointed a new dealer for the Greater Manchester region.
The UK automotive sector has suffered its worst March new car registrations result since 1998, with Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes stating that it “lays bare the challenges ahead”.
Few industry executives expect all UK car sales networks will be operating under agency contracts by the end of the decade, however the switch to agency is predicted for a sizeable portion.
In his latest ‘viewpoint’ opinion article for AM Professor Jim Saker asserts that better understanding the diversity of the automotive workforce, and making a few minor changes to working practices, can unleash previously untapped potential.
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