The government’s six-month extension of MOT-due dates in March 2020 has had a “huge impact” on the accuracy of the aftersales records of dealers across the UK. That’s the view of Marketing Delivery, which examined 150,000 customer vehicle records held by 100 dealers and found that 41% of the MOT-due dates were correct. In… Continue reading Government MoT extension has ‘huge impact’ on dealers’ aftersales records
Author: Motor Trader Online News
Dealers see 13% decline in new and used car sales in December
Dealers across the UK saw the number of enquiries fall by 10.3% in December against the same month last year, Lead management firm iTrackLEADS reported that test drives declined by 7% and sales of new and used vehicles by 13%. IT said manufacturing delays and shortages of used stock continued to be an issue, with… Continue reading Dealers see 13% decline in new and used car sales in December
John Banks acquires Ipswich Renault and Dacia from Marriott Motor
John Banks has acquired Renault & Dacia Ipswich from the Marriott Motor Group It now represents Renault and Dacia in Cambridge and Ipswich, Honda in Bury St Edmunds, Cambridge & Ipswich, Suzuki in Bury St Edmunds and Ipswich and Hyundai in Cambridge. The group plans further expansion in Colchester this year. John Banks CEO Melanie… Continue reading John Banks acquires Ipswich Renault and Dacia from Marriott Motor
Riverside Motors acquires Volvo franchise in Leeds from Marshall
Riverside Motor Group has extended its Volvo representation across Yorkshire with the acquisition of Volvo Leeds from Marshall Motors in December. Riverside now has Volvo dealerships in Doncaster, Hull, Wakefield, and Leeds. The company also holds the Seat, Cupra and Honda franchises. Mark Denton, managing director at Riverside Motor Group, said: “We are delighted to… Continue reading Riverside Motors acquires Volvo franchise in Leeds from Marshall
Used car values down 3.8% in November at BCA
Used car values averaged £8,492 at BCA in November 2022, down by £331 or 3.8% compared to October. Buyer engagement across BCA’s online sales programme remained robust and first-time conversion rates rose again, averaging over 80% in November. Average weekly values were steady during November as supply and demand remained well balanced and BCA continued… Continue reading Used car values down 3.8% in November at BCA
Vertu Motors completes Helston acquisition following FCA approval
Vertu Motors, having now received FCA approval, has completed the acquisition of Helston Garages Group Limited. Following the announcement of the intended acquisition on 8 December, Vertu has now completed the purchase of 28 franchised sales outlets, adding significant scale and geographic coverage to the Group’s existing footprint of 160 franchised outlets. Consideration of £117m,… Continue reading Vertu Motors completes Helston acquisition following FCA approval
Used dealers are stocking up before prices rise again, says Shoreham MD
Used car dealers are buying stock at reduced prices in the current market anticipating a turnaround in early 2023. That’s the view of Shoreham Vehicle Auctions’ MD Alex Wright who predicts the current trend of reduced demand and falling prices in the £10-30,000 used market will only last until the middle of Q1 2023, while… Continue reading Used dealers are stocking up before prices rise again, says Shoreham MD
Vertu Motors acquires South West based Helston Garages Group
Vertu Motors has acquired Helston Garages Group for of £120.1m. The acquisition includes 28 franchised sales outlets, adding significant scale and geographic coverage to the Vertu’s existing footprint of 160 franchised outlets. In the year ended 31 December 2021, the acquired dealerships generated revenues of £498.9m. Vertu said that the acquisition is a continuation of… Continue reading Vertu Motors acquires South West based Helston Garages Group
Donalds Group acquires Wrights Mazda in Norwich
Donalds Group has acquired Wright’s Mazda dealership in Norwich, joining existing Mazda dealerships at Bury St Edmunds, Ipswich and Peterborough. The company plans to revamp the workshop facilities while the showroom has recently been overhauled to meet the latest Mazda corporate standards. Donalds Group opened its first dealership in 1950. It now operates a network… Continue reading Donalds Group acquires Wrights Mazda in Norwich
No fall in used car values in ‘most scenarios’ says Auto Trader boss
Used car values are set to remain stable over the coming year due to a shortage of vehicles caused by low new vehicle sales in recent years. Auto Trader CEO Nathan Coe said he did not see a fall in used car values “in most scenarios” because the market was still short of vehicles, and… Continue reading No fall in used car values in ‘most scenarios’ says Auto Trader boss