Land Rover Range Rover Evoque topped the charts of Dealer Auction’s February Retail Margin Monitor, with an average retail margin of £3,925. The Jaguar XF ranked second (£2,800) while the fastest-selling profit turner (37 days on average) Mazda CX-5 (£2,775) ranked third. Kieran TeeBoon, Dealer Auction’s marketplace director, said: “February’s results were a resounding triumph… Continue reading Dealer Auction reveals most profitable used cars for dealers
Author: Motor Trader Online News
Falling used car values hit profits at Volkswagen Financial Services
Volkswagen Group’s financial results reveal its Financial Services Division’s operating profit fell a third below the previous year’s profit due to the normalisation of used car prices. Although the division contributed €3.8 billion to the Group result, used car values impacted profit. In 2021 and 2022 the residual values of used cars rose as a… Continue reading Falling used car values hit profits at Volkswagen Financial Services
Dealers celebrate International Women’s day
This International Women’s Day, dealers in the industry have highlighted the importance of representation of women in leadership roles. The National Franchised Dealers association (NFDA) has shared inspiring posts from members. An initiative developed by Lookers Motor Group is its “Mission Gender Equity” female mentoring programme, in partnership with social impact organisation Moving Ahead, led… Continue reading Dealers celebrate International Women’s day
MT Podcast Consumer Duty, its impact on dealers and the year ahead
This Motor Trader Podcast in association with Mann Island focused on Consumer Duty which came into effect in July last year. What sort of impact has it had on dealers? What are the areas the FCA has focused on? What’s on the cards for this year and next? And how can dealers use Consumer Duty… Continue reading MT Podcast Consumer Duty, its impact on dealers and the year ahead
Vertu reports stable used car values but new car market ‘uncertain’
Vertu Motors flagged up what it described as an “uncertain” new car market in a trading update prior to the release of its full year results on 15 May. IT sais while the used car market had stabilised falling price falls in 2023, carmakers faced a “daunting” task to manage volumes of ICE and BEVs… Continue reading Vertu reports stable used car values but new car market ‘uncertain’
Renault dealers to boost customer service with Keyloop Leads portal
Renault dealers are now using a new customer enquiry portal powered by Keyloop Leads. The platform allows retailers to help from their phones and desktops. The responses are branded, contain additional attachments such as brochures and videos and are personalised by the salesperson to the customer’s enquiry. Renault UK partnered with Keyloop Leads to create the… Continue reading Renault dealers to boost customer service with Keyloop Leads portal
Used car values rise in February after 11 months of decline
Average used car values at three years and 60,000 miles moved into the positive in February, the first increase for almost a year. The small increase of 0.7%, equivalent to £50, marked the first increase since March 2023. The increase is the fourth largest upward movement in February since Cap Live was launched in 2012.… Continue reading Used car values rise in February after 11 months of decline
BMW names top performing UK dealers in 2023
BMW UK last week named its top performing UK dealers in 2023 in an event held at Tate Britain. The annual ‘Retailer of the Year’ awards recognised excellence across 12 categories, with Barretts Canterbury winning the overall BMW Retailer of the Year 2023 title. The Sales category was won by Ocean Falmouth; Marketing by Williams… Continue reading BMW names top performing UK dealers in 2023
Volkswagen UK names top performing award-winning dealers
Volkswagen UK has celebrated outstanding performance across its dealer network in 2023. Inchcape Volkswagen in Bury secured the main prize of Retailer of the Year 2023 after finishing top of Volkswagen’s network league table. Its sister site, Inchcape Volkswagen in Shrewsbury, finished second, while Murray Volkswagen in Newton Abbott secured third place. The wider Murray… Continue reading Volkswagen UK names top performing award-winning dealers
Motorway launches new transport offer for dealers
Motorway has launched Motorway Move, an end-to-end transportation solution for dealers purchasing stock with Motorway. It is powered by two new technologies, Motorway Collect, a vehicle appraisal app and Motorway Dispatch transport management system. With Motorway Collect, the driver collecting the vehicle has access to the same vehicle profile from the Motorway daily sale.… Continue reading Motorway launches new transport offer for dealers