ASE
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Car Dealer News 18 MayScammers are posing as HMRC to defraud car dealers during lockdown
Car retailers who have sought government support during the COVID-19 lockdown period are being warned to be on their guard as scammers posing as the HMRC launch an opportunistic fraud campaign.
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Market Insight 7 MayCOVID-19 impact deals 43% March profitability blow to car retailers
The initial impact of the COVID-19 coronavirus pandemic resulted in a 43% decline in profitability for UK car retailers during the key March number plate change month, ASE data has revealed.
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Used Cars 24 AprPetrol values show signs of wobbling in early 2020 used car market
While used car performance helped to deliver stable levels of profit and volume in 2019 there have been some signs of an early wobble in 2020 with pressure on petrol values in particular.
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Market Insight 9 AprGovernment furlough portal set to open amid car retail fraud allegations
Franchised car retailers have been accused of abusing the Government’s Job Retention Scheme (JRS) as businesses across the UK prepare for the opening of the HMRC's portal to register for the salary support.
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Market Insight 8 AprMarch focus meant £17,500 February loss for car dealers, reports ASE
Car dealers focussing on what should have been a busy numberplate change month of March suffered a £17,500 loss for the month prior to of the outbreak of COVID-19 coronavirus, ASE has reported.
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Market Insight 7 Apr
Automotive sector ‘cash burn’ to attract scrutiny during coronavirus outbreak
The rate of “cash burn” within automotive sector businesses will come under close scrutiny during the COVID-19 coronavirus lockdown, according to GlobalData.
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Market Insight 2 AprAvoid stock liquidation, ASE warns dealers, as cashflow remains key
Dealers will need cashflow to bridge the gap until the Government’s business and employee support funds drop in, however they must resist a fire sale of stock, ASE Global’s chairman Mike Jones has warned.
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Market Insight 27 Mar
Government coronavirus wage scheme omits car sales commission payments
Car retail staff will be among the UK employees whose commission-led monthly salaries will be detrimental to their income as “furloughed workers” as part of the Government’s Coronavirus Job Retention Scheme.
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Supplier News 24 Mar
ASE, CarGurus and Codeweavers offer help for dealers hit by COVID-19 measures
More motor retail industry suppliers are pulling out the stops to help their dealer customers as the majority of the UK population is ordered to stay home while the coronavirus threat remains.
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Market Insight 5 Mar
March will be key to car dealers’ 2020 profitability, says ASE
The key number plate change month of March will be pivotal in car retailers’ efforts to achieve profitability in 2020, according to sector analyst ASE.
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Market Insight 11 Feb
Car dealers RoS reached eight-year low in 2019, ASE reveals
Car dealers achieved their lowest return-on-sales (RoS) figure since 2011 in 2019 after rounding off a “tough” year with a £1,700 loss in its final month, according to ASE.
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Market Insight 10 Jan
Car dealers set for second year of declining profitability, says ASE
Car dealers suffered a loss of £11,000 in November to all-but ensure the sector's average business incurred losses for the whole of 2019, ASE has reported.
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Market Insight 6 Dec
Car dealer profitability ‘likely’ to end 2019 9% down
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.
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Market Insight 7 Nov
ASE reveals car dealers’ September profits rose £3,000
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.
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Latest News 24 Oct
Profit squeeze prompts dealers to 'cash-in' on leasing division disposals
Franchised car retail groups are choosing to exit the UK fleet sector as their leasing divisions attract big offers from banks and car manufacturers amid a squeeze on profits from their core retail operations.
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Market Insight 7 Oct
Car dealers lost £14,000 in August market 'deterioration', says ASE
The average UK car dealer lost £14,000 during August in what has been described as a “significant deterioration” on the break-even result achieved in the same month a year earlier.
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Market Insight 3 SepAverage dealership profits rose in July to £147, says ASE
July’s trading was just above break-even for the average franchised dealership, according to data from ASE.
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Market Insight 6 Aug
Car dealers endured 31.7% year-on-year June profit decline
Car retailers recorded an average decline in profit of 31.7% during June as the average sum earned declined by £13,000 to £28,000 during the month, ASE has reported.
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Market Insight 5 Jul
May markets left franchised dealerships with average £10,000 loss
Franchised dealer profit figures for May show on average a loss of almost £10,000 per site, according to data from ASE
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Market Insight 13 Jun
Car dealers made an average £5,000 profit in April, reveals ASE
Car dealers registered a “marginal” year-on-year improvement in profits during April, according to ASE – the month’s average total amounting to £5,000.
