Dealers have raised major concerns over the amount of investment they are having to make in on site EV charging infrastructure. The latest Dealer Attitude Survey from the National Franchised Dealers Association (NFDA) found that this was the most negative theme in the overall survey, with the lowest score by some margin. “The survey revealed… Continue reading Dealers ‘most concerned’ over OEM support for EV charging infrastructure
Author: Motor Trader Online News
Dealers rate Kia as top brand in NFDA Dealer Survey
Kia has emerged as the top brand in the UK for dealers achieving the highest rating in the just-published National Franchised Dealers Association (NFDA) Dealer Attitude Survey. Dealers were asked to rate their manufacturer overall on a scale of 1 to 10. Kit got the top score of 9.5, followed by Lexus (9.2), and MINI… Continue reading Dealers rate Kia as top brand in NFDA Dealer Survey
Holden Group buys Cecil & Larter in Bury St Edmunds
Holden Group has acquired Cecil & Larter Volvo dealership in Bury St Edmunds this week. The group has also announced plans for a new multi-million-pound, state-of-the-art facility for Hylton Gott Volvo, which it acquired in 2019. Tim Holden, chairman of Holden Group, said “Our family business is 95 years old, dating back to 1928 when… Continue reading Holden Group buys Cecil & Larter in Bury St Edmunds
Lithia delivers improved £397m offer for Pendragon
Lithia has signed a revised agreement on improved terms with the Board of Directors of Pendragon to enter into a strategic partnership with Pinewood Technologies buy Pendragon’s UK motor division and vehicle management division. Under the revised terms, Lithia has increased the total cash consideration versus its original offer announced on 18 September by 42%,… Continue reading Lithia delivers improved £397m offer for Pendragon
Dealers ‘concerned’ with government ZEV Mandate sales targets
The National Franchised Dealer Association (NFDA) expressed concerns on the government ZEV Mandate published yesterday. It said the decision to leave the numbers unchanged had caused concerns among franchised dealers given the government’s decision to roll back the deadline for sale of ICE cars to 2035. NFDA CEO Sue Robinson said: “The Government’s decision to… Continue reading Dealers ‘concerned’ with government ZEV Mandate sales targets
Used car values fall in September, Q4 to see further decline
Used car values fell by 1.9% or £420 at the three-year, 60,000-mile point in September, according to cap hip. It is the largest drop in the month since 2008 when values dropped by 4.1% as the financial crisis affected the market. September is generally a positive one for cap live figures; since 2016, each September… Continue reading Used car values fall in September, Q4 to see further decline
Autoglym to expand roll-out of Retailer Digital Toolkit
Autoglym is to expand the roll-out of its Retailer Digital Toolkit to support the launch of its new next-generation LifeShine product, to more franchised dealers The LifeShine CeraFuse paint protection system is claimed to be Autoglym’s most technologically advanced product to date. The toolkit includes digital demonstration and lifestyle videos, which are supported by digital… Continue reading Autoglym to expand roll-out of Retailer Digital Toolkit
Dealers more confident about used car supply in coming year
More than half of dealers (55%) expect 2024’s used car market to be “better” than this year’s, new research shows. September’s Startline Used Car Tracker shows that 45% believe there will be better stock supply and 43% that demand for electric vehicles (EVs) will increase. However, just 25% expect there to be an improvement in… Continue reading Dealers more confident about used car supply in coming year
BLOG Pendragon: Dealers, deals and data
Interesting news this morning which has ramifications beyond the UK concerning Pendragon, ranked the seventh largest dealer group in Europe in ICDP’s 2022 rankings. The business has been ‘in play’ for some years, since the Hedin Group first bought a stake in 2019, subsequently attracting formal offers from both Hedin and Lithia. Although still subject… Continue reading BLOG Pendragon: Dealers, deals and data
Dealers do not believe ICE ban will go ahead as planned
The majority of dealers, 85%, do not believe the Government’s 2030 petrol and diesel ban will go ahead as planned. That’s the key finding of the latest Forecourt Foresight research from Close Brothers Motor Finance. The study, which looked at dealer’s views of the current landscape, found that two-thirds (66%) of dealers believe the ban… Continue reading Dealers do not believe ICE ban will go ahead as planned