News

Kia Launches EV6

Kia has launched the EV6 range, its first dedicated electric vehicles, planned to be the first of 11 new global BEVs from Kia by 2026. The Korean manufacturer should be applauded for really going for the low-carbon standard in its vehicles as the Kia EV6 has achieved product carbon footprint certification and ‘Carbon Measured’ labelContinue reading “Kia Launches EV6”

Skoda Scores Hat-Trick

What a time to be a Skoda dealer! The Skoda Enyaq iV has completed a hat-trick of awards with the Company Car of the Year accolade from Business Car Magazine, adding to the top honours already presented by Parkers New Car Awards and Car Dealer Awards. The Business Car Mag award is highly significant asContinue reading “Skoda Scores Hat-Trick”

Cazoo Moves for Commercial Vehicles With Vans365 Purchase

In a story from the ‘inevitable’ department…Cazoo is set to acquire Vans365 for around £6.5m cash, as it moves to expand its online retail proposition to include commercial vehicles. Any self-respecting dealer reading this will feel yet another shiver down his/her/their back at this news. Bristol-based Vans365 comes with a readymade team and a customerContinue reading “Cazoo Moves for Commercial Vehicles With Vans365 Purchase”

Cambria Goes Back to Private

Cambria Automobiles has, as expected, returned to private ownership following a decision at the leading group’s general meeting. So, after 11 years as a PLC listed on the London Stock Exchange, CEO Mark Lavery has steered the group back into private hands, in a story we have been following for some weeks. Lavery had saidContinue reading “Cambria Goes Back to Private”

VW Financial Services: 6 in 10 Young People ‘Want Car Subscription’

Volkswagen Financial Services UK (which has a ‘rent a car’ product) has said that ‘usership trumps ownership’ following research that claims 31% of UK drivers want to be able to change their vehicle to suit their needs, whilst 22% are interested in a subscription allowing various models from the same brand. In all, VWFS claimsContinue reading “VW Financial Services: 6 in 10 Young People ‘Want Car Subscription’”

Car Subscriptions to Overtake Ownership?

The global and highly-respected Boston Consulting Group is reporting car subscription as playing an increasingly important role in the automotive sector, with some suggestions that it could represent 30-40 billion dollars by 2030. With more customers seeking a flexible, all-inclusive, month-to-month programme that is easily accessed online there are reasons for traditional car dealerships to re-examine theirContinue reading “Car Subscriptions to Overtake Ownership?”

SsangYong Adds Close To Network

SsangYong Motors UK has added Close Motor Company to its national dealership network.  The 8-car showroom near Peterborough city centre is part of the family-run Close business established in 1967. The Peterborough company already has ambitious plans to extend the site in the coming months. Kevin Griffin, managing director at SsangYong Motor UK, said: “WeContinue reading “SsangYong Adds Close To Network”

Has The Market Gone Mad?

Here at Need To Know Motors we try take things with a pinch of salt.  But is what’s happening now in the retail automotive sector the perfect storm?  The exact circumstances that are forcing car prices up and up and up? We hear over and over again that prices have risen and that they can’tContinue reading “Has The Market Gone Mad?”

BMW’s Jeff Koons Special

Now, we do know a little bit about Jeff Koons, the artist and former bad boy famous in the 80s for marrying porn star Cicciolina and nowadays better known for selling artworks for $millions.  But he’s no Banksy, in our humble opinion. That didn’t stop BMW getting together with him for a second time toContinue reading “BMW’s Jeff Koons Special”

UK Car Production Plummets

The Society of Motor Manufacturers and Traders (SMMT) has issued a report that affects every single one of us working in the UK automotive sector.  It states in plain and simple language that British car manufacturing output has declined massively, down 37.6% in July with just 53,438 units made. Why does it affect all ofContinue reading “UK Car Production Plummets”

SsangYong Adds Close To Network

SsangYong Motors UK has added Close Motor Company to its national dealership network.  The 8-car showroom near Peterborough city centre is part of the family-run Close business established in 1967. The Peterborough company already has ambitious plans to extend the site in the coming months. Kevin Griffin, managing director at SsangYong Motor UK, said: “WeContinue reading “SsangYong Adds Close To Network”

Auto Trader: More Cars for Dealers Thanks to Cash Offer

Auto Trader says it will unlock even more stock for retailers by providing its customers with a £100 extra cash incentive for any vehicle part-exchanged with a retailer using Auto Trader’s Guaranteed Part-Exchange service or sold through its consumer facing Instant Cash Offer platform. Auto Trader says it will be the first time it has directly contributed towards its retailerContinue reading “Auto Trader: More Cars for Dealers Thanks to Cash Offer”