Editor’s Choice

Mercedes-Benz UK said last week it was “delighted” with the initial feedback on the Agency model introduced in January. The new agency dealer model launched in January was achieving a customer rating of 4.7 out of five. In a release to highlight the new model Savage said it was a “highly exciting” time for the brand and its dealers. “The ...

The cost of living crisis causing motorists to consider changing to an alternative car or cut day-to-day spending. Research from carwow found that 40% say their approach to motoring has been affected by the cost-of-living crisis. Of those, over a third (36%) said they are more likely to consider paying monthly for their next car rather than buying outright. And ...

Used EVs in the UK finished 2022 “in the doldrums” with reduced demand and falling prices. That’s a key finding of Indicata analysis of the December used car market. It said the rising cost of living and energy prices contributed to buyers moving to ICE and hybrid used cars away from more expensive EVs. In December used EVs accounted for ...

Motorpoint Group today published an update on its trading performance for the nine months ended 31 December 2022. The supermarket saw a 17% increase in revenues to £1,064m but warned that gross profit per unit had been hit by higher financing costs and falling value of electric vehicles. These factors are likely to impact sales for the “foreseeable future” it ...

The Sunday Times today releases its listing of the highest tax payers in the UK, featuring five automotive entries. In 13th place and the highest automotive entry was Lady Philomena Clark and family who are estimated to have paid an £92.7m in tax The Marshall family were ranked in 18th position with tax of £60.3m. Marshall sold off the Motor ...

Stellantis outlined its strategy for the future to dealers at an event held at the NEC, Birmingham. The company is gearing up for a big push in van sales, setting up a separate business unit for the brands, reducing the number of sales outlets and creating industrial scale aftersales centres in high usage areas. “We think we have a huge ...

Cazoo has announced that it has revised its 2023 plans to focus on further improving unit economics, reducing its fixed cost base and maximising its cash runway. It is resetting its 2023 top line ambitions to 40,000-50,000 UK retail units. It now expects retail unit sales to return to growth in FY 2024. Cazoo also said that it will be ...

We all know that the Tesla roadster which Elon Musk fired into space in 2018 will at some point come back through the atmosphere and crash and burn.  However that is estimated to happen in millions of years whereas investors and the automotive industry at large are much more interested in what’s going to happen to Tesla as a company ...

Endeavour Automotive has begun work on developing the group’s flagship Volvo & Polestar North West London facility at Centennial Park. The 30,000 sq ft facility is due to open in late Summer 2023, according to Endeavour Automotive CEO John Caney. The group has been expanding operations organically and through acquisitions. In October it opened a Polestar business in the Battersea ...

Tesla has announced price cuts on entry level models. The Model 3’s starting price has dropped from £51,090 to £42,990, and the Model Y Performance from £67,990 to £57,990. The move follows similar pricing cuts in China and the US. Tesla was the fifth fastest growing car brand in the UK last year with sales up 56% to 54,622 units. ...