Industry
IMDA calls for grants on used EVs to support independent dealers
The Independent Motor Dealers Association has issued a strong response to the Government’s recent electric vehicle (EV) grant announcement – welcoming support for the new car sector, while raising serious concerns for the used EV market.
Tesla Model 3 is fastest-selling used car in July – Auto Trader
The Tesla Model 3 is currently the UK’s fastest selling used car between three and five years old, according to data from online sales platform Auto Trader.
Nissan Is In Financial Trouble. Now It May Lose an Important Part of its Manufacturing History
Nissan could close two plants in Mexico as part of its recovery plan to reduce costs, as the company faces a dire financial situation. Here’s what we know.
Lexus Has Only Sold 248 LC Hybrids—Ever
Lexus recently discontinued the LC Hybrid after slow sales. The company confirmed to Motor1 that it has only sold 248 LC Hybrids. Ever.
Renault ‘embraces competition’ amid Chinese-made car onslaught
Renault has to ‘learn from the competition’ as it launches a succession of electric vehicles as a vast number of Chinese-made alternatives enter the market.
UK banks’ financial results in spotlight as lenders await critical motor finance court ruling
UK banks’ financial results will be in the spotlight this week as lenders await the outcome of a critical court judgment that could open the tap on car finance compensation payouts.
Vauxhall owner Stellantis reports €2.3bn loss from tariff impacts and market uncertainty
Global carmaker Stellantis, which owns the Peugeot, Citroen, Vauxhall, Opel, Fiat, Alfa Romeo, Dodge, RAM, Chrysler, Abarth and Lancia brands, has reported a loss of €2.3 billion (£2.01bn/US $2.7bn) in the first six months of 2025.
Ford Kuga and Volvo XC90 prove most profitable used models for dealers in June
Trade-to-trade platform Dealer Auction has revealed that the Ford Kuga offered dealers the highest profit potential in the sub-£10,000 retail bracket in June.
Almost 40 per cent of car buyers would now consider an EV; charging costs remain an issue
New research following the announcement of the Government’s latest Electric Car Grant has shown that 38 per cent of car buyers would consider buying a new EV before the grant scheme ends in 2028, with 65 per cent of those aged under 35 saying they will bu...
Big Surprise: Stellantis Is Set to Lose Insane Amounts of Money Over Tariffs
Jeep and Ram parent company Stellantis blamed tariffs in the US, lower fleet sales, and product transition factors in Europe for the 6% decline in deliveries.
Mitsubishi invests nearly $1 billion in salmon farming to diversify beyond fossil fuels
Faced with volatile fossil fuel markets and seeking stable revenue streams, Mitsubishi and its rivals have been diversifying into the food business.
Jeep dealer offers 99-cent lease on Wagoneer EV
Yeah, there’s a catch or two, but this Oregon dealer is still offering a good deal on an expensive EV.
Lookers Skoda employee who stole nearly £22,000 from customers is jailed
A sales advisor at a Lookers dealership who nearly £22,000 from her workplace to bankroll a luxury lifestyle beyond her means has been jailed.
Weekly Briefing: Why some car dealers are cursing complicated EV grant
In this week’s Car Dealer Briefing James Baggott rounds up the motor trade news you cannot afford to miss.
Car supermarket Fords of Winsford sets new sales record in first half of 2025
Fords of Winsford has clocked up record sales in the first half of 2025, beating all previous records dating back to its founding in 1959.
Leapmotor jumps government Electric Car Grant by slashing prices with own scheme
While uncertainty remains over whether Chinese-made cars will qualify for the government’s new Electric Car Grant (ECG), Leapmotor has decided to take matters into its own hands.