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Pentagon Motor Group, a division of Motus Group (UK) Ltd, is celebrating a remarkable early sales achievement in partnership with Chinese automaker BYD. Since signing up with BYD late last year, Pentagon Motor Group has reported selling approximately 60 BYD vehicles at its Lincoln-based Pentagon Motor Village site within just one month. Pentagon MD, David Peel, expressed his admiration for BYD after attending the Munich Motor Show, where the Chinese brand made a significant impact. He highlighted BYD's flexibility in producing diverse vehicle models across different market segments. The initial UK offering includes models such as Atto 3, Dolphin, and Seal, all designed with UK consumers in mind. Peel stated, "I was extremely happy to announce our partnership with BYD and am even happier to report that we have already sold some 60 vehicles in the first full month of operations." Pentagon officially termed this figure a "significant early sales success."

Watch video on YouTube here: https://youtu.be/F3dFgcjUyLM

Pentagon Motor Group, a division of Motus Group (UK) Ltd, is celebrating a remarkable early sales achievement in partnership with Chinese automaker BYD. Since signing up with BYD late last year, Pentagon Motor Group has reported selling approximately 60 BYD vehicles at its Lincoln-based Pentagon Motor Village site within just one month. Pentagon MD, David Peel, expressed his admiration for BYD after attending the Munich Motor Show, where the Chinese brand made a significant impact. He highlighted BYD's flexibility in producing diverse vehicle models across different market segments. The initial UK offering includes models such as Atto 3, Dolphin, and Seal, all designed with UK consumers in mind. Peel stated, "I was extremely happy to announce our partnership with BYD and am even happier to report that we have already sold some 60 vehicles in the first full month of operations." Pentagon officially termed this figure a "significant early sales success."

Watch video on YouTube here: https://youtu.be/iUzqys57kbI

In a recent discussion on the Car Dealer Podcast, Neil Smith, a prominent figure in the motor trade, praised online disruptors Cazoo and Cinch for their remarkable achievements in the industry, despite facing significant financial setbacks. Smith, the CEO of Motorvait and a former associate of Cazoo, highlighted the impact of these companies on the automotive market. Cinch, despite reporting a substantial £181 million loss in 2023, managed to turn over more than £1 billion. Cazoo, on the other hand, acknowledged its own cash crisis, raising concerns about its future. However, Smith remained optimistic about their contributions to the industry. Smith noted that both Cazoo and Cinch have demonstrated the existence of a viable market for selling cars exclusively online. He emphasised that consumers fall into different categories, including "proactive showroom visitors," "reluctant showroom visitors," and "digital adopters." While some prefer the traditio

In the dynamic world of the motor trade, Land Rover models have once again proved to be the golden ticket for used car dealers, leading the profit charts for the third consecutive year in 2023. This impressive feat is revealed in the latest data from Dealer Auction, a trusted source in the motor trade news landscape. The iconic British marque, Land Rover, has consistently dominated the firm's monthly lists throughout the year, clinching the top spot for both brands and models. The Range Rover Evoque takes the coveted first place in the annual models list, boasting an average profit of £3,325 for car dealers, as reported in Dealer Auction's 'Retail Margin Monitor' report. This achievement marks a changing of the guard, dethroning last year's winner, the Land Rover Discovery 4, which delivered an average profit of £4,340 in 2022. Land Rover's influence doesn't stop at the Evoque; another Land Rover model, the Freelander 2, also secures a place in this yea

Redgate Lodge, a family-owned used car dealer based in Shiremoor, is gearing up to sell more cars with the recruitment of Paul Keighley as its Operations Director in a newly established role. With over 40 years of industry expertise and a track record with top dealer groups and brands, including Audi Colebrook & Burgess, Porsche & Bentley JCT 600, and the former Benfield Motor Group in Newcastle, Keighley is a seasoned professional in the motor trade. His distinguished career is further underscored by the prestigious Gold Pin recognition from Volkswagen, a testament to his exceptional contributions to the industry. Paul expressed his enthusiasm for joining Redgate Lodge, highlighting the exciting prospects it offers as a family-run business with a strong history in the motor trade and ambitious growth plans for the future. Keighley said, "The minute I met Scott and the management team at Redgate, it was clear there was an exciting opportunity for me to join a family-r

Despite a challenging end to the previous year, Auto Trader reports that the used car market is standing on a 'firm footing' as it enters 2024. Their monthly Retail Price Index indicates a 5.6% year-on-year decrease in used car prices in December, averaging at £17,064, slightly lower than November's £17,319. However, there's optimism in the air. Auto Trader's analysts discovered that consumer demand remained robust throughout December, registering an impressive 11.7% growth compared to December 2022, marking the strongest pace of expansion since July. Overall, used car transactions increased by 4% in the final month of the year, leading to Auto Trader boosting its Market Health metric from 6% in November to a healthier 10.6% in December. The beginning of January has brought more good news, with site visits up by nearly 4% during the first week of 2024, following over 67 million cross-platform visits in December, a year-on-year increase of 10.2%. Furthermore, us

In exciting motor trade news from cardealermagazine.co.uk , Volkswagen Group is making a remarkable comeback, edging closer to pre-pandemic sales levels. Figures released on January 9th reveal that their sales soared by an impressive 12% in 2023, reaching a total of 9.24 million units. This significant growth surpasses the 8.3 million units sold in 2022 and nearly matches the 9.3 million sales achieved in 2020. The remarkable rebound signals a return to normality for the automotive industry after grappling with supply chain challenges brought about by various factors, including the war in Ukraine and semiconductor shortages. One highlight is the group's commitment to electric vehicles (EVs), with sales of EVs increasing by a remarkable 35%, reaching 770,000 vehicles. This surge comes despite earlier concerns about a lack of demand for EVs in recent months. China played a pivotal role in Volkswagen Group's success story, with the company selling 191,800 electric cars in the

The UK has put new regulations into effect requiring carmakers to sell a minimum percentage of brand new pure electric cars and vans. As of January 3rd, car manufacturers must ensure that at least 22% of their new car sales are zero-emission vehicles, while the figure for new vans is set at 10%. These requirements will gradually increase, aiming for 80% of new cars and 70% of new vans sold in the UK to be pure electric by 2030. Originally, the government had planned for 100% of new car sales to be pure electric by 2030, but this target was extended to 2035 in September of the previous year. Car manufacturers that do not comply with these new rules or do not utilize the allowed flexibilities, such as carrying over allowances from previous years, will face penalties amounting to £15,000 per polluting vehicle sold beyond the specified limits. It is essential to note that this mandate is a devolved policy, developed in collaboration with the Scottish government, Welsh government, and