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

Carscoops

A new price war in the country has led to unsustainable heavy discounting that’s putting retailers into the red. BMW’s Q3 China sales slid 30 percent and its fancy Beijing Xingdebao 5S store was forced to close. Other high-end Western brands like Porsche have also watched China sales tank.

Retail 111
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Dacia surprised as "super pragmatic" UK buyers turn backs on LPG

Autocar

Dacia had sold just over 1000 bi-fuel versions of the Duster and Sandero by the end of October LPG pump network in Britain is only a quarter of what it was at its peak Dacia CEO Denis le Vot is surprised that low-cost LPG fuel is not more popular in the UK as British buyers are "meant to be super pragmatic".

Buyer 116
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Making sense of February’s used-car retail prices

Auto Remarketing

There was some year-over-year easing in retail used-car prices last month, according to the latest CARFAX Used Car Index report , which showed declines in six of the seven segments included in its analysis. Holdout buyers with hopes of returning to a market resembling the pre-COVID era are being greeted with mixed results.

Retail 66
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Industry calls for car tax rethink as private EV sales miss targets

Autocar

Electric car sales climbed 42% year on year in January but still lagged well behind ZEV mandate targets The UK automotive industry is calling for more to be done to encourage private buyers into electric cars , as the latest sales figures reveal EV uptake is falling well short of the government's mandated targets. market share.

Sales 111
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Autofinity launches new tool to aggregate vendor stock

Motor Trader

Autofinity has launched ViSOURCE, a tool to aggregate wholesale vendor stock and information to provide buyers with an extensive view of the used car market. ViHUB enables automotive retailers to pool vehicle data, automatically populate online marketplaces and manage stock with up-to-date inventory details.

Retail 105
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Inchcape UK retail business in play with approaches from buyers

Motor Trader

Inchcape today confirmed that it had received a number of approaches from companies who want to buy the UK retail business. This story continues at Inchcape UK retail business in play with approaches from buyers Or just read more coverage at Motor Trader

Retail 111
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Kerrigan Advisors Represents Country Auto Stores in Sale of Country Buick GMC of Leesburg

Dealer World

We are pleased to have completed the sale of Country Buick GMC and to represent Andy Budd in the sale of this desirable dealership, located in the wealthiest county in the country, said Gabe Robleto, Senior Vice President, Sell-Side Advisory at Kerrigan Advisors.

Sales 88