WELCOME TO ID SPRING 2018
There has been plenty of action in the short history of our ID50 ranking of the UK’s largest independent dealers by turnover. Now in its third year, we have seen yet another major group lose its independence – the Carnell family sold off The Car People to franchised dealer Sytner, barely a year after Sytner also took CarShop out of the ID50 and, in the process, became the UK’s largest dealer group.
The acquisitions remain sporadic, however. More frequent at present are ID50 dealers buying extra land to increase their existing forecourt capacity to allow for higher sales volumes, or purchasing additional freehold or leasehold properties to take their brand into new territories.
With the number of franchised dealerships in decline, there are properties readily available for independent car dealers capitalising on the high volumes of two- to six-year-old stock available thanks to three years of unusually high new car registrations.
The independent classic car specialists no longer appear to be where it is at. Their earnings per member of staff remain strong, given the low fixed overheads under which many operate, yet their overall profits are in decline as the market values falter for all but the best and rarest examples.
Look out for your next Independent Dealer magazine this autumn, and do get in touch with me at firstname.lastname@example.org if there is something you would like to see more of. Meanwhile, make
am-online.com/independents your regular source of industry news.