Unlocking 'the promise of information technology' is a key factor in improving dealer group profitability over the next five years as macro-economic factors and market competition look set to constrain growth in return on sales.
The results of the latest research by Automotive Management and BDO into the UK's biggest franchised dealer groups is here in the 2024 AM100 report.
A sub-£3,000 2008-plate BMW Z4 Coupe offered the biggest profit potential at auction last month, according to Carwow.
Dealers struggling to find the right used cars at affordable prices may be looking in the wrong places
New data from cap hpi shows that only 17% of independent dealers stocked and advertised an electric vehicle last month, according to cap hpi.
MINI’s iconic hatchback has appeared in Dealer Auction’s Retail Margin Monitor top 10 models for the first time.
Volvo Cars reports that its gross profit margins on its electric cars increased fourfold during the second half of 2023, contributing to a record trading year for the company.
While watched by the Financial Conduct Authority, finance and insurance still delivers welcome profit for car dealers. Debbie Kirlew reports
After some consolidation or break-ups of a few major groups, the AM100 also has four new entrants this time. See the report for details.
A trading update by Pendragon has reported a "robust performance" in the first half of 2023, despite the headwinds of rising interest rates and inflation.
Chorley Group managing director Adam Turner explains to AM why multi-franchising is playing a key part in tackling the rising costs of business.
Caffyns, the AM car dealer group based in East Sussex, has blamed a 30% decline in profits on to inflation and higher business rates in its latest financial year.
Lexus was the used car brand that delivered most to car dealers in March, ahead of Subaru and Land Rover, according to data from trade sales marketplace Dealer Auction.
Experts point to some of the structural elements which could help make car dealerships more sustainable in tough economic conditions, from rates reviews and refinancing to tax reliefs.
The £57.6m underlying pre-tax profit that Pendragon made in 2022 has exceeded expectations, despite being a 30.6% drop on 2021's £83m earnings.
Former car retail group leader explains why marginal gains are more important than ever in as the sector heads into a period of reduced demand, poor supply and increased costs.
As 1 in 2 car dealers predict their 2022 profits will be down vs 2021 AM's survey finds 1 in 4 have made wage increases above 5% to help staff with living costs
Tributes to Queen Elizabeth II for her lifelong support of, and interest in, the UK's automotive sector feature in the September 2022 issue of AM magazine, available to read here free in digital format.
APD has launched ProfitPlanner+, a new budgeting and forecasting software system that integrates and streamlines data between OEMs and dealer networks.
Dealers face a “double whammy” of rapidly rising costs and rapidly slowing buyer demand, driven largely by the accelerating cost of living.
