Volvo CEO's unfinished car, Lithia results revealed and Omoda’s grand UK plans

This week's not-to-be-missed motor trade news stories all digested for you in one place by our editor-in-chief

Welcome to this week’s review of the Car Dealer headlines that you really cannot afford to miss.

In this briefing, I take a look at Volvo’s unfinished car debacle and we hear about Omoda and Jaecoo’s grand expansion plans for the Chinese car maker in the UK.

We also get a glimpse into how it’s going for the Americans that bought into the UK, as Lithia’s British arm reports on its financial results for 2023. 

Also featured in this week’s briefing are:

• Auto Trader

• Letchworth Motor Auctions

• John Clark Group

• Zapmap

• Nissan

• Suzuki’s Dale Wyatt

• Cazoo

• Heritage Automotive

Ok, let’s get into the headlines and my take on the week’s news. 

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What’s happening?

This week I caught up with Auto Trader’s COO Catherine Faiers. I always enjoy our catch-ups and our video interview will be published early next week.

What she had to say about the state of the current new car market was fascinating and I was buoyed by her cautious optimism. We talked at length about the dynamics at play and the issues the industry is facing at the moment.