ASE
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Market Insight 7 NovWLTP blamed for car dealers’ £20,000 September profitability decline
The September 1 introduction of Worldwide Harmonised Light Vehicle Test Procedure (WLTP) has been blamed for a 20% slump in car dealership profits during the key ‘plate-change month.
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Market Insight 2 OctCar dealer profits will not ‘catch-up’ until March 2019, warns ASE
Buoyant car registrations resulting from the September switch-over to WLTP and RDE fuel economy and emissions tests saw car dealers defy the usual August slump with a £200 average profit, ASE has reported.
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Car Dealer News 28 SepASE joins Dealer Solutions to facilitate overseas acquisitions
ASE has launched a joint venture with Dealer Solutions North America to help North American motor retail groups buy UK dealerships.
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Market Insight 5 SepCar dealers reduced July losses by almost £5,000, ASE reports
Car dealers reduced their July losses by almost £5,000 year-on-year to “emphasise improvements made over 2017”, ASE’s monthly profitability report has shown.
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Retailing 14 AugThe future of motor retail
AM asks a range of experts what selling cars in 2030 will look like
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Car Dealer News 2 Aug
Average dealer profitability up 74% in Q2, says ASE
UK dealers saw profitability increase by 74% during Q2 this year, despite a slight slip in June’s performance, according to the latest figures from ASE.
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Finance 18 JulHMRC gives clear message of VAT treatment of car dealer deposit contributions
HM Revenue & Customs (HMRC) decides dealer deposit contributions are not subject to VAT and invites claims to recover overpaid output tax.
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Market Insight 9 Jul
Franchised car dealers reverse 2017 losses into a small profit in May - ASE
The average UK motor retailer delivered a profit of just under £265 in May, compared to an average loss of £17,000 the previous year.
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Market Insight 13 Jun
Car dealers’ April profit rise could spark ‘period of comparative prosperity’
A £9,900 improvement in April profits for car dealers could be an indicator “the real prospect of a period of comparative prosperity”, according to ASE.
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Car Dealer News 2 MayStartin Group buys Hylton Group's last trading dealership
Startin Group has bought St Peters Peugeot and Suzuki dealership from Hylton Group Limited.
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Market Insight 2 May
Average car dealer profits fell 6.7% in March, says ASE
The average UK dealer made a profit of 106,771 in March, marking a fall of £7,700 - or 6.7% - from the prior year total.
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Car Dealer News 10 Apr
Car dealer losses grew to £18,000 in February, ASE reports
Car retailers posted a monthly loss of £18,000 in February as new car margins continued to deteriorate ahead of a disappointing month of registrations in March.
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Car Dealer News 6 Mar
Average franchised car dealer year-on-year profitability up slightly in January to £5,000 - ASE
Average franchised car dealer profitability in January was ahead of last year to £5,000.
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Car Dealer News 12 FebStirling of Hereford acquired by Ponthir Suzuki and Honda
Stirlng of Hereford has been acquired by Ponthir Suzuki and Honda following Motorline’s earlier acquisition of the group’s Hyundai dealership.
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Market Insight 5 Feb
Car dealers made £400 loss in December, reports ASE
Car dealers who generated an £17,000 average profit in December 2016 suffered the effects of a £400 loss 12 months later, according to ASE.
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Market Insight 12 Jan
Car retailers record £19,000 average loss in ‘tough’ November
Car retailers recorded an average loss of £19,000 in a "tough" November as the average return on sales percentage dipped to 0.97%.
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Market Insight 6 Dec
Franchised dealer losses in October prompt end of year profitability warning from ASE
The average UK motor retailer made a £2,000 loss in October.
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Market Insight 3 Nov
Average dealer profitability up £8,600 in September to £77,000 says ASE
The average UK motor retailer made a profit of almost £77,000 in September, an increase on the prior year of £8,600.
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Market Insight 2 Nov
Court ruling may end dealers' hopes of compound interest on overpaid VAT, says ASE
Dealers hopes for another VAT windfall have been dashed. The Supreme Court yesterday overturned earlier positive court decisions in relation to Littlewoods’ claim for compound interest on overpaid VAT.
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Market Insight 25 Oct
How can car dealers boost profits? Ask ASE at Automotive Management Live
Dealers looking to find ways to run more profitable operations can book a 20-minute session with ASE Global at Automotive Management Live’s profit clinic ahead of the one-day expo.
