Car Dealer

Electric car maker Tesla saw its year-on-year operating income plummet by 42 per cent in Q2, from $1.6 billion (£1.18bn) to $923 million (£683m), according to the company’s latest earnings statement.

Volkswagen Group has issued profit warnings after a sharp decline in second-quarter net profit, led by the impact of US import tariffs, and a subsequent weak performance from premium brands Porsche and Audi.

The launch of the electric Range Rover, which has been on the cards for three years, has been delayed yet again, with parent company JLR writing to customers waiting for the model to inform them that deliveries will not start until next year, after initia...

Tesla is still feeling the effects of Elon Musk’s move into politics a year ago as both sales and profits dropped sharply again in the latest quarter.

Europe’s new car market went into reverse in June, as monthly registrations dropped by 4.4% year-on-year to 1,250,868 units.

Demand for used vans is up by 9.3 per cent year on year despite a slowdown in the new van market, according to one of the UK’s leading auction groups.

Chinese car maker BYD will delay mass production at its new electric vehicle factory in Hungary until 2026 and will run the plant at below capacity for at least the first two years, according to reports from news agency Reuters.

The overall car sales market is set to reach a new peak in 2025 with 9.75 million sales, according to the latest forecast from Auto Trader.

Production of new cars and vans has fallen by almost 12 per cent in the first half of 2025, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).

Alfa Romeo is the first non-Chinese brand to offer incentivised discounts on its electric models, ahead of official EV Grant details being finalised.

The USA’s biggest car maker, General Motors, has claimed that President Donald Trump’s tariffs knocked $1.1bn (£813m) off its operating income in its last quarter.

Shares in automotive companies have boomed after US President Donald Trump struck a trade deal with Japan.

The launch of the electric Range Rover, which has been on the cards for three years, has been delayed yet again, with parent company JLR writing to customers waiting for the model to inform them that deliveries will not start until next year, after initia...

Despite booming car sales and leadership of the European new electric car market, Renault has posted zero growth in Q2 after a plunge in demand for vans offset growth in its passenger car range.

Two Chinese electric car manufacturers have reacted to confusion over the government’s EV Grant, offering discounts ahead of grant scheme elgibility details being officially confirmed.

Administrators for failed dealer group Marsh Holdings, which held major motorcycle franchises in Devon as well as a used car dealership, have said that over £2m of debts run up by the company will remain unpaid