The upcoming budget will be the first under a Labour government since 2010 and it couldn’t be more critical for the automotive sector. The industry is navigating a period of profound transformation, and the Chancellor has the opportunity to accelerate change positively. Faced with challenges such as the Zero Emission Vehicle (ZEV) mandate, fluctuating consumer… Continue reading BLOG The October Budget is crucial for dealers and the motor sector
Author: Motor Trader Online News
Dealers could lose nearly £500m through mispricing, says INDICATA
Dealers could lose nearly £500m in 2024 through mispricing their stock, says INDICATA UK. Missed revenue opportunities are mostly attributed to dealers pricing their best cars too low and selling too quickly and holding onto low quality stock too long without lowering the price. Dean Merritt, INDICATA UK’s head of sales, said: “The level of… Continue reading Dealers could lose nearly £500m through mispricing, says INDICATA
Franchised dealers ‘first choice’ for part exchange valuations
Franchised dealers remain the “first choice” for part-exchange valuations, despite rise of specialist online services That’s the conclusion of research from JudgeService. The online review platform polled the views of 5,789 customers for the forthcoming JudgeService 2024 State of the Nation report and found nearly two-thirds (63%) are likely to get a part-exchange valuation from… Continue reading Franchised dealers ‘first choice’ for part exchange valuations
Steer Automotive acquires Rye Street Group
Steer Automotive has acquired Rye Street Group accident repair business with a strong presence across Hertfordshire and Essex. Rye Street Group, operating since 1990, manages a network of seven repair centres and holds 23 manufacturer approvals and 24 insurer approvals. Both managing directors, Bill Duffy and Lee McNaughton are leaving the business as part of… Continue reading Steer Automotive acquires Rye Street Group
Dealers move towards ‘full digitalisation’ of payments
Paying for services and products at dealerships just got easier for dealers using Keyloop’s dealer management systems and Bumper payment services. Bumper and Keyloop have launched the next phase of their integration by adding all payment types for dealers and automatic payment reconciliation. Customers can pay by link, via SMS or email; by bank, by… Continue reading Dealers move towards ‘full digitalisation’ of payments
Waylands acquires Volvo dealership in Gloucester from Johnson Cars
Waylands has completed the acquisition of Volvo Gloucester for an undisclosed sum from Johnson Cars. The deal sees Waylands expand their presence in the South West. The dealership, which will remain at its current location on Cole Avenue, will be rebranded as Waylands Volvo Gloucester, with all current colleagues at the site joining the Waylands… Continue reading Waylands acquires Volvo dealership in Gloucester from Johnson Cars
Carwow launches ‘Top Rated’ accreditation for dealers
Carwow has launched an annual ‘Top Rated’ accreditation for dealers. The accreditation recognises retailers with a proven track record in delivering exceptional performance through fast response times, high conversion rates and positive customer reviews. It is open to independent, franchise and direct-to-consumer (D2C) retailers and leasing groups. To be considered for ‘Top Rated’ status, partners… Continue reading Carwow launches ‘Top Rated’ accreditation for dealers
Used car values reached 12-month high in July, says BCA
Used car values across BCA’s online sales reached a 12-month high in July, with results driven by an improved stock mix and active buyer numbers reaching record levels at BCA. Sold volumes rose month-on-month, up by 14% compared to June. Stuart Pearson, BCA COO, said: “The used car sector continued to exhibit a great deal… Continue reading Used car values reached 12-month high in July, says BCA
Carwow to help dealers boost sales during September plate-change
Carwow will launch a new marketing campaign to help boost retailers’ enquiries and sales during the September plate-change. The campaign will help retailers manage new car stock supply and build pipeline. A recent Carwow survey found half of consumers would like to see deals on new cars that are available for immediate delivery, while 34%… Continue reading Carwow to help dealers boost sales during September plate-change
56% of dealers want government to prioritise grants for used EVs
Grants or loans to support the used EV market is the number one action dealers would like to the new Labour government to take, according to Startline. 56% would back the move while 50% want cheaper electricity for EV drivers and 45% want to see increased on-street charging. Paul Burgess, CEO at Startline Motor Finance,… Continue reading 56% of dealers want government to prioritise grants for used EVs