Ron Brooks Group has celebrated record financial performance in 2021, with turnover up 15.3% and pre-tax profit surge of 67% ahead of its 60th anniversary year.
Dealer attitudes suggest a level of uncertainty about a 2022 car retail market increasingly defined by vehicle availability, the transition to electric vehicles (EV) and moves from manufacturers towards an agency franchise model.
Newly published motor finance market data from the Finance and Leasing Association (FLA) have revealed that business volumes rose by a third in November.
Car dealers “smashed” historical automotive retail trends to record a net £50,000 profit in November, according to the latest sector KPIs published by ASE.
Electric vehicle (EV) leasing company, DriveElectric, predicts that at least 330,000 new battery electric vehicles (BEVs) will be registered in the UK in 2022.
A quarter (25%) of UK car dealers have emerged from the festive break with staff absence of over 15% as the Omicron variant of COVID-19 continued to grow cases, an AM poll has shown.
New car registrations rose just 1% in 2021 as tougher trading arrangements, accelerating technology shifts and decimated supply stalled the sector’s recovery from COVID-19.
Franchised car retailers should be working hard to secure new car supplies early with a Q1 2022 marketing and sales events push, according to MotorVise Automotive’s Fraser Brown.
Rising cases of the Omicron variant of COVID-19 are exposing anti-vaxxers as the car retail sector’s biggest business disruptor, it has been claimed.
After what he described as a "topsy turvey" year for automotive, EY UK & Ireland automotive leader, David Borland, suggests electric vehicles (EV) will hold the key to recovery in 2022.
Government’s ‘Plan B’ to mitigate against the approaching “tidal wave” of cases of the Omicron variant of COVID-19 have done little to dampen rising used car values, according to Auto Trader.
Calls have been issued for renewed Government support for retail businesses after Prime Minister Boris Johnson re-issued “work at home” advice amid rising cases pf Omicron COVID-19 variant.
As certain used cars were hit by “significant price decreases” in November Cox Automotive has asserted that prices will never dip back to pre-pandemic levels.
The UK’s car manufacturing output slumped 41.4% year-on-year in October as an “extremely worrying” continuation of the semiconductor shortages continued to play out.
When Michael Bell took the chief executive’s chair of the family business, Available Car, in 2019, he could never have anticipated quite the baptism of fire that was coming.
In his latest 'Viewpoint' opinion article for AM, Professor Jim Saker reflects on the positive impact that COVID-19 safety measures have had on customer experience in car retail.
As the automotive industry moves forward, the team at Automotive Management (AM) is dedicated to delivering events and facilitating gatherings with health and safety at the top of the agenda.
BDO’s newly-published 2021 Motor Salary Survey has shown that vehicle technicians were the biggest wage increase winners in 2021 as the sector’s average pay rose 5% to almost £42,000.
The decline on new cars sales, caused by the coronavirus pandemic and the semiconductor shortage, in the last two years is estimated to have cost the aftersales sector £600 million.
Inchcape Retail suffered a near tenfold year-on-year decline in profitability as it revealed a £76.4m pre-tax loss in annual financial results for its COVID-19 impacted 2020 trading period.
