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Finance providers see ‘plenty of opportunity’ for growth ...

https://www.am-online.com/news/finance/2021/02/04/finance-providers-see-plenty-of...

Finance and Leasing Association (FLA) members feel there are ‘opportunities for growth’ this year – if the COVID-19 vaccination programme proves successful. Respondents to the FLA’s Q1 2021 Industry Outlook Survey were divided on the outlook for economic conditions, with 52% expecting some ...

Charles Hurst: The people powerhouse at the heart of ...

https://www.am-online.com/dealer-management/dealer-profiles/charles-hurst-the-people...

While the acquisitions have grown its headline financials and provided scale, Lookers has actually slipped down the tables in the AM100 Update on page 24 for profit before tax per outlet (in 16th place with £448,366 this year, down from 10th and £510,656 last year) and its return on capital employed has declined from 23.5% to 21.2%.

AM & Auto Trader Digital Marketing Conference report ...

https://www.am-online.com/news/2015/4/1/getting-inside-the-mind-of-the-digital-car...

He said digital promotions must emphasise the risks as well as the benefits – for example, that a longer finance term may mean the consumer pays more interest. “Don’t obscure important information statements or warnings. Consumers are more likely to trust you if you make the warnings clear.”

Why SW Car Supermarket MD Anton Khan believes in taking ...

https://www.am-online.com/dealer-management/dealer-profiles/why-sw-car-supermarket-md...

Profit before tax is expected to double this year, but Khan is expecting further improvements once the company’s preparation centre is working at full capacity. There is even scope to expand the preparation centre’s workshops to cater for retail aftersales work as a growth opportunity driven by service plans.

Pendragon founder Trevor Finn to start 'next chapter' in ...

https://www.am-online.com/news/people-news/2020/05/01/pendragon-founder-trevor-finn...

Pendragon founder Trevor Finn has suggested that he is poised to make a return to the automotive sector almost 12 months after departing the former AM100-topping car retail group.. In a post published on social networking website LinkedIn yesterday (April 30), Finn presented a timeline of highlights from his time with the group, from its stock market floatation in September 1989 and leading ...

Used demand 'softening' as values reach record levels ...

https://www.am-online.com/news/market-insight/2016/10/17/used-demand-softening-as...

A multi-award-winning news journalist, Tom is news and features editor for Bauer Media’s AM brand. His role demands he keep abreast of all industry and business news to provide coverage of the franchised automotive retail sector and the wider automotive industry, while assisting in the management of the magazine’s production and AM events.

Eight questions to…Colin Hutton, fleet director at Vindis ...

https://www.am-online.com/dealer-management/talent/eight-questions-tocolin-hutton...

Digital marketing; Finance and insurance ... in 2019 we will see products arrive that will be competitively priced and will have a range that will make them attractive to all users. The challenge is making people aware of how easy they will be to use in real life and actually, in many instances, make life easier and more cost-effective ...

Voluntary PCP terminations 'at record high' | Finance

https://www.am-online.com/news/finance/2017/03/22/voluntary-pcp-terminations-at-record...

The company says this indicates strong demand for new vehicles, caused by relatively cheap finance agreements which make premium brand cars more affordable. G3’s director Matt Dale (pictured) said: “The PCP model has forced a shift in the UK motor industry, with 60% of new cars now being bought via this method.

1-in-10 consumers to make their next car an EV, says ...

https://www.am-online.com/news/market-insight/2020/02/04/1-in-10-consumers-to-make...

A total of 40% of survey respondents expressed interest in moving to a digital purchasing experience for their next vehicle. Woodward stated: “Looking further into the future, the way in which consumers are able to make their vehicle purchase could also become a key consideration for the uptake of EVs.

Marshall Motor Holdings achieves sixth annual Best ...

https://www.am-online.com/news/dealer-news/2020/05/01/marshall-motor-holdings-achieves...

Marshall chief executive, Daksh Gupta, said: “First and foremost, I would like to thank all of our colleagues for making Marshall Motor Group one of the UK’s best places to work. “People are at the heart of our business and creating a positive working environment and culture for every colleague has a huge positive impact on our business.

How car dealers can navigate the cash flow peaks and ...

https://www.am-online.com/dealer-management/retailing/how-car-dealers-can-navigate-the...

Managing cash flow is essential in any business, but the more pronounced peaks and troughs of motor retail – made worse by events such as the VED road tax change and Brexit uncertainty – make effective cash flow management even more of a challenge for car dealers.

The essential guide to marketing | Insight

https://www.am-online.com/independents/insight/the-essential-guide-to-marketing

The UK’s leading event for motor retailers. TWO days of insightful, engaging content that Automotive Management LIVE is known for whilst enabling our audience to connect with the full range of suppliers to motor retail, learn and share industry best practice, and discuss how to prepare for the future of motor retail.

Vertu Motors' 2020 profits ‘ahead of forecasts’ after ...

https://www.am-online.com/news/dealer-news/2021/02/04/vertu-motors-2020-profits-ahead...

Vertu Motors has reported that it expects its pre-tax profits for the financial year ending February 28, 2021, to exceed analysts’ current £18 million forecasts. In a Trading Update issued this morning the AM100 PLC said that “strong marketing activity, maximisation of omni-channel retailing ...

Citroen UK dealer conference reveals top performing ...

https://www.am-online.com/news/dealer-news/2020/01/14/citroen-uk-dealer-conference...

"By making changes now to ensure the network is fit for the future 100% total absorption, including used car direct profit, is more than achievable; a new focus and team engagement are the keys. "Take 2020 as the opportunity to reboot the business and ensure you are ready for the future; check yourself against the key points from the conference ...

Car dealer profitability ‘likely’ to end 2019 9% down ...

https://www.am-online.com/news/market-insight/2019/12/06/car-dealer-profitability...

The UK’s leading event for motor retailers is going VIRTUAL. TWO days of insightful, engaging content that Automotive Management LIVE is known for whilst enabling our audience to connect with the full range of suppliers to motor retail, learn and share industry best practice, and discuss how to prepare for the future of motor retail.

Eddie Hawthorne on making Arnold Clark a modern retailing ...

https://www.am-online.com/dealer-management/dealer-profiles/eddie-hawthorne-on-making...

“In the digital journey, the customer now does most of the processing themselves, which leaves us more time to actually sit down and talk to them.” ... Most of the profits after tax and dividends are re-invested into the business. It doesn’t borrow money to buy anything substantial and 96% of its 330 properties are freehold.

Trading Update - AM-online

https://www.am-online.com/tag/trading-update

Pendragon's digital car sales strategy targets £85m to £90m profit by 2025. Pendragon will rebrand and restructure its Car Store used car division while driving digital innovation in a new growth strategy which it hopes will deliver an underlying profit before tax of £85m to £90m by 2025.

EV demand leaves Kia dealers with a potential headache ...

https://www.am-online.com/dealer-management/manufacturer-insight/ev-demand-leaves-kia...

“But from next year, the BIK will make EVs far more attractive. On a £35,000 EV, a 40% taxpayer is going to see a reduction from £2,500 per year to just £250. “A business with 50 EVs will see national insurance contributions drop from £35,000 to £4,000. It’s an absolutely massive change, which is bound to stimulate the growth.”

Pendragon agrees £17.2m California Chevrolet dealership ...

https://www.am-online.com/news/dealer-news/2019/08/16/pendragon-agrees-172m-california...

Pendragon has completed the £17.2 million disposal of its Chevrolet car dealership in Puente Hills, California. The AM100’s third-placed franchised retail group announced the transaction in a statement issued via the London Stock Exchange this morning (August 16).

HMRC wins case against tax avoidance scheme on car repairs ...

https://www.am-online.com/news/2013/5/15/hmrc-wins-case-against-tax-avoidance-scheme...

A tax avoidance scheme designed to avoid VAT on car repairs that could have cost the Exchequer £600 million a year has failed after a successful challenge by HM Revenue and Customs (HMRC). The scheme involved the restructuring of a group selling car warranties so that VAT on car repair services could be recovered.

AM/NFDA Franchised Dealer Conference: Event preview ...

https://www.am-online.com/news/2011/6/14/am-nfda-franchised-dealer-conference-event...

Digital marketing is the most effective form of marketing you can perform as a motor retailer. You are probably sick to death of hearing that 90% of car buyers start their buying journey online but the sad fact of the matter is that most dealers are simply not making the most of their digital real estate.

Alan Day Volkswagen MD Paul Tanner on dieselgate, rising ...

https://www.am-online.com/dealer-management/dealer-profiles/alan-day-volkswagen-md...

As Paul Tanner, managing director of Alan Day Volkswagen, mulled over 2016 results showing a pre-tax loss of £349,729 (for a year in which turnover rose 0.4% to £88.27 million), he acknowledged that there is a sense his three-site operation has found itself facing a ‘perfect storm’.

Cost vs profit: how car dealers can balance the overheads ...

https://www.am-online.com/dealer-management/retailing/cost-vs-profit-how-car-dealers...

It’s about planning and reviewing to make sure systems are being utilised in the most effective way.” MHA tax director Nigel Morris added: “IT costs may be seen as an overhead, but the right systems working the right way can help manage compliance and be enablers to efficiency and future online and cloud based trading.” Spending on the site

5 minutes with… John O’Donnell, managing director, EMaC ...

https://www.am-online.com/dealer-management/supplier-insight/5-minutes-with-john-o...

Over the 13 years , annual sales growth has gone from about 5,000 to 450,000 and currently there are over 1.5 million live plans among more than 1,000 dealer groups at 6,000 sites, making us the number one service plan provider.

Peter Vardy: How to build ‘a world-class organisation’ (in ...

https://www.am-online.com/dealer-management/dealer-profiles/peter-vardy-how-to-build-a...

Vardy carefully planned the structure of the business before he bought his first dealership just over 10 years ago. He’d worked in a variety of roles in Reg Vardy, which his father, Sir Peter Vardy, had built into one of the largest UK dealer groups until its sale to Pendragon in 2005.

Big Motoring World eyes future growth after 34% profit ...

https://www.am-online.com/independents/news/2020/05/27/big-motoring-world-eyes-future...

Big Motoring World Group has revealed a 43% growth in turnover and a 34% increase in pre-tax profits in a statement detailing the successes of its performance in 2019. The independent car retailer saw its revenues rise by £88 million, to £294m and PBT from £8.1m to £10.8m, in the period to December 31, 2019 as its sales volume exceeded ...

Sinclair Group MD Andy Sinclair on making record RoS with ...

https://www.am-online.com/dealer-management/dealer-profiles/sinclair-group-md-andy...

The South Wales retail group, which has held 35th place in the AM100 for the past two years, achieved a 1.2% return on sales (RoS) figure on £425 million turnover (down 8.5%) and profit before tax of £5.1m (up 41.7%) in 2018.

Cambria Automobiles profits up 32% | Car Dealer News

https://www.am-online.com/news/2013/11/26/cambria-automobiles-profits-up-32-/33989

Cambria Automobiles has increased underlying profit before tax by 32% to £4.1 million in its preliminary results for the year ended August 31, 2013. The dealer group saw revenues increase by 12% to £395.8m and the results were boosted by the strong new vehicle market, with Cambria seeing a 16.1% increase in new car sales.

HMRC gives clear message of VAT treatment of car dealer ...

https://www.am-online.com/news/finance/2018/07/18/hmrc-gives-clear-message-of-vat...

Confusion over how dealer deposit contributions should be treated in relation to VAT is set to end. HM Revenue & Customs (HMRC) has outlined in its Revenue & Customers Brief 7 (2018) that dealer deposit contributions (DDC) are not subject to VAT and it has invited companies to make a claim to recover overpaid output tax.

Loss-making Audi and Volkswagen sites cause Caffyns ...

https://www.am-online.com/news/dealer-news/2019/11/22/loss-making-audi-and-volkswagen...

2019 half-year pre-tax profits at Caffyns have plunged 92% from the same period in 2018 as it battled Volkswagen and Audi supply problems and “a difficult economic and political background”. The franchised dealer group’s revenues for the period also fell to £100 million from £106m in H1 2018.