An historic family-run used car dealer is to close down after the long-standing owners took the decision to retire.
Family-run Lloyd Motor Group saw turnover creep towards the £1bn mark last year, but pre-tax profit slipped by over 14%.
A month after the launch of the Electric Car Grant there are still no EVs eligible for the full £3,750 discount.
Luxury car dealer H.R. Owen has expanded its network of high-end showrooms with the opening of a new Lotus site opposite London’s famous Ritz Hotel.
Motorway has extended the time that retailers have to bid in its online auctions as part of a drive to ‘better align with dealer business hours’.
Bumper has raised more than £8m in equity funding with some of the biggest names in the automotive industry agreeing to back the repair finance firm.
Family-run car dealer Vospers saw its profits wiped out in a ‘challenging’ 2024, with the firm slipping to a pre-tax loss.
Polestar has added to its UK dealer network with the opening of a new site in Kent.
The Mercedes-Benz C-Class gave dealers the highest retail margin in the sub-£10k retail bracket last month, while Land Rover continued to be most profitable brand.
Williams Motor Group has seen its profits fall for the second year in a row with the retailer becoming the latest firm to feel the impact of strong economic headwinds throughout 2024.
A House of Lords committee has raised concerns over the Financial Conduct Authority’s proposed redress scheme for customers who were mis-sold motor finance.
Snows Motor Group’s Peugeot Basingstoke dealership has been recognised and praised by the French carmaker with a prestigious award.
JLR (Jaguar Land Rover) saw profits nearly cut in half after sales slipped and US trade tariffs began to bite.
Popular used car dealer and YouTube star Joe Betty has announced he is shutting down his car dealership.
Ford’s UK dealer group turned around its fortunes last year, posting steady rises in revenue and pre-tax profit.
