Online car retailer Cazoo has raised $630m (£465m) in additional capital through a shares transaction. The transaction is led by new investor Viking Global Investors, alongside participation from several existing […]
The UK’s used car market grew by 11.5% to 7,530,956 transactions in 2021, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). It found that […]
Auto Trader is expecting car sales in 2022 in the UK to exceed two million, up from 1.65 million last year. It expects new car volumes to rise again as […]
The latest Auto Trader Retail Price Index has reported that the average price for used cars rose to £18,067 in January. It was the 22nd consecutive month of price growth […]
The fall in new car volumes over the last three years is set to hit aftersales revenues significantly, according to new research. According to REALtime Communications, the net result is […]
Cazoo has announced that it has agreed to acquire brumbrum, Italy’s leading digital car retailer and subscription platform for €80m in a mix of cash and shares. Following its recent […]
Fears over the future residual values of internal combustion engine (ICE) cars and vans are driving electric vehicle fleet adoption. FleetCheck director Andy Kirby said that worries were being expressed […]
A new study has revealed growing consumer demand in December. The data compiled by lead management specialists at iTrackLEADS compared sales activity in December 2021 against the same month in […]
Volvo Car UK has reported growth in both new car sales volume and market share in 2021. In total, 48,260 new Volvo cars were registered in the UK, an increase […]
At least 330,000 new battery electric vehicles (BEVs) will be registered in the UK in 2022. This is according to DriveElectric, one of the UK’s leading electric vehicle leasing companies. […]
The automotive retail market has remained robust despite the government’s introduction of Plan B measures. This is according to data from Auto Trader. Despite speculation of the impact further restrictions […]
Jato Dynamics has reported that the strength of the European new car market continued to deteriorate last month. In November, registrations posted the lowest level for November over the last […]
