SLM Group has bought SMC Motor Group for an undisclosed sum. SLM Group operates dealerships in East Sussex, Kent and East Anglia, including five Toyota, one Vauxhall, one Suzuki, one GMW ORA dealerships. It also has two used car SLM Select businesses and two body repair Centres. Family-owned SMC Motor Group has been operating four… Continue reading St Leonards Motors buys SMC Motor for undisclosed sum
Author: Motor Trader Online News
October used car values show biggest fall in 12 years
Used car values showed a marked decline in October, with the average value movement in cap Live at three years, 60,000 miles, seeing a fall of 4.2%, equivalent to £850. According to experts at cap hpi, it is the largest drop in a single month since the introduction of cap Live in 2012 and the… Continue reading October used car values show biggest fall in 12 years
Negotiating a fair price with dealers is biggest worry for car buyers, finds research
Lucy Tugby, marketing director of eBay Motors Group Negotiating a fair price is the biggest single worry buyers face when purchasing a car, according to eBay Motors Group’s latest Consumer Insight Panel findings. The research of over 2,000 in-market decision makers identified how conversations with dealers about prices is the biggest turn off for both… Continue reading Negotiating a fair price with dealers is biggest worry for car buyers, finds research
Warranty Solutions Group launches initiative to save dealers thousands on parts and preparation costs
Warranty Solutions Group has today announced an exclusive partnership with Just Green Parts, a major provider of environmentally sustainable vehicle parts, to bring its dealer network significant savings on preparation costs and provide a solution to the current shortage of automotive components. Green parts are undamaged and reusable components sourced from end-of-life and written-off vehicles… Continue reading Warranty Solutions Group launches initiative to save dealers thousands on parts and preparation costs
Big Motoring World acquires two retail sites from Available Car
Big Motoring World today announces that it has agreed to acquire certain trade and assets of Midlands and Yorkshire used-car retailer, Available Car. This acquisition follows Big Motoring World’s recent expansion into Wimbledon and adds 200 employees and a seventh and eighth location in Leeds and Cannock, bringing Big Motoring World’s customer-centric services and quality… Continue reading Big Motoring World acquires two retail sites from Available Car
Jaguar F-Pace tops profitability charts for dealers
The Jaguar F-Pace has topped the list of the potentially most profitable used cars that dealers are buying in carwow online auctions. The car delivered an average resale profit margin of £4,721. Analysis of the selling prices of cars sold in carwow auctions over a six-month period compared with their retail valuation indicates that eight… Continue reading Jaguar F-Pace tops profitability charts for dealers
Ennis highlights payback for dealers who invest in skills
Automotive businesses who invest in skills can expect a 3% uplift in annual turnover. This compares to a 4% drop in turnover for businesses who do nothing to address the skills gap in their organisation. That is the finding of a new report by Ennis & Co Group, the automotive headhunter, which has developed a… Continue reading Ennis highlights payback for dealers who invest in skills
BLOG Dealers must act now in face of OEM’s rising ZEV targets
Dealerships must act immediately to rapidly increase sales of electric vehicles ahead of January’s zero emission vehicle (ZEV) mandate. Manufacturers will already be setting much higher EV targets for dealerships to avoid potentially eye-watering fines. Prime Minister Rishi Sunak has already announced that, despite diluting net zero policies, the government still requires more than half… Continue reading BLOG Dealers must act now in face of OEM’s rising ZEV targets
Dealers back government 2035 date for ICE sale ban
The majority of retailers are in favour of the government delay to ban the sale of ICE vehicles by five years to 2035. That’s a key finding of Auto Trader research which also found that consumer demand for electric vehicles (EVs) on its marketplace has remained unaffected by the government’s delay to the ban on… Continue reading Dealers back government 2035 date for ICE sale ban
Dealers see surge of older ex-fleet cars in used market.
Rocketing sales of new cars to fleet buyers is pushing older used cars with higher mileages into the used car market. The UK new car market in the important September plate-change month surged 21% with 272,610 registrations. Growth continued to be driven by large fleets, which rose 40.8% to 143,256 units to reach a market… Continue reading Dealers see surge of older ex-fleet cars in used market.