Carwow has launched its first subscription payment model for dealer partners that retail used cars via its platform. Available now, the platform is providing a cost-effective route to reaching millions of car-changing consumers with high levels of purchase intent. John Veichmanis, Carwow Chief Executive Officer, said: “Nine million people change their car every year in… Continue reading Carwow launches subscription model for dealers
Author: Motor Trader Online News
Standout Capital investment in Tjekvik to boost development of solutions for dealers
Standout Capital has invested in Tjekvik and become a majority shareholder in the aftermarket solutions company. The company’s founder and management team will retain a significant shareholding in the company and continue to implement future strategy. The investment will help Tjekvik to accelerate the development of new solutions and meet demand for its solutions as… Continue reading Standout Capital investment in Tjekvik to boost development of solutions for dealers
Top three regulatory challenges for dealers in 2025
In this edition of MILS Legal Surgery, Professor Henry Blair takes a close look at three big-ticket issues that dealers should have on your radar in the year ahead. Q: What’s new with Johnson and the discretionary commissions mess? A: Not long ago, the Court of Appeal’s decision in Johnson v FirstRand Bank Ltd, Wrench… Continue reading Top three regulatory challenges for dealers in 2025
Dealers warned to review safety procedure following MOT centre incident involving child
New Auto Tech Limited was fined £10,000 and ordered to pay costs of £6,810 at a hearing at Westminster Magistrates Court on 10 January 2025, following an incident where a child sustained life changing injuries from being crushed by a car. An investigation by the Health and Safety Executive (HSE) found that New Auto Tech… Continue reading Dealers warned to review safety procedure following MOT centre incident involving child
Ford terminates over 50 retail dealers at start of 2025
Ford terminated more than 50 retail dealers in January as part of its restructuring of the network. All but three of the dealers have retained their authorised repairer status, Ford told Motor Trader. Back in 2020 Ford announced that it was going to reduce its network of sales outlets in half over the next five… Continue reading Ford terminates over 50 retail dealers at start of 2025
Stellantis dealers attend annual conference in Manchester
Stellantis UK has held its annual conference at Manchester Central Convention Centre with 1,000 retailer guests and employees coming together over three days to hear plans for each of the group’s nine vehicle brands. Updates were also given regarding the wider organisation with focused sessions on Leasys (Leasing), Distrigo (parts distribution) and Stellantis Financial Services. … Continue reading Stellantis dealers attend annual conference in Manchester
Majority of dealers in the US uncertain about using AI
The majority of dealers in the US are uncertain about using AI in their business. That’s the finding of a Lotlinx which found that 78% of US car dealerships are uncertain about using predictive data, with only 5% implementing AI. Despite challenges, 80% plan to adopt AI by 2025. The survey, which involved over… Continue reading Majority of dealers in the US uncertain about using AI
Dealers brace for further ‘significant falls’ in pick-up sales
Dealers are bracing for a sharp fall in pick-ups in 2025 following the government hike in taxation announced in the Budget last year. Sales are already in decline, down -8.3% in 2024 and this looks likely to accelerate this year, according to the Society of Motor Manufacturers & Traders, which released van sales figures today.… Continue reading Dealers brace for further ‘significant falls’ in pick-up sales
TMS Motor Group acquires Loughborough Kia
TMS Motor Group has acquired Loughborough Kia and strengthened its presence in Leicestershire. Oli Johnson hands over the keys from one family to another. The service offered by Kia Loughborough is now bolstered by the enhanced offerings and greater choice of vehicles from TMS Motor Group. Len Hallows, MD, said: “We are thrilled to welcome… Continue reading TMS Motor Group acquires Loughborough Kia
Dealers welcome consultation on ZEV Mandate
Car retailers and the motor sector have welcomed the government’s decision to launch a consultation on the ZEV Mandate. The Mandate has come under attack for the past 12 months for failing to support the manufacture and sales of electric vehicles. The consultation will look at the phasing out sales of new petrol and diesel… Continue reading Dealers welcome consultation on ZEV Mandate