Author: Sean Keywood
The common price of a brand new EV has been cheaper than the typical price of a brand new petrol automotive within the UK for the third month running in May, in line with Autotrader. The corporate said the typical price of a brand new EV – including manufacturer discounting and the UK Government’s Electric Automobile Grant – stood at £43,049, compared with a median recent petrol automotive price of £43,178. Autotrader said the typical discount on a brand new EV was 11.7% off RRP. Ensure you usually get AM insight. Make us a preferred source of reports on Google. In…
Vertu Motors has reported increased revenue but a drop in profits in its latest full-year financial results. The AM100 dealer group’s results for the 12 months ending February 28 2026 show revenue of £4.83 billion, up from £4.76 billion within the previous 12 months. Nevertheless, adjusted profit before tax of £24.5 million is down by £4.8 million year-on-year. Ensure you usually get AM insight. Make us a preferred source of stories on Google. In its results, Vertu states that this profit – which it notes is barely ahead of analyst expectations – was delivered despite “weak recent vehicle markets”, which it…
The phrase ‘absence makes the guts grow fonder’ may appear an unusual one to use within the motoring industry, nevertheless it’s one which Mazda’s UK boss uses for the brand’s newly relaunched cornerstone model.The CX-5 SUV has been the UK’s best-selling Mazda in recent times, with greater than 103,000 sold here because it arrived in 2012, and the brand new third-generation model is as a consequence of start arriving in showrooms next month. Nevertheless, it hasn’t been a seamless transition from the second-generation automobile, which went off sale in January – a spot which Jeremy Thomson, the brand’s UK MD,…
Dealer group Barretts of Canterbury is claimed to have reduced vehicle movement time and value having adopted Jigcar’s centralised automated vehicle movement service. The platform is claimed to have delivered a vehicle movement per shift improvement from 5.5 to 7.7 in Q1 of this yr, with a 21% cost reduction for every movement. The dealer group, which operates 10 sites across Kent, is claimed to have achieved average movement times of 0.6 days per vehicle, significantly outperforming the industry norm of three days. Ensure you usually get AM insight. Make us a preferred source of reports on Google. Jigcar’s platform has…
Cars made by Land Rover offered the best profit potential in online auctions in the primary three months of 2026, in line with Carwow. The automotive sales platform said it had analysed the difference between actual selling prices at auction and Cap retail valuations to find out potential dealer profit, before fees and prep costs, and located that in Q1, Land Rover models had a mean profit potential of £3,914, giving the brand first place in its rating ahead of Audi at £3,050 and Lexus at £3,028. Ensure you usually get AM insight. Make us a preferred source of stories on…
Chery has confirmed that the Tiggo 4 small SUV will develop into its fourth model available within the UK. The Tiggo 4 shall be Chery’s first UK model with a CSH full hybrid (non-plug-in) powertrain, featuring a 1.5-litre petrol engine and a 1.83kWh battery, with a complete output of 204PS. Chery, the owner of the Omoda, Jaecoo and Lepas brands (the latter recently announced as entering the UK market this 12 months), began selling cars here under its own name last 12 months, with the Tiggo 7, Tiggo 8 and Tiggo 9. It says prices for the Tiggo 4 will…
The newly-renamed Driveway Vehicle Solutions is trying to construct on its automotive dealer heritage, in line with its managing director. The fleet and leasing business formerly often called Pendragon Vehicle Management announced last week that it was rebranding with immediate effect. Driveway Vehicle Solutions is an element of Lithia UK, which also has a retail network that features 170 Evans Halshaw and Stratstone dealerships, and sits under US parent company Lithia and Driveway. Phil Wilbraham, managing director of Driveway Vehicle Solutions, tells Automotive Management that the link with the dealers is a vital profit that the business can offer its…
A brand new collaboration between Warranty Solutions Group (WSG) and MotorCap is designed to present UK dealers access to retail-ready used vehicles direct from Japan. The strategic partnership will see vehicles sourced through WSG’s Prep4Less programme, and can see WSG dealers capable of source vehicles via MotorCap’s established Japanese buying network. MotorCap is described because the UK’s only wholesale importer of used vehicles from Japan dedicated exclusively to supplying the trade, specialising in low-mileage, high-grade vehicles. Vehicles delivered via the partnership might be fully inspected, prepared and compliant for UK retail once they arrive. Ensure you usually get AM insight.…