Auto Trader has announced pre-tax profits of £211 million from £330m revenues during the year to March 31.
Delegates at AM DigiTech heard that EVs and online sales will bring dealers massive disruption, but also profit opportunity
Suzuki GB will launch its new Swift Sport performance hatchback with a £1,500 discount available to customers who buy the car before the end of June.
Volvo Car UK has teamed up with online retail specialist Amazon in a bid to drive convenient access to its vehicles with a ‘Prime Now test drives’ initiative.
“Car dealers need to make their pretty websites into e-commerce platforms”, iVendi chief executive James Tew has insisted following the publication of the finance specialist’s first-ever Report on Online Motor Retailing.
The new and used car markets can be a bit of a challenge during the month of April with plenty of distraction for the retail consumer often leading to a patchy month in terms of both demand and sales.
PCP car finance offers continued to dominate the sector in April with a 21% increase in volumes over the same period in 2017, enquiryMAX has revealed.
Startline Motor Finance has seen franchised car dealerships achieve 50% penetration with a new “flexible prime” PCP product launched only last month.
Tony Patterson, the director of automotive at Summit Media, on how the motor retail industry is becoming more open-minded about e-commerce and new ideas
A new study by Auto Trader into the diversity of the motor industry has found that 94% of women don’t trust car dealerships.
Mitsubishi Motors in the UK will open “12 car retail stores” in high-footfall shopping locations as it pushes towards a new omni-channel car sales strategy in partnership with Rockar.
Independent retailers offering PCP funding on used cars have an opportunity to grow their sales during 2018 but may be challenged by new contract hire companies, according to Adesa Remarketing.
The Shpock online marketplace has launched its new platform for car dealers with TV advertising campaign and the promise of access to over 700,000 monthly UK users.
Rockar MD Martin Sewell will discuss the omni-channel car retail business's “way forward” after landmark partnerships with Next and Ford at AM DigiTech on April 17.
The Financial Conduct Authority has re-stated its intention to focus on transparency, affordability and car dealers' comission arrangements in its Business Plan 2018/19 as an investigation continues into the motor finance sector.
The used car market performed surprisingly well during March despite the best efforts of the continued bad weather to disrupt it.
Drivers in the West Midlands are paying £177 more to run their cars than any other region in the UK, prompting them to buy smaller, more efficient cars.
Even as ‘diesel demonisation’ and digital buying cause concern, car dealers are driving the search for new profit sources
The Financial Conduct Authority has said that it will continue investigations into the “risk of harm” posed by motor finance, with its final findings expected to be delivered in September.
Hyundai’s dealerships have been assured they still have a major role to play in the future of the brand after it unveiled plans for further digitalisation of both the new car selling process and aftersales.
Tactics to influence a consumer’s behaviour and win their sale will be shared at the AM Digitech conference on April 17.
Car dealers’ ‘addiction’ to the lowest possible monthly PCP payments is unsustainable for motor retailers and their brands in the long term.
Auto Trader has insisted that the car “finance bubble” is not about to burst, claiming that the affordability it delivers is key to social mobility and cleaner motoring in the UK.
Cap HPI has revealed the average price of a new car has risen 38% over the last decade, with a PCP-fuelled push towards SUVs and premium cars the main driver of change.
The slowdown in diesel car demand and changes to the way consumers are buying used cars ensured delegates had plenty to learn at Automotive Management Live
