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Carwow names ‘most profitable’ used cars in daily auctions

The Jaecoo 7 delivered the greatest potential profit for dealers at Carwow’s daily online auctions in the third quarter of 2026. Carwow looked at the differences between actual selling prices at auction and cap ‘Retail’ valuations to determine likely dealer…

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Kia PV5 Passenger 7-seat eligible for Electric Car Grant

The Kia PV5 Passenger 7-seat is now eligible for the £1,500 Government Electric Car Grant (ECG). The entry-grade ‘Essential’ is now available from £35,495 OTR. The grant applies to all grades, including ‘Plus’ (now £38,775) and ‘Elite’ (now £40,475). It…

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Group 1 restructures at pace with pre-tax losses of -£52m

Group 1 is pushing ahead with the radical restructuring of its UK business. The UK subsidiary of the Us dealer giant saw pre-tax losses double in 2025 to hit -£52.03m compared to £26.2m the prior year on turnover up 41%…

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Carmakers brace for big motor finance hit

Carmaker captive finance houses are putting increasingly big sums of money to deal with the Financial Conduct Authority (FCA) redress scheme. Accounts filed at Companies House for Volkswagen, Stellantis and Ford show big set asides. Stellantis Financial Services earmarked £221m…

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Chery UK launches approved used programme

Chery UK has launched its approved used programme. The programme will be offered by every Chery retailer in the UK network. Farrell Hsu, managing director at Chery UK, said: “Reaching our 100th retailer site in the UK is a huge…

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KGM Motors UK launches new Musso Commercial range

KGM Motors UK has launched the new Musso Commercial range, introducing a two-seat commercial variant of the Musso Rebel and Saracen pick-up models. The Musso Commercial range is available on Rebel and Saracen models, and is available now through KGM’s…

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Geely Monjaro EM-i to make debut at Paris Motor Show

The Geely Monjaro EM-i will make its European debut at the Paris Motor Show on 12 October. It is Geely Auto’s first global plug-in hybrid SUV in the D-segment and combines advanced hybrid technology, long-range capability and a premium SUV…

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