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Porsche To Shut 30% Of Its Dealerships In China After Sales Tumble

Carscoops

Porsche’s sales in China dropped 29% during the first nine months of 2024. The carmaker isn’t just consolidating its network of dealers but will also optimize its local investments, abandoning areas where it can’t achieve long-term profitability and doubling down on regions that perform well, including Shanghai and Beijing.

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'Challenging backdrop' of low private EV sales hits charging firms

Autocar

Private EV sales slump has meant fewer people buying home wallboxes Major charging firms face uncertainty as ZEV mandate review brings potentially bleak p One of the UKs largest charger companies is facing a fight for its future, after the slowdown in EV take up wiped more than 10 million from its market value overnight.

Sales 124
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Ford terminates over 50 retailer dealers at start of 2025

Motor Trader

Ford terminated more than 50 retail dealers in January as part of its restructuring of the network. Back in 2020 Ford announced that it was going to reduce its network of sales outlets in half over the next five years. Light commercial vehicle sales have been growing in importance for the network and Ford.

Retail 130
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Accelerating Action: Key Takeaways from Women Automotive Network’s International Women’s Day Event

Women Automotive Network

This International Womens Day, the Women Automotive Network brought together industry leaders, Employee Resource Group (ERG) champions, and aspiring professionals to celebrate progress and drive meaningful change. Oxana Grishina, named Mentor of the Year at Women Automotive Network, emphasised that mentorship is not a one-way street.

Women 130
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Hendy eyes spike in double-cab pick-up sales ahead of April tax hike

Motor Trader

Hendy Group is aiming to drum up sales of double-cab pick-ups ahead of the increase in Benefit-In-Kind (BIK) charges takes effect on 6 April. Other manufacturers, including Isuzu, have moved to boost sales of the impacted vehicles ahead of the tax hike. It only applies if an employee also uses the vehicle privately, as many users do.

Sales 96
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Network Focus: Driving change at Polestar

Motor Trader

With senior roles in Mercedes-Benz UK, Volvo UK, Nio UK, and a Polestar global sales role, he has split his career 50/50 between OEM work and time as a dealer. We pride ourselves on having one of the best pre-owned programmes in terms of consumer peace of mind. Galvin has 20 years of experience in the automotive industry.

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Hyundai Unfazed By EV Sales Dip, Accelerates Electrification Plans

Carscoops

According to senior vice president of product planning and mobility strategy for Hyundai Motor North America, Olabisi Boyle, the Korean brand isn’t worried about sales fluctuations and understands the significance of the journey to electrification. ” Read: EV Sales Surge To A Record 1.2

Sales 143