Industry
Profit dropped £16m at JCT600 in 2024 but company remains positive with ‘overall excellent performance’
Car dealer group JCT600 made a profit of £20.2m before tax in the year ending December 2024, but this figure and turnover were both down on the previous year.
Weekly Briefing: Just how does Arnold Clark make so much cash?
In this week’s Car Dealer Briefing James Baggott rounds up the motor trade news you cannot afford to miss.
WhatsApp group launched to showcase used car bargains for dealers
Innovative new trading platform Dealerway has launched an exclusive WhatsApp group for used car buyers.
Nearly a quarter of new car registrations in June were battery-electric vehicles
June saw battery-electric vehicles account for nearly a quarter (24.8%) of new car registrations, according to the latest figures from the SMMT. The new
Former Lookers director Nigel McMinn snaps up automotive recruitment firm
Former Lookers director Nigel McMinn has snapped up a majority shareholding in automotive recruitment company Pybus.
Volvo and Lotus owner Geely Auto to launch as standalone brand in the UK
Volvo owner Geely Auto is to launch as a standalone brand in the UK with a new electric SUV expected to arrive later this year.
Hyundai accuses its own dealer partner of publishing ‘factual inaccuracies’ over showroom closure
Hyundai has accused one of its own dealer partners of publishing ‘factual inaccuracies’ after the brand terminated one of its sites.
Lender V12 to pull car finance products after parent company withdraws funding
Lender V12 is to pull out of the motor finance industry after parent company Secure Trust Bank decided to withdraw funding.
Nissan recalls over 440,000 vehicles. See the impacted models.
Nissan said in its announcement that a failed engine can lead to a “loss of motive power" and increase the risk of a crash.
The bestselling cars by state in 2024: From CR-V to Tacoma, see what America drives
We see a stream of ads touting the country’s bestselling vehicles, but what about in each state? Take a guess at what your fellow Americans drive.
Rivian Q2 deliveries drop 22% amid tariff pressures and EV demand slowdown
Rivian delivered 10,661 vehicles in the quarter ended June 30, a fall of 22.7% from the same quarter last year.
McLaren confirms Luca di Montezemolo on new board
The rumours were true - legendary Ferrari boss is now on Woking Board of Directors
Arnold Clark saw revenue soar to £5.2bn in 2024 but bosses warn 2025 tax increases will cost £30m
Arnold Clark saw chunky rises in revenue and pre-tax profit last year, but warned that its finances will be clobbered by £30m thanks to tax increases announced in the Autumn Budget.
Used car market enjoys ‘stable’ June with prices flatlining for third month in a row
The used car market remained stable in June with prices flatlining for the third month in a row.
Hertz’s new AI scanners charge renters instantly, even for tiny scratches
Barely two months into the scanners' initial deployment at real-world Hertz facilities, there's already a problem.
GM recalls 40,000 Chevrolet vehicles over brake issue
Multiple drivers complained about receiving error messages or experiencing an inability to shift out of park while attempting to drive.