🎧Used car sales grow 5.5% in 2004, OEMs to miss ZEV targets and Vertu warns of reduced FY profits (E10 S11)

⚠️WEEKEND HEADLINES⚠️    Want to catch up on the week’s big car retailing news all in one place? We’ve got it covered for you on the latest Motor Trade Radio pod, powered by MOTORS.   How’s this for a packed show?   📉 February new car registrations show a rise in retail and BEV sales rise, as overall market drops -1% 📉 The new van market tumbled by 19%, the third monthly drop in a row ⚡ Tesla models dominate the biggest used car price drops in February, reports MOTORS’ Market View 💷 Car finance complaints rise to record level, reports the financial ombudsman ⚡ Chinese brand Leapmotor (which launched in the UK this month!) to double its UK dealer network to 80 locations by the end of the year 📝 Brayley's owner Rostamani in the frame to acquire Johnson Cars, reports Auto Sunday 🔋 Cox Automotive and DHL to open UK EV battery repair centre     Plus #AllTheChatterThatMatters with your co-hosts Curtis and Philip  

📣NEW PLATE DAY POD! We’ve got all the week’s news across the franchised and independent sectors on this weekend’s Motor Trade Radio podcast, powered by MOTORS.   With the new 25-plate going on sale today, we also have some unmissable Top Tips on creating a buzz and maximising sales opportunities from industry guru Ian Godbold!   Headlines this week are from the FT, Broker News, AM, Motor Trade News, and Auto Express.   ✅ cap hpi’s Jeremy Yea shares February’s used car trade value trends ✅ Stellantis, Europe’s second-biggest car manufacturer, sees multi-billion-euro profits tumble into losses in 2024 ✅  Tesla shares slump over 9% after European sales fall ✅  BMW Group pauses MINI EV production at Oxford plant, blaming slow EV sales and, separately, BMW delays agency move ✅ Used EV prices set to stabilise in 2025 as market share increases, says Cox Automotive ✅ Cash-strapped drivers are missing services and ignoring warning lights Plus #AllTheChatterThatMatters with your co-hosts Curtis and Philip   Have a successful March plate change, everyone!!!!   #automotive  

🚨PODCAST EXCLUSIVE! 🚨   We’ve got the lowdown on February's 0.4% rise in used car trade values in our special weekday pod interview with cap hpi’s Jeremy Yea, powered by MOTORS.   🚗 As ever, lots of moving parts came into play over the course of the month, with Jeremy covering the key trends by age, vehicle segment and fuel type.    🚗 Also, details on average days to sell and feedback on stock levels and demand from the auction houses. 🚗 Plus, Jeremy's thoughts on how values are likely to perform as we enter the March plate-change.   And #AllTheChatterThatMatters with your hosts Curtis and Philip! 📢 Don't miss cap hpi's next webinar on 10 March at 2pm. Register at: https://solera.zoom.us/webinar/register/WN_Lfn5ENgiT0KgLSPykVewmg

  🚗STREAMING NOW🚗  A packed Motor Trade Radio podcast this week, powered by MOTORS. As well as all the breaking stories we catch up with Vertu boss Robert Forrester and Oliver Phillpott CEO of start-up Generational.   ✅ Dealers urged to be upfront on commission payment issues, as buyer doubts grow in latest MOTORS survey   ✅ The Supreme Court rejects Chancellor Rachel Reeves' intervention in car loans case ✅ Lloyds Banking Group ring-fences £1.2bn for handling car finance crisis, as bank puts aside additional £700m ✅ Which? survey finds EV battery degradation may be less severe than widely expected  ✅ Service plans identified as a key driver for customer satisfaction, finds JudgeService survey   ✅ And a long forgotten European car company is about to be revived as a budget EV and petrol brand   Plus #AllTheChatterThatMatters with your co-hosts Curtis and Philip

⚠️BONUS EPISODE ⚠️    We’ve just caught up with Vertu boss Robert Forrester on the Motor Trade Radio podcast, powered by MOTORS. Robert takes us through the group’s latest trading update and why he thinks the ZEV mandate has had such a negative impact on the business.   And, on the eve of the March plate-change, he shares his thoughts on current and future trading.   Plus his views on the damage done to vehicles by eco protesters at Vertu Land Rover sites over the weekend.   #AllTheChatterThatMatters on Motor Trade Radio. #automotive

🪫EV SUPPLIER SPECIAL PODCAST🪫Our latest Motor Trade Radio Supplier Special is dedicated to Generational, the specialist supplier of electric vehicle battery health checks and certification services to car dealers.   We’re joined by CEO and Co-Founder Oliver Phillpott, who outlines how this dynamic start-up was launched to address the concerns of dealers and used car buyers over battery life and how it has developed a user-friendly way of measuring degradation.   Its service enables dealers to conduct battery health checks and certify the state of health of batteries for the growing volume of EVs entering the used car market. Oliver shares some of his dealer group's success and reveals what’s next for this dynamic new company.

Catch up with #AllTheChatterThatMatters on the Motor Trade Radio podcast, powered by MOTORS. Headlines this week from AM, Car Dealer and Motor Trade News.   ▶️ Strong used car market should bring cheer to dealers, as SMMT reports 5.5% rise in used car sales in 2024 ▶️ Carmakers are on course to miss ZEV mandate targets by 346,000 units by 2028, according to the latest forecast from Cox Automotive ▶️ Vertu battles margin squeeze as ZEV Mandate shakes car market and group warns of reduced FY profits ▶️ Evans Halshaw confirms fresh wave of dealership closures, as Lithia wields the axe once again ▶️ Suzuki to cut UK dealer network as bosses blame impact of ZEV mandate targets ▶️ Latest senior industry appointments from Jigcar and Omoda/Jaecoo   PLUS this month’s [M]enable Moment on the importance of self care from our mental wealth guru Stephen Whitton.   #AllTheChatterThatMatters with your co-hosts Curtis and Philip  

🎙️EXCLUSIVE POD INTERVIEW!   This week on Motor Trade Radio, powered by MOTORS, we’re in conversation with industry guru turned dealer boss…Steve Young. Steve’s heading up the UK debut of Çetaş Otomotiv, Turkey’s largest dealer group, as MD of Auto West London. Just nine weeks after moving into the former Tesla showroom in Chiswick, Steve and his team are on course to open the doors of this new Omoda and Jaecoo dealership in time for the March plate change.   In our wide-ranging conversation, Steve talks us through how the project came about, how the opening schedule is coming along and future plans for Çetaş Otomotiv in the UK. Spoiler alert…it plans to grow in the West London area!   Don’t miss this fascinating insight into launching a dealer business with a blank sheet!   #AllTheChatterThatMatters on Motor Trade Radio. #automotive

📣WEEKEND POD ALERT: We’ve trawled through the week’s big headlines for you on the Motor Trade Radio podcast, powered by MOTORS!   Headlines this week from Car Dealer, AM, Motor Trader and the FT, including:   📉 January’s new car and van registrations down 2.5% and 20.5% respectively 🚗 The used car market also got off to a slow start for franchised dealers and car supermarkets, according to MOTORS’ Market View analysis 💰 The possible impact of President Trump’s threat of trade tariffs on the global automotive industry…it’s not good! ☑️ The latest people movements with changes at the top at Arnold Clark and Vauxhall and two high-profile recruits to the Independent Motor Dealers Association. 🎙️We also catch up with Tracker MD Mark Rose, the UK’s leading stolen vehicle recovery specialist, to discuss how the business is working with dealers to provide additional revenue streams and value-added products.   Plus, #AllTheChatterThatMatters with your co-hosts Curtis and Philip  

📢PODCAST SPECIAL! With vehicle theft at a 15-year high, our latest Motor Trade Radio Supplier Special showcases Tracker, the UK’s leading stolen vehicle recovery specialist, with managing director Mark Rose in conversation with Philip and Curtis.   Together with the police, Tracker recovered more than 1,100 stolen vehicles worth over £20 million last year alone. It typically recovers an average of £1.5 million worth of stolen vehicles monthly.   With over one million systems installed to date, Mark discusses how the business collaborates with car dealers to provide additional revenue streams and value-added products for their customers.   🎧Listen here