News
Stellantis to sell Free2move’s car-sharing business to Mutares
Stellantis will sell Free2move’s car-sharing business to private equity investor Mutares. The transaction is expected to conclude by the end of 2026, subject to customary closing conditions. Virgilio Cerutti, head of business development & partnerships at Stellantis, said: “By sharpening…
Stellantis Q2 results highlight continued losses in Europe
Stellantis reported a 13% year-on-year increase in second-quarter net revenues to £37.3bn (€43.5bn), with improved sales in North America helping return the group to profit despite continued losses in its European operations. Net profit reached £257.1m (€300m) in the quarter,…
BYD UK passes 100,000 new car registrations
BYD has passed the significant milestone of 100,000 new car registrations in the UK. Its sales only commenced with the ATTO 3 in March 2023. In that time, BYD UK has gone from five retailers to a network of 143 sites.…
Group 1 UK sees profits and turnover dip in Q2
Group 1 UK saw turnover and gross profits take a hit in the three months to the end of June. Gross profits fell -2.4% to $202.1m (£151m) on turnover down -4.9% to $1.45bn “During the current quarter, the Company disposed…
Luscombe pays out £170,000 profit share bonuses for staff
Luscombe Motors has paid out £170,000 in profit share bonuses to employees following a record year for the business. The group has been diversifying with the opening of a 400 sq m Omoda Jaecoo showroom. It has also invested in…
Mazda UK unveils new selected approved used car programme
Mazda UK has unveiled a new selected approved used car programme. All cars purchased via the programme include multi-point vehicle inspections, 12-months unlimited mileage warranty, 12-months European roadside assistance, accident aftercare and £99 refundable reservation fee. Laura Brailey, sales director…
Customers ‘comfortable’ using AI for simple queries for now
Customers are happy using AI for simple queries, according to a survey of 2,000 UK customers commissioned by Moneypenny. Respondents mentioned using AI for booking a service or MOT (34%) and for booking a test drive (24%). Casey Lewis, business…