Car retailers’ used car forecourts are unlikely to benefit from “significant volumes” of additional stock as a result of the sector’s seasonal September sales boost.
The Chancellor of the Exchequer Kwasi Kwarteng has announced £45 billion of tax cuts in a ‘mini’ budget set to cost the exchequer around £100bn.
In the latest of a monthly 'guest opinion' feature Volkswagen Financial Services UK chief executive Mike Todd explains why the automotive sector must continue to drive the green travel agenda despite rising energy prices.
Land Rover dominated Dealer Auction’s August ranking of car brands and models offering the largest sales margin to car retailers.
Automotive Transformation Group have appointed its OEM and financier director Richard Johnston as chief revenue officer (CRO), effective immediately.
Vertu Motors has completed "stunning" £1 million refurbishment of its Slough Mercedes-Benz dealership.
The Bank of England has raised the UK interest rate by 0.5ppts to 2.25% in spite of Monetary Policy Committee (MPC) uncertainty over the best approach to stem inflation.
Toyota has re-stated its intention to build 9.7 million vehicles in its current fiscal year, despite being forced to cut production by 150,000 units in October and November.
CitNOW Group has continued its growth through acquisition strategy with the acquisition of Auto Imaging.
Car subscription provider Wagonex has become the recipient of Admiral Group’s first investment from its new venture building business Admiral Pioneer.
Endeavour Automotive will be one of the first retail businesses to move into Grade II Listed Battersea Power Station when it moves its Polestar electric vehicle (EV) franchise next month.
BCA’s average wholesale used car values declined by 5.4% in August as retailers switched their sights towards stocking a more readily available range of older vehicles.
Lloyds Banking Group managing director Richard Jones will be leaving the company to join Motonovo.
A Sytner Group BMW parts manager has avoided jail after he admitted defrauding the top AM100 car retail group of £62,000 in a refund scam.
Teams from Lookers are gearing up to hit the roads this month (September) and cycle more than 400 miles to raise £150,000 for charity.
Peter Vardy Group has celebrated record annual financial results for a period which it sold its SilverBullet online retail software division and exited the Vauxhall franchise to focus on used car sales.
Car retailers will have their energy prices capped as part of a six-month business support plan outlined by Business Secretary Jacob Rees-Mogg today (September 21).
Cox Automotive Europe has told car retailers to focus on “potential storms” ahead as they continue to balance limited vehicle supplies with faltering consumer demand.
Pendragon chief executive Bill Berman has spoken to the car retail PLC’s “continued momentum” after delivering an “encouraging” set of financial results for the first half of 2022.
More than a dozen new and innovative suppliers have signed up to exhibit at Automotive Management Live 2022, the annual exhibition at Birmingham's NEC for the UK's motor retail industry.
Lookers has affirmed that it has no plans to close its Motherwell Land Rover dealership after an AM-online report incorrectly stated that the site was being considered for redevelopment.
Steven Eagell Group chief executive Steven Eagell has told AM how his role in the AM100 car retail business recruits “better than me” to ensure it has the skill set to succeed.
The UK ‘s car retailers are Europe’s ‘most trusted’ according to a survey which concluded the situation could leave car buyers “more vulnerable to scams”.
Car retailers have been told “there can be no compromise” when it comes to the technology leveraged to ensure compliance with the Financial Conduct Authority’s (FCA) new Consumer Duty.
Lookers' director of group operations Paul Bentley has revealed that he is taking “time out” to pin-point his next challenge after departing the AM100 car retail PLC.
The UK remains the only European country to experience a decline in used car values during 2022, according to Indicata.
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A luxury and premium car retailer suffered an estimated £30,000 loss after a London solicitor exploited distance selling regulations to gain full refunds on two Tesla EVs he had owned for over a year.
Tributes to Queen Elizabeth II for her lifelong support of, and interest in, the UK's automotive sector feature in the September 2022 issue of AM magazine, available to read here free in digital format.
