The Competition and Markets Authority (CMA) has referred the takeover of Aston Barclay by Constellation Developments to a phase two investigation. It said it was concerned that a merger could reduce competition and potentially lead to highr prices and a reduction in choice for customers using auctions. Constellation owns British Car Auctions, which is the… Continue reading CMA refers BCA and Aston Barclay merger to phase two inquiry
Author: Motor Trader Online News
Dealers increasingly using AI for customer contacts and motor finance
Dealers are increasingly using AI to boost their business performance in car sales and finance. Almost two-thirds of car dealers (62%) are using artificial intelligence (AI) within their business, according to new research. October’s Startline Used Car Tracker shows 38% are employing the technology to help car buyers find the right vehicle, 31% to handle… Continue reading Dealers increasingly using AI for customer contacts and motor finance
Keyloop Generative Engine Optimisation capabilities to help dealers
Keyloop’s Marketing Services team is adding Generative Engine Optimisation (GEO) capabilities to its service portfolio to help dealers become more visible using AI-driven search and generative AI platforms, including Google’s new ‘AI Mode’. Google’s AI Mode facilitates a more conversational, intelligent, and personalised search experience for the consumer. Keyloop, a certified Google Premier Partner, has… Continue reading Keyloop Generative Engine Optimisation capabilities to help dealers
Dealers miss £2m in revenue each through inaccurate customer records
Analysis of 15 dealer groups revealed a missed a total of at least £34.7 million in revenue over 18 months, says Auto Data Solutions (ADS). Almost two million valid VIN records were audited for an ADS ‘Data Health Check’, revealing that many customers had become uncontactable due to a failure to update contact details or… Continue reading Dealers miss £2m in revenue each through inaccurate customer records
Browns of Richmond acquires Richmond Motor Services
Browns of Richmond has acquired Richmond Motor Services (RMS) following the retirement of owner, Andy Townson. RMS has operated for more than 40 years, with Townson leading the business for the last 19. Key members of the RMS staff have transferred to Browns and specialist equipment and expertise will also move across. Tim Roelich, Director… Continue reading Browns of Richmond acquires Richmond Motor Services
Autoglym LifeShine expands product offering for dealers
Autoglym LifeShine has launched CeraFuse ULTRA, offering improved gloss, durability, and resistance to environmental contaminants –backed by a lifetime guarantee. The product is aimed at the high-performance and luxury car segment and suitable for vehicles up to 10 years old. Dealers can offer customers two grades of LifeShine protection – premium and ultra-premium – with… Continue reading Autoglym LifeShine expands product offering for dealers
Dealer Auction reveals best end-of-summer profit-makers for dealers
Dealer Auction’s EV Performance Review revealed a steady performance for AFVs in August. The Volvo XC40 hybrid sold in 27 days on average – making it the quickest mover that’s appeared in the profit top 10 this year and attracting an average margin of £3,245, securing third in the chart for profit. Dealer Auction’s marketplace director,… Continue reading Dealer Auction reveals best end-of-summer profit-makers for dealers
IMDA warns dealers to follow code or risk ban
The IMDA has warned dealers to follow its Code of Conduct or risk being banned. In a LinkedIn post, the IMDA reveals that very rarely it encounters dealers who do not follow the Code. The post reads: “We’re proud to say that the IMDA represents some of the most professional, respected and like-minded independent dealers… Continue reading IMDA warns dealers to follow code or risk ban
Harwoods sells Jaguar Land Rover dealerships to Dubai-based DXB Auto
Harwoods Group has sold its Jaguar Land Rover franchises along with Volvo, BMW & Mini authorised repairer operations to the Dubai based DXB Auto Investments DXB will operate the business under Southeast Motors. The employees at the Harwoods sites will transfer under Tupe to the new owners. Harwoods has JLR sites in Basingstoke, Brighton, Chihester… Continue reading Harwoods sells Jaguar Land Rover dealerships to Dubai-based DXB Auto
iVendi fine tunes Finance Navigator to attract more dealers to system
New integrations launched this week by iVendi allow dealers to generate price comparison-style motor finance quotes within their core business software. iVendi CEO James Tew said: “Dealers operate many different pieces of software side-by-side but the vast majority centre activity around their CRM. It’s the engine that makes the dealership run. “We already know from… Continue reading iVendi fine tunes Finance Navigator to attract more dealers to system