The used car market is seeing too many medium and large electric cars entering the remarketing cycle, and not enough smaller ones for everyday buyers. That’s the view of Andy Webb, head of sales at Brego who said this imbalance was behind the collapse in BEV values over the past two years. “We’re seeing… Continue reading Skewed used BEV market inflicted ‘considerable pain’ on dealers
Author: Motor Trader Online News
Thurlow Nunn acquires Lings Hyundai in Lowestoft
Thurlow Nunn has acquired Lings Hyundai in Lowestoft, Suffolk from the Lings Group for an undisclosed sum. The group, which has dealerships across Norfolk, Suffolk, Cambridgeshire, Bedfordshire and Buckinghamshire, now represents Hyundai, MG, Peugeot and Vauxhall. Thurlow Nunn is ranked 69 in the Motor Trader Top 200 Dealer Groups with annual turnover of £246.1m. “Bringing… Continue reading Thurlow Nunn acquires Lings Hyundai in Lowestoft
JLR invests £500m in Halewood plant in EV roll-out
JLR is investing £500m in its Halewood facility to produce electric vehicles, alongside existing combustion and hybrid models at the plant. Originally built in 1963 to produce the Ford Anglia, Halewood is being transformed for the electric era. So far, £250m has been invested in the site, which has been extended by 32,364 sqm to… Continue reading JLR invests £500m in Halewood plant in EV roll-out
Sandal Group sells part-exchange cars through BCA
Yorkshire-based Sandal Group has renewed its contract with BCA to dispose of part-exchange vehicles through the auction. Sandal Group serves customers from BMW and MINI dealerships located in Huddersfield and Wakefield. The Sandal BMW / MINI Group sale takes place every Tuesday and Thursday and offers a great choice of executive and premium models with… Continue reading Sandal Group sells part-exchange cars through BCA
Insurance firm highlights cost of test drive accidents for dealers
Crashes during test drives are costing motor dealers more than £8,000 a year on average. That’s the key finding from research carried out by commercial insurer NFU Mutual. It found that 30% of surveyed motor trade businesses have seen damage caused to their vehicles during customer test drives with one in ten suffering up to… Continue reading Insurance firm highlights cost of test drive accidents for dealers
John Clark adds Kia to ranks with Gillanders acquisition
John Clark Motor Group has added Kia to its list of franchises with the acquisition of Gillanders Motors in Peterhead. Alongside this existing business the John Clark Motor Group will open a new John Clark Select business offering a wide range of premium used cars. The Gillanders team will transfer with the acquisition and the… Continue reading John Clark adds Kia to ranks with Gillanders acquisition
BLOG The October Budget is crucial for dealers and the motor sector
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
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