Lookers set to cut more jobs as staff criticise ‘appalling business’ since Canadian takeover Are job losses on the way at Group 1 Automotive? Insider says car dealer is ‘knee deep’ in cuts ‘Firebreak’ – Jaguar says pulling new cars from sale was ‘strategic decision’ not a mistake Martin Lewis says car finance scandal could double in size as FCA extends scope of investigation Court of Appeal judgement leads FCA to consider extending current pause in DCAs Dieselgate comes back to haunt car companies as new recalls are predicted
Jaguar stops selling new cars in the UK as brand readies rebirth in 2026 Auto Trader looks to ‘revolutionise automotive retailing’ with new AI platform for car dealers Auto Trader Group sees boost in revenue and profits despite Autorama losses Tesla’s self-service test drives could remove the need for dealers in future Marshall Motor Group sees profits plummet in latest set of accounts Supercar salesman wins unfair dismissal case after asking boss ‘do you want to fight me?’ Close Brothers resumes underwriting new finance deals after landmark court ruling
FCA needs to answer serious questions over car finance Court of Appeal decision ‘Chaos’: Car finance grinding to a halt in wake of Court of Appeal decision – but what happens next? Has the government quietly reinstated the 2030 petrol and diesel car ban? Lookers crashes to £1.8m loss as delayed accounts reveal impact of Global Auto Holdings takeover Dealer management systems provider Pinewood rebrands to bring AI to the fore Vertu Motors continues bumper year by acquiring family-run Burrows Motor Company
ZEV mandate dubbed ‘political suicide’ in House of Lords debate on electric vehicles SMMT repeats calls for incentives on new EVs as UK manufacturing slumps by over 20% MG is hottest EV brand on Auto Trader in October as carmakers slash prices of new cars Volkswagen Finance fined £5.4m after FCA rules it failed to treat vulnerable customers fairly Government cracks down on fake vehicle parts amid rise in ‘life-threatening’ fake products Used Car Awards 2024 Shortlist: Who has made the cut this year? Cupra lures EV customers with no-quibble trial as brand looks to comply with ZEV mandate Out now: Our 200th issue of Car Dealer PLUS Road Test of the Year 2024
Join Jon Reay, James Baggott, James Batchelor and Jack Evans as we discuss the best cars from our Road Test of the Year feature. Read the full feature in Issue 200 of Car Dealer Magazine: https://issuu.com/blackballmedia/docs/car_dealer_magazine_issue_200
Outspoken Stellantis boss Maria Grazia Davino leaves company with immediate effect Vertu to axe Bristol Street Motors and Macklin Motors names as it delivers strong half-year results Vauxhall ‘super confident’ of hitting ZEV targets this year, says managing director The Paris Motor Show is back and these are the exciting new cars which have caught our eye FCA launches ANOTHER automotive investigation as attention turns to insurance costs Chinese car maker MG pays out £23.9m dividend as car sales rocket to £1.4bn in 2023
Average discounts on EVs are now almost double what they are on ICE vehicles Stellantis CEO Carlos Tavares to retire as carmaker announces major reshuffle of top team Big Motoring World posts slashed profits in last full year under the control of Peter Waddell Amari Supercars sees profits dip as income from luxury vehicle sales takes a slide Ineos slams brakes on Grenadier assembly due to supplier issues: What went wrong? Carwow Group acquires Gridserve EV leasing business to further grow its offering
Sytner boss Darren Edwards announces retirement after illustrious 40-year career Ford boss rules out restricting supply of petrol and diesel cars to dealers to meet eco targets Carmakers and SMMT lobby Government to cut VAT on new EVs amid ‘barely moving’ demand Peter Waddell launches unfair dismissal case against Big Motoring World Car auction site Motorway clocks up £30.8m loss for 2023 in year of ‘strong growth’ Carwow cuts losses by 45% – but is still in the red by £16m in 2023 ‘The Ties They Are A-Changing’: Vertu boss announces switch from traditional staff uniform
Time for motor trade to move past agency model ‘false dawn’ – Cox Automotive Eastern Western sees profits slide as Mercedes’ agency sales model sucks £50m from revenue MG named the most unreliable used car brand as top 10 worst manufacturers revealed FCA officially extends pause on complaints handling in motor finance commission scandal Tesla Model 3 named UK’s most efficient new EV as What Car? puts vehicles to the test Average used car price rises to £17,445 as Motors publishes latest Market Insight report
Automotive industry reacts to 2030 U-turn as bosses welcome closer government engagement Bosses at family-run Vospers warn of automotive ‘trade war’ as profits slump in latest accounts Jaguar dealers in for a ‘messy year’, says JLR boss Rawdon Glover Boss Jon Wakefield leaves dealer group Harwoods with immediate effect Big Motoring World ‘consolidates’ business by closing Peterborough Werrington used car supermarket
Dealers vital ‘pillars’ to success for Chinese newcomers Omoda and Jaecoo Volvo boss says firm won’t launch an unfinished car again as EX90 rolls out missing tech Carmakers could be fined billions for failing to hit strict CO2 targets due to falling EV sales US giant Lithia’s new UK business saw pre-tax profit plummet in 2023 after major acquisitions Sudden closure of Letchworth car auction business leaves car dealers out of pocket Dale Wyatt to take early retirement from top role at Suzuki GB
Polestar UK abandons agency sales model as it looks to increase sales Used car dealer wins legal fight against customer who exploited distance-selling loophole Volvo ditches target of only selling purely electric cars by 2030 Former Volkswagen boss faces up to 10 years in jail as trial over emissions rigging starts Volvo ditches target of only selling purely electric cars by 2030
In this special one-off episode, brought to you in association with Motorway, our regular Car Dealer Podcast hosts are joined by three experts to discuss our favourite stories of the year. Mike Brewer of Wheeler Dealers, Estelle Miller of EV Experts, and Sean Kelly of Vines Group bring their respective expertise to Podcast Live – all recorded in front of a live audience made up of fellow members of the motor trade. Stories discussed in this podcast: Confirmed: Failed used car dealer Cazoo enters into administration as voluntary liquidation looms Stellantis boss on potentially pulling UK production, her love for the 2030 ban and what she needs to fix next Video: Omoda and Jaecoo brands aiming for 100 dealers and 10,000 sales in UK by end of 2024
Wheeler Dealer star Mike Brewer joins our Podcast Live line-up – get your tickets here Video: Used car prices slipped by ‘just’ 0.6% in August as strong demand propped up values Vauxhall becomes first carmaker to price an electric model the same as a petrol Family-owned Alan Day Motor Group to open BYD dealership in London Family-owned Peter Cooper Motor Group signs up with Omoda and Jaecoo Car dealer Robin Luscombe raises £23,000 for prostate cancer as he speaks out on his own battle Ford of Britain’s TrustFord dealer group saw profits slide by over 42% in 2023
Two weeks to go to our social gathering for the motor trade: Car Dealer Podcast Live 2024 Ex-Lookers chief operating officer Duncan McPhee joining Hendy Group in same role Heavy discounting of electric models likely as manufacturers grapple with ZEV mandate FCA renews warning over value for money in Gap insurance sector Aug 21: Company insolvencies rise; Fiat’s Panda cull; Facebook ad changes; Audi RS3 updated Aug 23: Consumer optimism falls; Higher energy bills; Vauxhall’s Mokka for coffee lovers
Sun Motors launches with aim of shaking up UK’s car-buying and financing landscape Jaguar dealers will have no new cars to sell in 2025 as carmaker readies luxury electric GT for ’26 Changes to EV incentives could harm take-up, warns motor finance firm New car sales will be ‘extremely challenging’ in Q4 as ZEV mandate is set to bite hard Second special guest announced for Car Dealer Podcast Live event – book tickets here
Second special guest announced for Car Dealer Podcast Live event – book tickets here Subaru is voted best car brand by owners as buyers deliver brutal verdict on MG New car registrations rose in July, but falling consumer demand is a ‘concern’ – SMMT Motors paid ‘up to £5m’ for Cazoo brand after online used car dealer tried desperately to sell it Shortfall of EV technicians is predicted to reach 16,000 by 2035 Top automotive industry figures unite to continue unique collaboration
‘The police don’t want to know’: Wheeler Dealer Mike Brewer on how motor traders can protect themselves from scams Dacia Sandero named Europe’s best-selling car for the first half of this year US giant Group 1 completes £346m Inchcape acquisition, doubling its UK footprint Mark Raban expected to take helm of combined Inchcape and Group 1 Automotive UK business Inchcape post strong half-year results as it moves away from retail to distribution Used car prices fell 0.4% in July while second-hand EVs had strongest month so far in 2024 FCA extends pause on complaints handling in motor finance commission scandal Used EV dealer Estelle Miller to take the stage at Car Dealer Podcast Live – book tickets here
Used EV dealer Estelle Miller to take the stage at Car Dealer Podcast Live – book tickets here SMMT wants ‘flexibility’ on 2030 ban with several brands currently ‘struggling to comply’ Used car dealer Sentinel Cars put into administration owing creditors nearly £7m Honda e:Ny1 back on top as ‘hottest’ new car on Auto Trader, thanks to big affordability push Sytner completes the rebrand of nine CarShop used car supermarkets Is the online-only model dead? Car Dealer asks the experts as Cinch opens used car sites Big Motoring World completes deal for used car supermarket sites from axed Carshop brand
Cinch launching used car dealerships across the UK with first one on former Cazoo site Cazoo administrators blame ‘aggressive expansion strategies’ as documents reveal nearly £260m of unsecured debt Only 1 in 7 of today’s Chinese EV brands will be profitable by the end of the decade, analyst claims Young people want to buy used cars but they are being ‘priced off the road’ – survey JLR will cut five Jaguar models to boost profits – F-Pace to remain sole Jag until 2025 CDK Global is said to have paid $25m crypto ransom to cyber-criminals after major hack
Margaret L. Maher
Hi, I love your podcast. The automotive industry is constantly evolving, and the future of new car sales is uncertain. Would like to draw your attention to https://www.asset.accountant/blog/ato-rules-luxury-vehicles-and-depreciation-for-vehicles/ the luxury car depreciation limit. While it's unlikely that all car dealers will have no new car sales in 2025, it's possible that some may face challenges.
Chad Rourke
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