Profitability
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Finance and insurance 24 NovHelp for dealers on making every F&I revenue stream count
While watched by the Financial Conduct Authority, finance and insurance still delivers welcome profit for car dealers. Debbie Kirlew reports
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Car Dealer News 17 NovLoss-making AM100 dealer groups double since 2021
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.
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Car Dealer News 20 JulPendragon continues to strengthen profits in 2023
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.
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Dealer profiles 30 JunMulti-franchising is the focus for AM100 car dealer Chorley Group
Chorley Group managing director Adam Turner explains to AM why multi-franchising is playing a key part in tackling the rising costs of business.
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Car Dealer News 2 JunCar dealer group Caffyns reports 30% slump in profits
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.
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Used Cars 14 AprLexus was March's best profit earner for car dealers, says Dealer Auction
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.
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Retailing 28 MarAdvice to bolster the dealership as profits come under pressure
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.
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Retailing 24 MarCar dealers combat the rising cost of doing business
Tackling the cost base has once again been brought into sharp focus for automotive retailers as the UK economy stagnates.
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Car Dealer News 22 MarPendragon's £57.6 million profits 'exceeded 2022 expectations'
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.
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Opinion 7 DecMarginal gains should top car retailers' business agenda in 2023, opinion
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.
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Retailing 6 OctDealers concerned of 'bleak winter' as they fight for profits and staff wellbeing
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
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Supplier News 16 SepDacia growth plans, aftersales in spotlight and Nissan Ariya drive - AM's new issue is here
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.
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Supplier News 8 AugAPD software links OEM and dealer data to drive profitability
APD has launched ProfitPlanner+, a new budgeting and forecasting software system that integrates and streamlines data between OEMs and dealer networks.
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Car Dealer News 20 JulIndirect expenses threaten dealer profits
Dealers face a “double whammy” of rapidly rising costs and rapidly slowing buyer demand, driven largely by the accelerating cost of living.
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Retailing 13 JulCar showrooms might widen their scope to find new revenue streams
As omnichannel sales, agency fees and low-maintenance electric cars become a norm, it will become imperative for car dealerships to identify new revenue streams.
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Supplier News 17 JunJune AM magazine: Chorley Group, future trends, threat to used cars
The June issue of AM magazine is here in digital form, free to read, full of insights that will get dealers thinking about their strategy for the future.
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Car Dealer News 15 JunMotorpoint hauls in £21.5 million profit from used car sales
Used car dealer group Motorpoint has more than doubled its profits year-on-year, bringing them back to levels last seen before the pandemic.
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Market Insight 26 AprCar profit margins show Land Rovers dominate the podium
Three Land Rover models took the top three places for used car retail margin in March, according to data analysed by Dealer Auction's Retail Margin Monitor.
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Aftersales 15 MarHow aftersales efficiency can ramp-up profits and positive customer outcomes
Automotive Management (AM) explores how to overcome the workshop inefficiencies that are losing car dealerships thousands, perhaps millions, of pounds every year.
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Car Dealer News 2 MarVertu Motors forecasts 2021/22 pre-tax profits increase of over 200%
Vertu Motors has revealed that its 2022 pre-tax profits will have risen by more than 200% in 2022 as it forecast a year-end total of “not less than £75 million” in a trading update issued this morning.
