Peter Waddell threatens High Court action after shock removal as Big Motoring World director Lotus racks up £593m loss for 2023 despite selling record number of cars FCA warns motor finance firms to prepare to pay out following discretionary commission review Barclays appeals against ruling which sparked FCA investigation into motor finance industry Keyloop reaches ‘definitive agreement’ over acquisition of Automotive Transformation Group Alfa Romeo reveals first ever EV as Italian brand takes initial steps to all-electric future Constellation-owned car subscription service Elmo Drive is wound ..read more

US dealer AutoNation eyeing move to pounce on Inchcape’s UK dealerships SMMT chief urges swift action and ambitious policies to increase EV adoption Saxton 4×4’s pre-tax profit slides by almost 50% despite turnover rising Used car market entering second quarter with momentum as new records set, says Auto Trader Motorpoint expecting to see full-year loss ‘at favourable end of expectations’ Aston Martin expands ultra-luxury retail strategy with showroom at five-star Tokyo hotel Thieves steal luxury supercar dealer’s monogrammed pants in raid at health spa --- Send in a voice message: https://pod ..read more

Volvo officially drops diesel with XC90 as manufacturer’s final derv car Hyundai to cut number of UK dealers it works with as it looks to ‘future-proof’ network Video: Omoda and Jaecoo brands aiming for 100 dealers and 10,000 sales in UK by end of 2024 Lookers opens its first multi-franchise car dealership hub after £6m investment Trading Standards calls for car dealers to be licensed as part of clampdown on rogue traders Investigation finds Luton airport car park blaze was started accidentally by a diesel vehicle --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer ..read more

Jaguar Land Rover cans fixed-price car sales plan and sticks with traditional franchised model Current climate makes it ‘almost impossible’ to get private buyers into electric cars – Fiat boss Chancellor is urged to bring in ‘fair taxes for a fair transition’ to boost EV uptake Sir Jim Ratcliffe accuses governments of forcing EVs on consumers Luca de Meo warns European car makers can’t flinch from EV challenge posed by China and US Supercar dealer Tom Hartley Junior makes £20m profit selling just 77 cars FAQs: Everything you need to know about Car Dealer Live 2024 Used car prices go UP in Febr ..read more

Lloyds Banking Group puts aside £450m to deal with FCA investigation into motor finance Cars that aren’t Ulez-compliant set to be sent to Ukraine under scrappage scheme Genesis keen to boost brand and launches search for more dealers to add to fledgling network Fiat calls on government to reinstate plug-in car grant to boost EV demand These are the exciting new car brands that should be on your radar now The undesirables: Meet the used cars that took the longest to sell in 2023 --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message ..read more

Carwow buys car magazines Auto Express and Evo for undisclosed sum Close Brothers shares tumble as it scraps dividend amid fears over motor finance claims D.M. Keith snaps up Suzuki heavyweight dealer group Colin Appleyard JLR’s lead times become ‘far more acceptable’ as supply woes ease, says boss Selling Supercars: Meet the team behind supercar dealer Alexanders Prestige UK slides into recession after output shrinks more than expected, according to ONS Tax shake-up to close loophole for double cab pick-up trucks and could see fall in demand Kia XCeed named fastest selling used car in the UK ..read more

Martin Lewis’s car finance complaint tool receives 262,500 inquiries in opening days Financial incentives are needed NOW to boost new and used electric car demand Trading Standards clamp down on used car dealers’ ‘unfair’ admin fees Google to take wraps off its Vehicle Ads solution for motor trade at Car Dealer Live Gap insurers agree to suspend sales immediately after FCA voiced concerns Vertu Motors buys back 200,000 shares as car dealer remains a ‘sitting duck’ for investors --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message ..read more

Battleground: How will car makers hit tough 2024 EV targets? And do car buyers REALLY want electric cars? Honda boss on hitting electric car targets, used cars and what 2024 has in store for car dealers Shock as SUV Prestige is forced to close due to ‘difficult trading conditions’ for used car dealer Inchcape confirms it could offload all its UK dealerships but says a sale isn’t certain Used car prices drop just 0.1% in January as falls begin to level out – video update Group 1 set to axe about 10% of UK jobs in first three months of 2024 Tribunal rules in favour of used car dealer who ran int ..read more

FCA ‘effectively banning’ car dealers from selling Gap Insurance from February Geneva Motor Show could appear in more countries, despite Qatar event controversy Which car manufacturers will and won’t be attending the Geneva Motor Show? Arnold Clark owner pays £78.3m tax bill as the largest car dealer tax payers are revealed Stellantis expands used car sales potential in UK with launch of Spoticar Direct service Sources say Lookers owners are fishing for fresh funds to refinance buy-out deal Used car supermarket Motorpoint issues profit warning after drop in prices UK revealed to be the most tr ..read more

Trading Standards warns of dangers of buying from used car dealers posing as private sellers on Facebook Tesla and Volvo to halt European production after Red Sea shipping attacks by Houthi rebels Now Lookers ‘asks staff to work weekends and longer hours due to staff shortages’ Electric car price war expected this year as Chinese brands eye large slice of UK market by 2030 Single franchised car dealer enjoys another stellar year as it rakes in impressive £1.4m profit Used car dealers missing out on £30m due to underpricing vehicles on Auto Trader --- Send in a voice message: https://podcasters ..read more