International Motors is to distribute B–ON electric light commercial vehicle in the UK. It said the German eLCV brand will offer fleets a greener alternative to traditional ICE delivery vehicles. By the end of 2023, International Motors Limited is aiming to have established 25 dealerships each offering the B–ON franchise, with plans for further expansion… Continue reading International Motors to recruit 25 UK dealers for B-ON eLCV brand
Author: Motor Trader Online News
Dealer Auction reveals cars with biggest margins for dealers
The Mazda CX-5 was the fastest selling model in Dealer Auction’s top 10 profit achievers for May, taking just 23 days to shift off forecourts. Dealer Auction has added two new metrics to its Retail Margin Monitor to help dealers identify the most profitable forecourt stock. The digital platform has included ‘Average Auto Trader days… Continue reading Dealer Auction reveals cars with biggest margins for dealers
Canadian group AAG makes £465m offer for Lookers
A Canadian dealer group Alpha Auto Group through a bidding vehicle Bidco has tabled a £465m bid for dealer group Lookers. AAG describes itself as a leading operator and consolidator of car dealerships with 15 large scale new vehicle dealerships across Canada and the United States. It is one of the largest auto retailers based… Continue reading Canadian group AAG makes £465m offer for Lookers
Microsoft chief security advisor to talk dealers and cyber attacks at MT Retailing EXPO 2023
Microsoft’s chief security advisor, Sarah Armstong-Smith will discuss dealer cyber security in a key note speech at Motor Retailing EXPO in October. The theme is “Every move you make, every step you take, I’ll be watching you!” This is not only the lyrics from an 80’s iconic rock band, but the rallying cry of many… Continue reading Microsoft chief security advisor to talk dealers and cyber attacks at MT Retailing EXPO 2023
Dealers looking for used EVs below £20,000, says Aston Barclay
The June EV desirability index showed that dealers are generally buying the lower value used models with the Renault Zoe and Nissan LEAF achieving the top two places. Aston Barclay said that the Tesla’s Model 3 and the Renault Zoe were also placed one and two in the overall desirability index. The general rule of… Continue reading Dealers looking for used EVs below £20,000, says Aston Barclay
Over half of car dealers think Chinese EV brands will force others out
More than half (51%) of car dealers think that the arrival of new Chinese electric vehicle (EV) companies in the UK market will force some established manufacturers out of business. Startline’s has said that 31% believe some existing brands are already falling behind and 36% say that the next few years will see them fold… Continue reading Over half of car dealers think Chinese EV brands will force others out
Used dealers buying to order with high value premium cars
Used car dealers continued to avoid stocking higher value premium used cars in May to help preserve their cashflow. According to Aston Barclay, they instead chose to bid on and buy high value used cars at auction to satisfy customer orders to provide an instant profit margin while protecting cashflow. Sixteen out of the top… Continue reading Used dealers buying to order with high value premium cars
Opportunity for dealers from LEZ sales
Since the expansion of London’s Ultra Low Emission Zone (ULEZ) was announced in November 2022, carwow has seen a 101% increase in the sale of used cars via its Sell My Car service. It expects this to continue growing significantly as the 29 August deadline approaches. But as well as the expansion of the Ultra… Continue reading Opportunity for dealers from LEZ sales
Dealers see surge in profits in Motor Trader Top 200 Report
UK motor retailers have recovered over the past 12 months from the pandemic. Combined MT Top 200 turnover is up 18% to £75.1bn, which is almost back to the 2019 pre-lockdown turnover of £76.6bn The entry level turnover for this edition of the MT Top 200 is up slightly on the previous survey from £31.2m… Continue reading Dealers see surge in profits in Motor Trader Top 200 Report
Hedin acquires Torpedo Gruppe dealerships in Germany
Hedin Automotive has agreed to buy the Torpedo Gruppe’s dealerships in Germany. Founded in 1928, family-run Torpedo Gruppe is one of the oldest and largest dealer groups in Germany. In 2022, Torpedo Gruppe sold 12,000 new and used vehicles with net sales of £527m Euros. Present at 21 locations in Brandenburg, Saxony, Rhineland-Palatinate, Saarland, Hesse… Continue reading Hedin acquires Torpedo Gruppe dealerships in Germany