Mike Allen, managing director of Cambria Private Capital, discusses the withdrawal of Cazoo from the used car market and its pivot into an online marketplace
The lack of new car supply over recent years will significantly impact the UK’s car supermarkets next year who will struggle to secure used cars in the 3–5-year age bracket.
The used car supermarket chain Big Motoring World has driven annual income past its pre-pandemic levels, recording £10,953,122 pre-tax profit in its recently published accounts for 2022.
The winner of the 2023 AM Award for EV Dealership of the Year, FOW Car Supermarket, has adapted its strategy to optimise the sale of electric vehicles (EVs), both digitally and instore.
The Motorpoint used car supermarket group has revealed record revenues totalling £1.44 billion from its 2022 financial year in a trading update published this morning (April 6).
Big Motoring World is hoping to score an ace with the opening of a new used car supermarket site in Wimbledon – its sixth location in a growing retail network.
Former Motorpoint operations director Paul Winfield has died, aged 68, prompting a flurry of tributes to an “inspirational” and “lovely human”.
Premier Car Supermarket has expanded into Kettering with the completion of the new facility on a 3.55-acre site at Cransley Park.
Motorpoint chief executive Mark Carpenter has insisted the car supermarket group will succeed in its goal of becoming a “highly profitable market leader” despite faltering finance commissions and used vehicle margins.
RRG and Norton Way owner Marubeni Auto Investment has completed the acquisition of a majority shareholding in three-site used car supermarket business HPL Motors Group.
A trio of talented car retail sector employees from Hippo Motor Group have scooped a hat-trick of accolades at an annual business awards event.
The Car Group has doubled its footprint with the acquisition of a former Vauxhall Motors premises in Ellesmere Port.
The Available Car used car supermarket group has warned of “significant challenges ahead” despite delivering a 72% rise in pre-tax profit and 29.8% uplift in turnover in 2021.
Motorpoint officially opens the doors to its new used car supermarket site in Edinburgh today (September 30) – its 18th retail location in a growing network.
Inchcape has grown its bravoauto used car supermarket division with the opening of a new store in Sytner’s former Volkswagen and CarShop Express dealership in Halifax.
A Trade Centre Group radio advert which claimed that the retailer was offering “hundreds of cars” for sale with finance repayments of £20-per-week has been banned by the Advertising Standards Agency (ASA).
Motorpoint is set to double its used car supermarket footprint in Scotland with the opening of a new location in Edinburgh.
Used car dealer group Motorpoint has more than doubled its profits year-on-year, bringing them back to levels last seen before the pandemic.
Inchcape has expanded its used car retail division with the opening of new stores in Stoke-on-Trent and Guildford.
