The average UK car retailer saw profitability decline by 75% year-on-year in October and is likely to end 2019 with a 9% overall reduction in overall profit, ASE has reported.
Almost half of car dealers expect to deliver growth in the coming 12 to 18 months despite the uncertainty surrounding the impending General Election, Brexit and the roll-out of electric vehicles (EV).
Increased economic uncertainty in the run up to the UK’s upcoming General Election has been blamed for a slow-down in recruitment for automotive sector job roles.
Birchwood Motor Group has become the latest franchised car retail group to launch an online car sales platform with the help of GForces.
On-screen stars from across the car retailer sector have been shortlisted for CitNOW’s 2019 Video Awards.
Glyn Hopkin claims to have halved its used car days in stock within 30 days after rolling out a new group-wide focus on ageing stock and introducing new pricing parameters.
The UK was one of just three European nations to experience a decline in new car registrations the region’s delivered 8% volume growth during October – its best result during the month for a decade.
Cox Automotive has predicted a 1.3% year-on-year decline in new car sales and 2.7% decline in used car sales volumes in Q1 2020.
Criminals are using WhatsApp groups to plan and execute car thefts, according to vehicle protection specialists at AX.
AutoProtect Group has appointed former Aviva managing director Matthew Briggs as its new chief executive after extending its portfolio of services with the acquisition of DealTrak.
Used electric vehicle (EV) values continued to rise as consumers warmed to electrification during October as petrol powered cars faltered and diesel vehicles showed signs of growing demand, according to the Auto Trader Retail Price Index.
Swansway Group is hoping to take on web-savvy used car supermarkets with a newly-launched Motor Match website offering free provenance checks and independent review content to assist consumer car searches.
Cox Automotive is inviting nominations for the Barbara Cox Woman of the Year Award 2020 as part of its efforts to “shine a light on successful women” working across the sector.
Franchised car retailers will have to continue to drive the efficiency of their used car sales in order to maintain profitability during 2020, according to epyx.
Over a third of car retailers (34%) believe that half of the new cars sold in the UK will fall into the Government’s ultra-low emission vehicle category by 2030.
Small SUVs dominated October’s fastest selling used car rankings as the Audi Q3 led the pack, according to data published by Indicata.
Manheim has launched a new suite of valuation and appraisal products to support dealers with the part-exchange process.
Research conducted among 2,000 motorists has shown that 90% of car buyers are more likely to make a purchase when if presented with accurate vehicle service history documentation, revealed HPI.
Auto Trader has said that the Renault Zoe’s dominance of its fastest selling used car rankings for November demonstrates car buyers’ growing appetite for electric vehicles (EV).
October has been a volatile month politically and economically with warnings around future investment in the UK and the viability of running certain business types amid major UK business failures in the retail sector.
The latest car dealer profitability analysis from ASE has revealed that the average retailer experienced a £3,000 year-on-year increase in profits during September.
While car retailers and automotive suppliers are heading to today’s Automotive Management Live expo with the hope of networking face-to-face AM is keen to hear of your experiences of the event on social media.
Carwow has appointed Sep Arani as its new head of OEM ten months after Audi’s former future mobility operations manager joined peer-to-peer car sharing provider hiyacar.
Traditional online vehicle searches which demand that car buyers select a car manufacturer brand first are “too limiting”, according to iVendi.
The volume of customer enquiries made to UK dealerships rose by 20% year-on-year during Q3 of 2019, according to new data published by Marketing Delivery.
