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In an exclusive event hosted by Car Dealer Live 2024, Cox Automotive analysts, renowned for their association with brands like Manheim and Dealer Auction, are set to delve deep into the used car market. Phil Nothard, the firm's insight director, will present fresh data, shedding light on consumer preferences, attitudes towards fuel types, and the impact of AI on the motor trade. This event, scheduled for March 7 at the British Motor Museum, promises a day brimming with research sessions, panel discussions, and captivating interviews with industry giants like Peter Vardy and Peter Waddell. Nothard emphasises the importance of understanding the intricacies of the evolving automotive landscape, from shifts in buying and selling channels, including virtual and digital spaces, to the transition to electrification. Cox Automotive's unique position, spanning from the factory gate to the scrapyard, provides invaluable insights into the used car market's current state and po...

In an exclusive event hosted by Car Dealer Live 2024, Cox Automotive analysts, renowned for their association with brands like Manheim and Dealer Auction, are set to delve deep into the used car market. Phil Nothard, the firm's insight director, will present fresh data, shedding light on consumer preferences, attitudes towards fuel types, and the impact of AI on the motor trade. This event, scheduled for March 7 at the British Motor Museum, promises a day brimming with research sessions, panel discussions, and captivating interviews with industry giants like Peter Vardy and Peter Waddell. Nothard emphasises the importance of understanding the intricacies of the evolving automotive landscape, from shifts in buying and selling channels, including virtual and digital spaces, to the transition to electrification. Cox Automotive's unique position, spanning from the factory gate to the scrapyard, provides invaluable insights into the used car market's current state and po...

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...