A quarterly dealer attitude survey carried out by Close Brothers Motor Finance has found that 92% of dealerships are confident about market prospects for 2018.
Pendragon is set to review and restructure its franchised dealer operations after issuing a profit warning to the London Stock Exchange.
Vertu Motors has reported six-months of growth in operating profit, earnings per share, dividends and return on sales despite revenues remaining flat at £1.45bn.
Franchised dealers have continued to take a hit to their profits. Data from ASE Global shows in August the average dealership lost almost £17,000.
A third of car dealers believe the cost of technology investment is a threat to their business’s future growth and profitability, according to new research from Santander Consumer Finance.
Beadles Group has reported a 12% decline in pre-tax profits to £2.6 million in its first set of annual results since its acquisition by Group 1 Automotive.
A loss of £17,000 was experienced by the average UK motor retailer in May – a result £7,000 down year-on-year.
UK dealers' Q1 profits were up 20% year-on-year, but new car volumes are off to a slow start in the first half of Q2, they warn AM.
JCT600 has recorded revenues up 7% to £1.222 billion amid challenging market conditions which prompted a £2.8 million fall in operating profit.
Three-year slump in profitability of franchised dealerships blamed on Increased competition and pressure on margins.
Automotive was the only sector which saw fewer customers receive top service first time around in 2016, according to the findings of the UK Customer Satisfaction Index (UKCSI).
Europe’s motor trade body CECRA has issued a “wake up call” to any franchised dealers who’re still ignoring changes in the sector that will hurt profitability.
Nissan dealer profits hit a record high in 2015, averaging 1.5% RoS, yet have failed to take full advantage of successive years of growth, says MD Jim Wright.
The new car market looks set to hit a record level in 2015 but dealer profitability certainly doesn’t, warns ASE Global chairman Mike Jones.
The average UK motor retailer made an average of £73,200 during the plate change month of September, according to the latest ASE figures.
The average UK motor retailer made a profit of just under £4,000 in July, matching their result for July 2014, according to ASE data.
Nissan GB's car dealer network has seen a 66% rise in dealer profitability in Q2 of 2015 after the brand made a commitment to boosting returns.
During the four month period to June 30, Vertu Motors saw continued growth in like-for-like revenues and gross profits, according to chairman Peter Jones.
The average UK motor dealership produced a marginal profit in April 2015 of £3,000.
The average UK motor dealership produced recorded a profit of just under £93,000 in March.
The average UK motor dealer made a loss of £13,500 in February, a slight increase in the loss made in February 2014.
