Author: Aimee Turner

The used EV market is showing signs of decline, in line with recent data from Marketcheck, with sales slipping while petrol vehicle sales achieved a yearly peak. While petrol automotive sales jumped from 175,897 in May to 190,320 in October, used EV sales saw a marked 11% drop in only two months, with concerns mounting around charging infrastructure, cost, and the impact of tightening household budgets. Alastair Campbell, Marketcheck UK, commented: “That is the primary statistically significant drop within the sales of used EVs now we have recorded. Alongside the more positive petrol figures, it might suggest a shift in…

Peoples is to expand beyond its 42-year history with Ford to incorporate Chinese brands BYD and Omoda/Jaecoo across its dealerships in Scotland and England.In 2022, Peoples said it was considering latest automobile retail franchise partnerships after years of solely representing Ford. On the time Brian Gilda, chairman of the Falkirk-based AM100 automobile retail group, suggested that the UK’s economic uncertainty, Ford’s shifting business model and the challenge of transitioning long-standing customers of the now- discontinued Fiesta right into a latest automobile had all played a component in the choice.Announcing its latest financial results which saw a 7.6% drop in turnover to £283.449m and…

The UK financial watchdog plans to seek the advice of on extending the time finance firms have to reply to consumer complaints involving non-discretionary commissions and granting consumers more time to escalate these complaints to the Financial Ombudsman Service.“We’re acting swiftly to deal with concerns raised by the Court of Appeal’s recent ruling,” the Financial Conduct Authority (FCA) announced this week.Expected to publish proposals inside two weeks, the FCA is aiming for a mid-December implementation of this extension, should it’s adopted. Login to proceed reading Or register with AM-online to maintain up so far with the most recent UK automotive retail…

Volkswagen Group UK has named Damien O’Sullivan as its recent managing director from December. O’Sullivan steps into the role following Alex Smith’s departure, who leaves the corporate at his own request after nearly 15 years of service. O’Sullivan joins Volkswagen Group UK from Volkswagen Group Ireland, where he has served as Audi brand director since 2021. His extensive experience inside Volkswagen Group spans a series of international roles, including vice chairman of dealer development on the FAW-Volkswagen three way partnership in Changchun, China, and Audi aftersales director on the national sales company in Taiwan. His early profession began as a…

Automotive consultancy Motorvise has celebrated its first decade in business by adding two major motor manufacturers to its client portfolio. To fulfill this surge in demand, MotorVise is expanding its team of fifty professionals by creating as much as 4 latest roles, because it prepares to scale its operations and services. Headquartered near Richmond, North Yorkshire, Fraser Brown, founder and managing director of MotorVise, is predicting that 2025 will probably be a record-breaking yr and the business was on target to surpass £2 million in annual turnover through helping manufacturers and dealerships improve revenue, profitability, and customer loyalty. Earlier this…

Recent research by automobile history-checking service CarVertical reveals that just about 160,000 UK drivers could fall victim to mileage fraud this yr. With an estimated 1.9 million used cars changing hands every quarter, CarVertical’s data shows that 2.1% of those vehicles have clocked mileage. Lowering a vehicle’s mileage falsely can increase its sale price by as much as 25%, potentially costing buyers 1000’s of kilos. Surprisingly, nearly-new cars – those lower than five years old – should not immune. CarVertical’s findings indicate that 1.89% of those newer vehicles had mileage discrepancies, with KIAs leading the pack, as nearly 9% of…

China’s BYD has confirmed that it has appointed Maria Grazia Davino as its recent regional managing director for Germany, Switzerland, Poland, Austria, and the Czech Republic, effective December 1.This leadership transition comes amid a period of great restructuring at Stellantis, including the recent announcement that CEO Carlos Tavares’ contract wouldn’t be renewed, alongside changes in other senior positions.”Maria Grazia Davino has extensive experience within the automotive industry and has already held management positions at well-known automobile manufacturers in various markets,” said BYD Login to proceed reading Or register with AM-online to maintain up up to now with the most recent…

Cumbrian AM100 automobile retailer Lloyd Motor Group has expanded its footprint within the North East with the acquisition of Stratstone Tyneside BMW & Mini. This dealership, now renamed Lloyd North Tyneside BMW & Mini, is situated on the Silverlink Shopping Park near Newcastle and adds 57 employees to the Lloyd team. The acquisition will even create 18 recent positions, including a head of business role to steer operations in North Tyneside. Positions are also open across accounts, aftersales, sales, and operations. Sam Lloyd, managing director of Lloyd Motor Group, said: “We’re thrilled so as to add such an exciting location to…

Recent research from AA Cars reveals that 25% of UK drivers have bought a automobile online without seeing it in person, up from 21% last yr. The survey of over 10,000 motorists shows that almost half (48%) of those buyers opted for a brand new automobile from a dealership, while 44% bought a used vehicle through a dealer or online platform. Only 6% purchased used cars from private sellers, and a pair of% did so from auctions. Despite this shift, over 70% of drivers still prefer inspecting a vehicle in person, although this figure has dropped from 73% in 2022.…

Hendy Group has launched “Hendy Buy Any Automotive,” a car-buying service geared toward providing an easy, user-friendly platform for people across southern England to sell their used vehicles at a good market value. This service is designed to simplify the means of valuing and selling cars quickly, regardless of car make, model, age, or condition. Through a web-based valuation tool and three easy steps, Hendy Buy Any Automotive is designed to streamline the transaction process and offers each convenience and efficiency to consumers. The method begins with an initial online valuation, where users input their vehicle’s registration number, mileage and get in…