Industry
Seven more EVs added to government’s Electric Car Grant – but they only get £1,500 price cut
Another trickle of EVs have become eligible for the government’s £650m Electric Car Grant (ECG) amid industry frustration with the ‘confusing’ incentive scheme.
JLR left unable to register cars on new plate day as global IT issue wreaks havoc
It’s traditionally one of the busiest days of the automotive calendar but a global IT issue left JLR dealers unable to register cars on new plate day.
Research reveals just SIX electric cars could qualify for the full £3,750 Electric Car Grant
Detailed research by Car Dealer Magazine reveals there could be just TWO electric cars available for the full Electric Car Grant for months.
Video: Dealers hold used car prices firm in August as values barely budge
Used car prices at car dealerships have barely moved in the last month as dealers hold their own in the face of reduced supply.
Dealer group Arnold Clark offers £750 incentive on used cars with own Electric Car Grant
While carmakers are grappling with the government’s Electric Car Grant on the sale of new electric cars, dealer group Arnold Clark is incentivising sales of used EVs.
Lotus confirms significant half-year losses with up to 550 UK job cuts on the horizon at the sports car maker
Just 2,813 Lotus cars were sold in the first half of the year, down 43% on the 4,904 recorded between January and the end of June in 2024.
Chery to launch in UK with 25 sites as boss admits success of Omoda & Jaecoo has ‘surprised’
Bosses of Chery UK have admitted that the runaway success of Omoda and Jaecoo models in the UK came as something of a surprise, even to them.
Motors reports ‘stable’ used car market in August as demand holds firm over summer
The used car market enjoyed a ‘stable’ month in August with prices, days to sell and stock levels all holding firm.
Toyota named UK’s most reliable car brand as famous British marque slumps to bottom of rankings
Toyota has been named the UK’s most reliable car brand but two famous British names have slumped to the bottom of the rankings.
Richmond Motor Group grows Hyundai partnership with Everton Garage takeover
Richmond Motor Group has expanded it partnership with Hyundai by completing the takeover of Everton Garage in Lymington.
Brayleys-owner completes Johnsons Cars buy-out in bid to join UK’s top 10 dealer groups
The deal is done – Brayleys-owner Athenaeum International Holdings has completed its acquisition of dealer group Johnsons Cars.
Porsche CEO Oliver Blume Steps Down Amid Company Turmoil
Porsche finds itself in one of the toughest moments in its recent history. The iconic sports car maker is undergoing a major leadership shakeup. Oliver Blume, the current CEO, will leave his role at Porsche to focus solely on leading the vast Volkswagen G...
Tesla’s Sales in Europe Continue to Slide as BYD Doubles Its Market Presence
Tesla’s grip on the European electric vehicle (EV) market is weakening, with sales plunging by 36.7% in the first quarter of 2024. This sharp decline signals a growing challenge for the American EV giant, which now faces a real risk of fading from promine...
Lotus set to slash UK workforce as sports car maker puts 550 jobs at risk
Lotus is to slash the workforce at its Norfolk car building plant with as many as 550 jobs set to be axed.
Mercedes specialist Sandown Motors becomes latest car dealer to report falling profits in 2024
Bosses at Sandown Motors say the firm enjoyed a ‘satisfactory’ year in 2024, despite it becoming the latest dealer group to report a dip in profits.
Family-owned Brindley Group agrees deal to add Genesis to Cannock Hyundai site
Genesis has added a new car dealer to its list of retail partners after signing a franchise agreement with Brindley Group.