Author: Tom Seymour
The multi-million pound project to ascertain an electrical vehicle (EV) battery gigafactory at Bridgwater has taken one other step forward with work starting with National Grid. The EV battery production facility – run by Tata Group’s global battery business Agratas – is on account of open in 2026 and goals to produce almost half of the batteries needed by the UK’s automotive industry by the early 2030s. National Grid has now began the engineering work to attach the UK’s biggest battery factory to the grid. National Grid Electricity Distribution (NGED) is constructing two interim 33kV connections which can power the Agratas…
Auto Trader, the UK’s largest automotive marketplace, has announced a brand new podcast to showcase the automotive industry as an incredible place for girls to work to draw and retain talent. Women within the driving seat, hosted by the corporate’s editorial director Erin Baker, brings pairs of guests together to tackle topics resembling sustainability, customer support and the retail sector. In addition to examining key industry trends, the discussion will even provide an area for guests to share the balls they’ve dropped and the plates they’re spinning. The primary episode, launching on February 20, features racing drivers Nathalie McGloin and…
Used cars are selling at a record pace and costs are continuing to stabilise up to now in 2025, in keeping with the most recent data from Auto Trader. Based on over 800,000 day by day observations across the entire retail market, Auto Trader’s Retail Price Index reveals the common retail price of a used automotive (£16,774) was flat in January on a month-on-month (MoM) and like-for-like basis; a contrast to the 1.9% decline recorded in January 2024. And with trade values recently trending above retail, it’s likely prices will strengthen further over the approaching months because the market adjusts…
Nearly half of automobile buyers expect to make a purchase order before the tip of the yr, while most prefer to sell their existing automobile to a dealer and are willing to travel as much as 50 miles to seek out the suitable automobile. These are among the many findings of the most recent Motors Consumer Insight Panel, independently researched by Insight Advantage, which has polled the views of two,000 automobile buying decision makers. The study found 47% want to buy inside the subsequent 12 months, a rise on the 40% who planned to accomplish that when last asked in September,…
Group 1 has posted a 36.6% boost in gross profit performance across its UK business over the past 12 months to £451 million. UK group revenues also increased, up by 36% to £3.3 billion over the identical period. The business is now nearing the tip of a $16.7 million (£13.4m) restructure of its UK business following the £346m acquisition of Inchcape Retail last yr. The US-based business has posted its results for 2024, where it posted a rise for total group revenues by 11.7% to $19.9 billion (£16bn) and an improved gross profit performance up 7.3% to $3.3bn. Group 1 has 259…
Hendy Group has confirmed it’s moving to a brand new regional operating model that can see changes inside its senior management team across multiple departments. The 60-site dealer group confirmed to AM that one immediate consequence of the restructure is that a variety of latest roles are being advertised internally and externally. Nevertheless, it said the group’s total variety of senior managers is predicted to stay unchanged, once the transition to a regional model has been accomplished. Hendy can even be appointing a brand new aftersales director, fleet & leasing director, head of used vehicle performance and head of franchise performance. While…
Close Brothers Motor Finance has promoted Clare Bradley to the position of economic director and Neil Leonard as its recent marketing director. Bradley was formerly director of sales optimisation (retail) and Leonard was formerly head of selling. Bradley, who has been with CBMF for six years, has previously held senior sales and industrial roles in various industries, including media and technology, before moving into the automotive sector. At Close Brothers Motor Finance, she has played a key part in constructing a brand new sales optimisation function, together with developing CBMF’s CRM/Salesforce capability. In her recent role she is going to tackle the…
Autofinity will unveil its latest product ViSOURCE, which streamlines dealer used automotive buying from vendors, as a part of its stand at next week’s Automotive Management Continue to exist November 13. ViSOURCE aggregates wholesale vendor stock and data to offer used automotive buyers with an in depth view of the market. ViHUB enables automotive retailers to pool vehicle data and robotically populate online marketplaces in addition to higher manage stock with up-to-date inventory details. The addition of ViSOURCE takes Autofinity’s vision of 1 platform providing oversight of every vehicle from source to sale even closer. The team will provide details of ViSOURCE in addition to its other products and repair…
Xpeng has confirmed it’s going to launch within the UK with the help of IM Group and can showcase its recent G6 electric SUV at Automotive Management Continue to exist November 13. As revealed by AM back in July this 12 months, IM Group has now officially confirmed that it’s going to be the UK distributor for the brand new Chinese brand because it looks to ascertain a UK retail network and launch sales with the G6 electric SUV in Q1 next 12 months. Attendance is freed from charge for dealers and OEMs that register upfront here. The G6 prices…
This yr’s Automotive Management Live will feature a bunch of plug-in vehicles on display for attendees to explore in Hall 10 on the NEC, Birmingham on November 13. The UK’s latest automobile market is transitioning towards electrification and there are a bunch of recent challenger brands which are offering latest plug-in vehicles. The event has put together an area called E-Street, sponsored by AffinityEV, in Hall 10 where latest models just like the BYD Seal-U plug-in hybrid and the all electric version of the Omoda E5 shall be on display. IM Group can be supporting the show this yr with the…
