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Global pricing approaches which might be significantly less complex can determine market success, based on Jato Dynamics. Using live data from its Price Tracker tool to explore how OEMs are managing prices across different models, it highlighted how uniform pricing strategies across international markets can have a profound impact. It cited Tesla’s changes within the German market in April 2023 as a working example, using tracking data to show how the brand managed to spice up competitiveness with a sudden price cut of its whole line up. Jato Dynamics identified two pure price decreases of the Model Y within the…
E-commerce company drivvn has seen vehicle sales grow by 257% from £709 million in 2022 to £2.2 billion in 2023.The corporate now supports 14 brands in 10 countries across Europe and has expanded its customer base into the fleet sector. The pace of e-commerce growth continues to speed up as drivvn’s latest online store achieved £100m in sales in its first two months.Commenting, Peter Brown, chief executive of drivvn, said: “Our mission is to assist the automotive industry speed up its e-commerce offering, giving customers a seamless omnichannel experience. As we proceed to scale, we bring greater data-led insight into…
Results for 2023’s recent vehicle market show that although Ford has firmly lost its crown overall it might probably still proudly claim to supply the UK’s biggest-selling automotive and van. And it did so throughout the 12 months when it announced the long-lived Fiesta supermini would stop to be produced. Fiesta was often the UK’s biggest seller for a few years, but in 2023 it was the Ford Puma SUV which topped the table. It accounted for one in three Ford recent cars sold in 2023. Ford of Britain managing director Lisa Brankin said: “I’m delighted that Puma was each…
Aftermarket measurement data provider Factor Sales has grow to be a member of the Independent Automotive Aftermarket Federation (IAAF). The IAAF champions the interests of aftermarket businesses. It fosters collaboration, contributes to laws and lobbying, and creates networking opportunities to drive collective success. By becoming a member, Factor Sales said it’s aligning itself with a community dedicated to advancing industry standards, promoting best practices, and addressing challenges collectively. Factor Sales, a part of the Pearson Ham group, which recently welcomed Alex Jenner to the corporate as business development manager, views this partnership as a “crucial step” in its mission to…
The UK’s zero emission vehicle (ZEV) mandate that can force all manufacturers to make cars and vans emission free by 2035 is now law The ZEV mandate sets out the share of latest zero emission cars and vans manufacturers can be required to supply every year as much as 2030. It targets 80% of latest cars and 70% of latest vans sold in Great Britain to be zero emission by 2030, increasing to 100% by 2035. Technology and decarbonisation minister Anthony Browne said the brand new laws will help households make the switch to electric, supporting growth of EV sales…
Finance veteran David Gillard has joined the board of AM100 automobile dealer group Vertu Motors as an independent non-executive director (NED). Gillard will sit as a member of Vertu’s audit committee, nominations committee and remuneration committee. Andy Goss, chairman of Vertu, said: “We’re extremely pleased to welcome David to the Vertu board. He’ll further add to the group’s significant financial expertise as his experience across a lot of sectors and functions have given him a powerful grounding across various points of monetary governance. I very much sit up for working with him.” During his executive profession Gillard gained experience in publishing (Oxford University…
The Financial Conduct Authority has given the go-ahead for US-based Lithia Motor’s takeover of the motor retail a part of Pendragon, including its Pendragon Finance and Insurance Services Limited business. Lithia’s acquisition is now expected to finish on January 31, 2024 – a date which will mark the start of the transformation of Pendragon into Pinewood Technologies, a pure-play software business, which operates the corporate’s dealer management software business. And this business will enter a strategic partnership with an entirely owned subsidiary of Lithia Motors, to provide a foothold for the Pinewood DMS in North America. Following completion of the transaction, Pendragon…
As we gather around our virtual fireplace here at Auto Spies headquarters in the nice state of Texas, we won’t help but feel a way of heat and gratitude for all of you who’ve been with us throughout 2023. It has been an incredible yr, and we owe all of it to your unwavering support and love for the whole lot automotive.During this beautiful Christmas season, we would like to increase our heartfelt due to every certainly one of you for making AutoSpies a thriving hub of automotive enthusiasts. Your passion for cars, trucks, and SUVs has driven us to…
AM Live 2023 saw industry experts gather to debate the imperative task of making a seamless and unified digital ecosystem for electric vehicles (EVs). Currently, EV sales are dominated by the fleet and latest automotive market, but there can be a shift towards more retail customers and used EVs in time. This may mean a much tighter window to organise every thing around charging the vehicle, particularly if the shopper has off-street parking and is looking to scale back costs by installing a house charger and switching their home energy tariff. The session explored how the present customer journey for…
Snows Motor Group has appointed Richard Morgan as head of its Toyota and Lexus division – certainly one of numerous recent appointments made inside the dealer group’s senior management team. Morgan, formerly the corporate’s franchise operations manager, will now oversee the running of Snows’ trio of Lexus dealerships in Exeter, Hedge End and Bournemouth; plus a complete of 11 Toyota businesses across the South of England. Morgan joined Snows in February having gained 36 years of experience working with brands comparable to Volkswagen, Audi, Jaguar, Land Rover, BMW and MINI. He explained: ‘‘This division is the biggest inside the Group,…
