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Euro Carmakers Spending Millions To Keep Chinese Dealers Afloat As Sales Tank

Carscoops

European carmakers have been making bank in China for years, but now the profit stream has turned to a trickle, and no one knows this better than the retailers struggling to shift metal. A new price war in the country has led to unsustainable heavy discounting that’s putting retailers into the red.

Retail 111
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Mitchell Mazda celebrates its 20th year in Mazda dealer network

Motor Trader

Mitchell Mazda celebrated its 20 th year as part of the Mazda UK dealership network. The family-run dealership organises annual fundraising events including a Christmas carol celebration at Chester Cathedral to raise additional vital funds, plus serving those in need at food banks.

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Toyota forecasts slower sales and price reductions in 2025

CarExpert

I can assure you our order bank remains strong, so we are optimistic for the future. Asked how other brands could find success in the Australian market, Mr Hanley pointed to strong products, dealer networks and customer service. Despite rampant competition, Mr Hanley is adamant there is scope for further sales growth at Toyota.

Sales 105
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AutoTech Investments Hosts High-Powered Breakfast at NADA 2025

AutoSuccessOnline

“This event creates valuable networking connections that generate deals. TD Securities is a multinational investment bank and financial services provider that offers advisory and capital market services to corporate, government, and institutional clients worldwide.

Banking 105
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Honda, Nissan plotting merger as EV competition rises – report

CarExpert

per cent to under 36 per cent last year leaving the Japanese brand searching for a long-term, steady shareholder such as a bank or insurance group to provide financial stability. Honda moved to a fixed-price ‘agency’ sales model in mid-2021, where it took ownership of its dealership network. billion yen (~A$3bn) to 32.9

Banking 98
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Australia’s largest dealer network warns of downturn

Drive.com

MORE: Global bank predicts price cuts amid new-car oversupply “We remain disciplined in our focus across our operations and optimistic regarding the outlook for the remainder of 2024 despite macro headwinds,” Mr Thornton said. The post Australia’s largest dealer network warns of downturn appeared first on Drive.

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KGM Motors UK expands dealer network

Motor Trader

KGM Motors UK has expanded its dealer network with the addition of RJTK Automotive’s Wilson & Co and Drayton Motors. Drayton Motors acquired more recently in 2021, is located on Frith Bank, Boston, Lincolnshire, PE22 7BD. This story continues at KGM Motors UK expands dealer network Or just read more coverage at Motor Trader