News

Retail prices outperformed seasonal norms in August, boosted by strong underlying consumer demand in the used car market, according to Auto Trader. Transactions rose around 3% YoY. At an average of £16,316, prices decreased by -0.1% on a MoM, and like-for-like basis, ahead of the -0.8% drop recorded in August 2023. Stretching back to 2011 when Auto Trader began tracking ...

Polestar UK is one of the first European markets where Polestar moves to a non-genuine sales model, providing more interaction and direct contact with dealers to drive sales. Currently, Polestar performance EVs are available from one of the nine Spaces in the UK. Polestar’s UK retail partners will soon be able to actively sell from each Space. Customers can still ...

Chery, parent company of OMODA & JAECOO, has made its debut in the Fortune Global 500 list, entering 385th position with an operating revenue of $39.1 billion. The manufacturer introduced OMODA & JAECOO across 20 markets, accumulating 280,000 unit sales in just 15 months. Over a three-month period this year it consistently surpassed 20,000 units, contributing 20.8% to the Group’s ...

Hendy Group has renewed its partnership with AFC Bournemouth for the 2024/2025 football season, becoming ‘Headline Sponsor’ for the fifth year. This investment will support activity including digital media content, which includes the popular ‘Moment of the Match’ series promoted through social media channels. Hendy will also provide the club’s media team with transport to all away games. Andy Grant, ...

Automotive is at the top of the Office for National Statistics’ Vacancies by Sector chart, overtaking hospitality as motor trade vacancies rise to 21,000. Despite a reduction in vacancies earlier this year, motor trade vacancies increased to 3.8 vacancies for every 100 employees in July. Kevin Finn, Executive Chair at the IMI, said: “Undoubtedly, the summer months are a harder ...

Paying for services and products at dealerships just got easier for dealers using Keyloop’s dealer management systems and Bumper payment services. Bumper and Keyloop have launched the next phase of their integration by adding all payment types for dealers and automatic payment reconciliation. Customers can pay by link, via SMS or email; by bank, by account-to-account open banking payment method. ...

BYD Automotive is to take control of distribution of its cars in Germany from Swedish firm Hedin. The two entities have entered into an agreement where BYD will buy Hedin Electric Mobility GmbH, the appointed Dealer+ of BYD vehicles and spare parts in the German market. The transaction also includes a business transfer of the two pioneer stores in Stuttgart ...

The number of used hybrids and EVs listed and sold on Dealer Auction rose in July, 8% month-on-month, and the number of bids grew 19%. Appetite for EVs was particularly strong as sales increased 23% compared to June. Kieran TeeBoon, Dealer Auction Marketplace Director, said: “The number of EVs and hybrids listed in July puts the drop in volumes we ...

Waylands has completed the acquisition of Volvo Gloucester  for an undisclosed sum from Johnson Cars. The deal sees Waylands expand their presence in the South West. The dealership, which will remain at its current location on Cole Avenue, will be rebranded as Waylands Volvo Gloucester, with all current colleagues at the site joining the Waylands team. John O’Hanlon, Waylands CEO, ...

Oracle Car Finance has raised over £50,000 for local Martin House Children’s Hospice, fundraising internally and at The Motorist on 26 August. Oracle has been supporting the charity for two years, and confirms the extension of their partnership for a third year. Oracle Car Finance MD and Founder, Peter Brook, said: “Martin House Children’s Hospice supports families in the local ...