Sales of cars across Europe last year rose 14% to 12.8 million units the highest level since the pandemic. Much of the growth in Europe’s new car market in 2023 was driven by BEVs, which accounted for 15.7% of total market share with 2,011,209 units registered. But, like the UK, BEV sales are being driven… Continue reading Slow retail BEV sales across Europe is ‘major hurdle’ for dealers
Author: Motor Trader Online News
Platinum Motor Group buys Pebley Beach
Trowbridge-based Platinum Motor Group has acquired the Pebley Beach dealer group for an undisclosed sum. Pebley Beach operates Hyundai and Suzuki dealerships in Swindon and a solus Suzuki dealership in Cirencester. The businesses will be renamed Platinum Hyundai and Suzuki at some point. Platinum already represents Hyundai in Trowbridge and Chippenham and said the addition… Continue reading Platinum Motor Group buys Pebley Beach
Carwow buys Autovia print and digital business for undisclosed sum
Carwow has bought print and digital media company Autovia for an undisclosed sum. Autovia owns consumer motoring brands Auto Express, evo, DrivingElectric and Carbuyer and an annual automotive satisfaction survey, Driver Power. The aim is to extend Carwow’s audience reach and boost business with dealers and carmakers. Carwow already has huge consumer reach with its… Continue reading Carwow buys Autovia print and digital business for undisclosed sum
Carwow reveals cars dealers wanted most on its platform in 2023
Carwow has revealed its list of the top 10 individual lots that attracted the most interest from individual dealers at its dealer auctions. A 2017 Ford Fiesta came first in the rankings with 31 offers from dealers, followed in joint second by an Audi S4 and a Volkswagen Golf-R with 28 bidders. Joint fourth place… Continue reading Carwow reveals cars dealers wanted most on its platform in 2023
Half of UK dealers use social media to drive sales in 2024
Almost half of dealers (48%) are planning to use social media to drive sales during 2024, new research shows. The February Startline Used Car Tracker asked car retailers which strategies they planned to use to maximise sales this year. Other answers included offering bigger discounts (38%), encouraging customers to change their cars earlier (36%) and… Continue reading Half of UK dealers use social media to drive sales in 2024
Cazoo sells 36-acre Cold Meece site to Greenhous
Cazoo has sold a 36-acre site in Cold Meece to Greenhous Group for an undisclosed sum. It is the latest in a number of acquisitions which has seen Greenhous Group grow its UK footprint to over 200 acres following similar acquisitions in Upper Heyford and Livingston in the last 12-months alone. Greenhous had previously sold… Continue reading Cazoo sells 36-acre Cold Meece site to Greenhous
Dealers brace for surge of enquiries on motor finance
Dealers and motor finance houses can expect motor finance to shoot up the agenda as Money Saving Expert finance specialist Martin Lewis launches a new campaign highlighting commission payments. In January the Financial Conduct Authority (FCA) said it was going to investigate historical cases of motor finance companies not paying out compensation to customers for… Continue reading Dealers brace for surge of enquiries on motor finance
Steer Automotive buys Lovells and Pronto 11 bodyshops
Steer Automotive Group has acquired Lovells Auto Body Centres and Pronto Accident Repair Centres for an undisclosed sum. Lovells and Pronto’s have 11 bodyshops across the East of England complements the current East Midlands’ footprint. Lovells Auto Body Centre emerged in 1972 from the Lovells family garage which was first established in Peterborough during the… Continue reading Steer Automotive buys Lovells and Pronto 11 bodyshops
KGM Motors UK dealers celebrate Long Service Awards
KGM Motors UK, which recently rebranded from SsangYong Motors UK, has awarded its longest serving dealers at a “Dealer Recognition Awards” event held at the Royal Lancaster hotel in London on 27th January, 2024. The award recipients earned praise for their length of service of up to 20-years with the brand. Kevin Griffin, managing director at… Continue reading KGM Motors UK dealers celebrate Long Service Awards
JCB Group buys Ashford Orbital Kia, Mazda and Suzuki dealerships
JCB Group has acquired Ashford Orbital and its Kia, Mazda and Suzuki dealerships on a 2.5 acre site in Ashford for an undisclosed sum. The move follows hard on the phrchgase of Tunbridge Wells Volkswagen in December. JCB is ranked 79 in the Motor Trader Top 200 Dealer Groups with annual turnover of £192.5m. Ashford Orbital… Continue reading JCB Group buys Ashford Orbital Kia, Mazda and Suzuki dealerships