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.
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.
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.
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.
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.
Mazda Motors UK has celebrated a 38% average increase in profitability across its UK car dealer network during 2017 - despite falling registrations.
Car retailers recorded an average loss of £19,000 in a "tough" November as the average return on sales percentage dipped to 0.97%.
Whether through add-ons, dealer-fit extras, or more accurate part-exchange valuations, car dealers need a diverse approach to maximise margins
A quarterly dealer attitude survey carried out by Close Brothers Motor Finance has found that 92% of dealerships are confident about market prospects for 2018.
Doing the simple things right makes a big difference to car dealer profitability and remember: every little helps
The motor retail industry is moving rapidly and it is the car dealers who can keep pace who will win in the long term
When should ‘cost’ be considered ‘investment’? It’s a juggling act for car dealers
Franchised dealers have continued to take a hit to their profits. Data from ASE Global shows in August the average dealership lost almost £17,000.
A third of car dealers believe the cost of technology investment is a threat to their business’s future growth and profitability, according to new research from Santander Consumer Finance.
A loss of £17,000 was experienced by the average UK motor retailer in May – a result £7,000 down year-on-year.
Learn the lessons of the UK’s most profitable dealer groups with ASE's profit clinic at the Automotive Management Live exhibition.
UK dealers' Q1 profits were up 20% year-on-year, but new car volumes are off to a slow start in the first half of Q2, they warn AM.
Three-year slump in profitability of franchised dealerships blamed on Increased competition and pressure on margins.
Europe’s motor trade body CECRA has issued a “wake up call” to any franchised dealers who’re still ignoring changes in the sector that will hurt profitability.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues