AM's exclusive research of franchised and independent dealers reveals the opportunities and threats 2021 may bring.
The temporary closure of Honda’s Swindon plant due to parts shortages this week could be the “tip of the iceberg” for new car supply issues in 2021.
The UK Government’s reinstatement of the VAT margin scheme for Northern Ireland’s used car retailers has “cut-off” a logical supply route to the Republic of Ireland.
The cinch online car retail platform has appointed Robert Bridge as its new chief customer officer – bringing leadership experience from Yahoo, The Telegraph and Childs Farm.
Carzam has expanded its senior management team with the appointments of two motor trade experts.
Online car retailer Cazoo has revealed that intends to open 12 more Customer Centres to facilitate click and collect car handovers after opening its 14th location in Newport Pagnell.
Auto Trader has once again renewed its call for car retailers to “hold firm with their prices” amid optimism that pricing will remain strong in Q1 – despite the showroom closures of COVID-19 ‘Lockdown 3’
Used electric vehicles (EV) appear to have fallen out of favour with car buyers struggling to justify their cost in comparison to petrol and diesel alternatives, according to Autorola.
Dealers can improve their used car sales performance during lockdown by offering buyers a simple online transaction process.
A post-Brexit VAT issue that will see 20% added to the cost of used cars imported from mainland Britain and sold by car dealers in Northern Ireland is “not going away”, AM has been told.
Car auctions have indicated that it will remain business as usual for stock-sourcing dealers during the latest COVID-19 lockdown across the UK.
Auto Trader has announced that it will axe car dealers advertising package fees for February following the announcement of renewed COVID-19 lockdown measures across the UK.
Peter Vardy will go head-to-head the likes of Cazoo and cinch with a rebranded and expanded used car retail division following improved turnover and profitability in its 2019 annual financial results.
Motorpoint will go live with a new television advertising campaign on Boxing Day, side-stepping the use of a ‘Your Car, Your Way’ slogan which created tensions with Pendragon.
Motorpoint has appointed former Speedy Hire group finance director Chris Morgan as its new chief financial officer following the resignation of James Gilmour from the post.
Award-winning Groupe Renault retailer Mitchells is courting new car franchises after acquiring Vauxhall specialist Kerridges, at Halesworth.
Aston Barclay will host two e-Live online auction events between Christmas and the New Year to help dealers source used car stock during the festive period.
Cox Automotive has seen “unseasonal dealer activity” towards the end of this year in the new car market ahead of a potential no-deal Brexit.
CD Auction Group will launch its new Vehicle Tradex dealer-to-dealer used car trade platform in January.
Motorway will reveal private car sellers’ reserve price after retailers requested the functionality to help better pitch their bids.
Used car values declined or remained static as Aston Barclay continued to trade vehicles online throughout November’s COVID-19 ‘Lockdown 2’in England – maintaining 70% of its usual capacity.
Motorpoint is set to roll-out the Hidden Disabilities Sunflower Scheme across its used car supermarket network in a bid to offer better assistance to people in need of additional support.
The UK Government’s ‘Lockdown 2’ COVID-19 mitigation measures in England contributed to a 22.1% decline in used cars sales during November, according to data from Indicata.
Car retailers delivery of a “stunning” used car sales performance recovery from the depths of H1’s COVID-19 lockdown helped to deliver an £53,000 average profit in October, according to ASE.
New consumer car finance volumes declined 3% in October to leave the sector 20% down year-to-date, according to the latest data from the Finance and Leasing Association (FLA).
