The British Motor Show 2022 attracted 60,000 visitors to Farnborough with dealers reporting “strong leads” at the event. Groups exhibiting cars at the event include Eden Motor Group, Harwoods, Hendy, Marshall, Sandown, Snows, Style Motor Group and Vertu. The organisers claimed one of the major new car retailers attending reported a sales lead “every 52… Continue reading British Motor Show reports ‘strong leads’ for dealers
Author: Motor Trader Online News
Sinclair acquires Shukers Land Rover and Hyundai dealerships
Sinclair Motor Holdings has moved into England with the acquisition of Shukers’ two Land Rover dealerships and a Hyundai business, The purchase of Shukers Limited from the Rubery Owen Group sees the Sinclair Group broaden its Welsh territory up to Aberystwyth, where it will take over the Land Rover operation and also represent Hyundai for… Continue reading Sinclair acquires Shukers Land Rover and Hyundai dealerships
Dealers gear up to invest in charging points
Dealers are planning to invest in charging point in 2022 with the acceleration in sales of EVs. A poll carried out by Motor Trader in August found that 28% of dealers plan to invest in charging points this year. The majority, 56% have no plans for investment and 16% are thinking about investment in their… Continue reading Dealers gear up to invest in charging points
Lookers appoints new Head of Talent Acquisition.
Lookers has named JP Jones as Head of Talent Acquisition. Jones joins Lookers from Arla Foods Limited, one of the UK’s largest food manufacturers. Taking up his post on August 1 in this new role, JP will report to Lookers’ Chief People Officer Chris Whitaker. Whitaket saud: “Our people are at the core of our… Continue reading Lookers appoints new Head of Talent Acquisition.
Used car values to ‘remain strong’ with limited supplies says NFDA
The National Franchised Dealers Association (NFDA) is forecasting used car values will remain strong in Q3 due to limited supplies of part-exchange vehicles generated from new car sales. UK new car registrations fell by -9% in July to reach 112,162 units, the fifth month of consecutive decline. The society of Motor Manufacturers & Traders (SMMT)… Continue reading Used car values to ‘remain strong’ with limited supplies says NFDA
Over half of used car dealers turning to older vehicles in stock shortage
The majority of dealers (86%) say that having to sell older cars creates problems with vehicle history, preparation and breakdowns. Research in August’s Startline Used Car Tracker shows that 58% say stock shortages and high values mean they are selling older cars than three years ago. This ranges from 52% of dealers retailing stock at… Continue reading Over half of used car dealers turning to older vehicles in stock shortage
Snows adds Vauxhall franchise with Picador acquisition
Snows has acquired Picador Group based in the south of England for an undisclosed sum. Picador has two Vauxhall dealerships and also holds the service and repair franchise for Renault and Dacia. Around 90 Picador staff from across two Hampshire locations in Sholing (Southampton) and Chandler’s Ford, near Eastleigh, will join Snows. Picador turned in… Continue reading Snows adds Vauxhall franchise with Picador acquisition
Australian Mercedes dealers seek $650m in compensation over agency model
Australian Mercedes dealers are seeking $650m in compensation from the manufacturer over its decision to move to a fixed-price agency sales model. Thirty-eight of the nation’s 55 Mercedes-Benz dealerships have launched legal action against the company in the Federal Court. The manufacturer made the switch in January of this year. ABC News reported that dealers argue… Continue reading Australian Mercedes dealers seek $650m in compensation over agency model
Franchised dealers see impact of fuel prices on consumer EV demand
The majority of franchised dealers (80%) have said that an increase in the price of petrol and diesel has had a strong impact on consumer demand for EV. In an NFDA poll members also raised new EV models and greater EV government support as key drivers to demand. With sales of electric vehicles growing, diesel… Continue reading Franchised dealers see impact of fuel prices on consumer EV demand
Close Brothers to provide MotorEasy Gap insurance to dealers
Close Brothers Motor Finance has chosen Intelligent Motoring as its preferred GAP insurance partner. The move will enable Close Brothers Motor Finance to offer all customers a 5-star Defaqto rated GAP offering, via Intelligent Motoring’s consumer-facing brand, MotorEasy. Close Brothers Motor Finance’s 8,000-strong dealer and broker partners will continue to have priority in offering GAP… Continue reading Close Brothers to provide MotorEasy Gap insurance to dealers