Marketing & CRM - Page 25
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Growth in the face of COVID-19 an ‘unexpected positive’, says Alphera boss
A 21% rise in finance applications was not what Alphera Financial Services head Preston Rogers anticipated when he was tackling the fall-out of COVID-19 in 2020 – but that is what the business delivered.
Agency model retail could free-up car dealers to pursue used car growth
Used car retail has long been an area of the market for retailers to show their entrepreneurial flair. But the focus on this area of the business could be even more important in the coming years.
What does a target-free agency model future hold for franchised car dealers?
The benefits of an agency-style model, where the new car journey is managed online and manufacturers pay a handling fee to retailers, largely outweighs the disadvantages, according to senior executives at dealer groups already experiencing mixed commissions at work in their businesses.
COVID impact sees Auto Trader profits decline 38% in 2020/21
Auto Trader suffered a 29% decline in revenues and 38% reduction in operating profit as it acted to mitigate the impact of COVID-19 on its car retail customers, its 2020 annual financial results have revealed.
CarSupermarket and Motor Depot owner Aramis Group targets £481m IPO
CarSupermarket and Motordepot owner Aramis Group is hoping to raise as much as £481m through an initial public offering (IPO) at as its targets “profitable growth” – including dealership acquisitions.