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 ..read more

Get your tickets for the Car Dealer Podcast Live on September 4 and be part of the show Ford goes back to the future as it revives iconic Capri nameplate as electric SUV Motors launches new Cazoo app for used cars and says updated website is on its way Land Rover serves up most profitable used cars so far in 2024 Glyn Hopkin Group sold to its employees as firm looks to secure ‘long-term legacy’ Used dealer CarSupermarket.com turns losses around with a bounce back to profit in 2023 New Suzuki Swift and Dacia Duster get just three stars for safety from Euro NCAP UHY Hacker Young partners with el ..read more

Cazoo officially winding up and liquidators appointed following shareholder vote Documents reveal Cazoo Ltd has nearly £190m of unsecured debt Stellantis boss on potentially pulling UK production, her love for the 2030 ban and what she needs to fix next Stellantis boss on late dealer bonus payments, cars stuck at ports and agency sales delay It may be impossible to order petrol and diesel cars later this year – Stellantis boss Peter Waddell LOSES High Court bid to have rights restored at Big Motoring World We’ll ‘deal with’ any UK Chinese car tariffs if and when they come – BYD Car Dealer Powe ..read more

Dire warning from Stellantis as it says it could close UK factories over EV quotas and demand Cazoo Group board votes unanimously to wind up company and announces EGM date Car manufacturers in China want 25% import tax on EU vehicles – report CDK Global tells car dealers hacked software unlikely to be restored before end of month Rosy picture for used car prices as June chalks up a minor 0.1% fall in values Car dealer is fined after trying to aid sale by going double the speed limit on test drive ..read more

Cazoo officially winding up and liquidators appointed following shareholder vote Documents reveal Cazoo Ltd has nearly £190m of unsecured debt Stellantis boss on potentially pulling UK production, her love for the 2030 ban and what she needs to fix next Stellantis boss on late dealer bonus payments, cars stuck at ports and agency sales delay It may be impossible to order petrol and diesel cars later this year – Stellantis boss Peter Waddell LOSES High Court bid to have rights restored at Big Motoring World We’ll ‘deal with’ any UK Chinese car tariffs if and when they come – BYD Car Dealer Powe ..read more

Dire warning from Stellantis as it says it could close UK factories over EV quotas and demand Cazoo Group board votes unanimously to wind up company and announces EGM date Car manufacturers in China want 25% import tax on EU vehicles – report CDK Global tells car dealers hacked software unlikely to be restored before end of month Rosy picture for used car prices as June chalks up a minor 0.1% fall in values Car dealer is fined after trying to aid sale by going double the speed limit on test drive --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message ..read more

⁠Car Dealer Briefing: What’s in this week’s subscriber-only Substack newsletter from James Baggott?⁠ Former Lookers director Tony Bramall invests in car subscription firm Fisker files for bankruptcy protection after failing to secure investments Volvo U-turns on estate cars and will reintroduce them to UK market Shareholders to vote on another bumper pay deal for former Pendragon boss Bill Berman Canadian Jaguar dealers gear up for legal fight over plans to go electric Interest in BYD rockets as a result of Euro 2024 sponsorship, Auto Trader reports --- Send in a voice message: https://podcas ..read more

Used car supermarket Motorpoint suffers massive deepening of losses in ‘most difficult year ever’ Huge row breaks out with EU set to announce additional 25% tariffs on Chinese EVs Family-owned Barretts of Canterbury sees profit plummet by almost three-quarters Family-run JCT600’s profits slide as move to agency hits turnover and franchises are ditched Motors closing in on cut-price deal for failed used car dealer Cazoo – reports Labour pledges to reinstate 2030 ban on new petrol and diesel vehicles plus ‘supporting buyers’ of used EVs JLR pledges more than £1m to support ‘proactive policing’ a ..read more

Car dealer group Caffyns reports loss of more than £1.5m after being in profit the year before Alexanders Prestige sees profits fall as bosses point to ‘challenging sector’ Greenhous Group looks to convert former Shrewsbury Waitrose shop into car showroom Choice and affordability of Chinese EVs will only benefit UK car buyers – Auto Trader EV Experts agree franchise partnership with Fisker as boss hails ‘exciting opportunity’ LCV sales rise for 17th month in a row but SMMT warns over electric uptake IMDA welcomes record number of new members as it partners with RAC Dealer Network JLR increases ..read more

Falling used electric car prices sees Hedin Mobility book hefty loss in Q1 Auto Trader Group sees revenue soar 14% and pre-tax profit top £345m in 2023 Bentley appoints Porsche vehicle development chief as new chairman and CEO Alfa Romeo to ditch famous off-set numberplates due to EU rule change Dacia to open new flagship dealership as brand prepares to put Spring EV on sale Nissan announces pricing for updated Qashqai as Sunderland plant ramps up EV production --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message ..read more