Supplies of EVs and used cars, consumer demand and efficiency issues will all impact car dealers in 2020, with 54% anticipating increased pressure on profit margins according to a Cox Automotive sentiment survey.
The National Association of Motor Auctions’ (NAMA) monthly market attitude survey has indicated that many remarketing specialists anticipate a rise in the value of used hybrid vehicles during January.
Almost half of car dealers expect to deliver growth in the coming 12 to 18 months despite the uncertainty surrounding the impending General Election, Brexit and the roll-out of electric vehicles (EV).
The National Franchised Dealers Association (NFDA) Consumer Attitude Survey has revealed evidence of consumers increased interest in car dealership visits despite warnings that buyers intention is failing.
A third of UK automotive business are already cutting jobs ahead of Brexit and 79.6% have expressed concerns about the split’s effect on their future profitability, according to the findings of an SMMT survey.
Marshall Motor Group is celebrating a decade of success in the annual Great Place to Work survey after 82% of its workforce contributed to a result which showcased the car retail group as “a shining light” in the sector.