Cazoo has sold its third party data platform Cazana to Percayso for an undisclosed sum. The disposal aligns with Cazoo’s strategy to focus on its core UK online sales business as as opposed to providing data services to third parties. The agreement includes the sale of the Cazana brand, platform and commercial contracts. Cazoo said… Continue reading Cazoo sells data firm Cazana to focus on core UK online sales
Author: Motor Trader Online News
Dealers stocking “more economical cars” in cost of living crisis
Over a third (34%) of dealers say they are stocking more economical cars as a result of the ongoing cost of living crisis. Startline has reported that 33% of dealers are stocking cars that cost less to buy or lease while a further 20% are retailing smaller cars. However, only 7% say they are providing… Continue reading Dealers stocking “more economical cars” in cost of living crisis
Majority of dealers provide ‘high levels of testing’ on used cars
Dealers are going “above and beyond” obligated checks on used cars to ensure they receive the highest level of testing and inspection before sale. That’s the conclusion of the Dealer Panel survey from WMS Opteven, which found that four fifths (80%) carry out the same level of inspection, irrespective of vehicle age and mileage. The… Continue reading Majority of dealers provide ‘high levels of testing’ on used cars
Snows acquires Vauxhall and Citroen dealerships from J Davy
Snows Motor Group is set to open new Vauxhall and Citroen dealerships in Basingstoke. The two businesses have been acquired from J Davy. Snows now has three Vauxhall dealerships: sister sites in Southampton and Chandlers Ford joined the group last year. Citroen rejoins the company as a manufacturer, with the newly acquired Basingstoke business running… Continue reading Snows acquires Vauxhall and Citroen dealerships from J Davy
Dealers and supermarkets will ‘scramble’ to fill used forecourts says Swansway boss
This year will see franchised dealers and supermarkets ‘scramble’ to find used cars to fill forecourts. That’s the view of Swansway director Peter Smyth, speaking in the Zeus Motor Sector Podcast with long time motors analyst Mike Allen. Smyth said talk about a price crash in 2023 did not make sense. “I can allay the… Continue reading Dealers and supermarkets will ‘scramble’ to fill used forecourts says Swansway boss
Dealers to see ‘strong demand’ for used cars in 2023.
Franchised dealers will continue to see strong demand in the used car segment driven by a combination of consumer demand and a lack of supply of new vehicles. That’s the view of Sue Robinson, CEO of the National Franchised Dealers Association (NFDA), commenting on the latest SMMT’s used car figures. “Looking ahead, used car values… Continue reading Dealers to see ‘strong demand’ for used cars in 2023.
Dealer Auction reveals most profitable used cars for dealers
The Land Rover Discovery Sport and Land Rover Range Rover Evoque were the two most profitable used cars for dealers in January delivering margins of £3,380 and £3,080 respectively. Launched in January 2022, Dealer Auction’s Retail Margin Monitor tracks the potential retail margin that can be achieved on vehicles sold on Dealer Auction’s open network.… Continue reading Dealer Auction reveals most profitable used cars for dealers
Majority of dealers don’t use personalised videos for used car sales
The majority of dealer groups are still not using video to help drive used car sales. Research carried out by CitNOW found that 80% of the top 100 dealer groups by turnover are not offering the option to request a personalised video within their used car listings. In a survey of 1,000 UK motorists commissioned… Continue reading Majority of dealers don’t use personalised videos for used car sales
Clive Brook sells Volvo dealerships to Ray Chapman Motors
Clive Brook Volvo has sold its two dealerships to family-run company, Ray Chapman Motors following the decision by founder and MD Clive Brook to retire. The company’s Bradford and Huddersfield dealerships will be taken over by Ray Chapman Motors, who already operate Volvo franchises in neighbouring Malton and York. Latest figures filed at Companies House… Continue reading Clive Brook sells Volvo dealerships to Ray Chapman Motors
MG Motor awards top dealers at annual conference
MG Motor UK has congratulated its network of 156 dealerships following a record year for sales in 2022. The company secured its position as the fastest growing mainstream car brand for a second time and won the Carmaker of the Year Award at the Motor Trader Retail Industry Awards in London. As part of its… Continue reading MG Motor awards top dealers at annual conference