Stereotypical perceptions of used car salesmen are no longer relevant according to V12 Vehicle Finance (V12VF). V12VF said that the role is becoming more collaborative than ever, with levels of respect and transparency at an all-time high. A customer survey carried out by V12VF – featuring 1,002 dealers – backs up the view, with 69%… Continue reading Majority of buyers most confident buying used from franchised or independent dealers
Author: Motor Trader Online News
BLOG eBay Motors on used car values and where they are going
“The old adage ‘what goes up must come down’ doesn’t seem to apply to used cars, at least not for the time being. The unprecedented increase in average used car values that we’ve seen in the last 12 months shows no sign of a major reversal. Our expectation is that this new level of pricing… Continue reading BLOG eBay Motors on used car values and where they are going
Kia launches scheme to drum up dealers fleet SMR work in network
Kia UK is aiming to drum up fleet SMR work in its UK dealer network with the launch of the Kia Business Service Promise. Fleets traditionally have the work carried out elsewhere on the grounds of cost. The new Kia Business Service Promise is available across Kia’s 192 UK dealer partners, allowing any Kia qualifying… Continue reading Kia launches scheme to drum up dealers fleet SMR work in network
Lloyd Motor Group acquires Volvo business near Kendal
Lloyd Motor Group has announced its acquisition of the Volvo Cars business in Levens, near Kendal, from P.V Dobson. The business will be renamed Lloyd South Lakes – Volvo Cars, and will welcome customers across the south Cumbria and north Lancashire regions. Lloyd Motor Group also recently acquired its Lloyd Kia South Lakes site in… Continue reading Lloyd Motor Group acquires Volvo business near Kendal
Endeavour expands Suffolk footprint with Turners acquisition
Endeavour Automotive has added two new Hyundai businesses to its network with the acquisition of Turners in Suffolk. John Caney, Endeavour Automotive, took to LinkedIn to announce the news. He said: “Delighted to announce this morning the acquisition of two Hyundai businesses and body shop from Turners of East Anglia, expanding the group’s footprint into… Continue reading Endeavour expands Suffolk footprint with Turners acquisition
Marshall posts £96.2m PBT in first results since takeover
Marshall has posted an underlying profit before tax of £96.2m, up from £20.9m (31 December 2020). In the 15 months to 31 March 2022, the company saw revenue grow to £3.8bln from £1.6bln (2020), in a period that was extended because of its takeover and de-listing from the London Stock Exchange. Marshall said that “unprecedented… Continue reading Marshall posts £96.2m PBT in first results since takeover
Final call for dealers to attend EV Retail Summit, Birmingham, Thursday 6 October
Dealers are lining up for the EV Retailing Summit taking place at the Eastside Rooms, Birmingham tomorrow. Vertu, Inchcape, Allen Ford and Perrys are among the dealer groups taking part in the event, which is free to attend for dealers. In the session on motor finance and EVs Andy Muir, head of sales at Mann… Continue reading Final call for dealers to attend EV Retail Summit, Birmingham, Thursday 6 October
Dealers can provide more advice to customers on electric alternatives
Dealers have an opportunity to provide advice to customers choosing to stay with ICE rather than consider electric alternatives. JudgeService has identified a mix of stoicism and indecision among some car buyers when it comes to taking practical steps to mitigate the cost of living crisis. When asked whether pump prices, which spiralled to record… Continue reading Dealers can provide more advice to customers on electric alternatives
BLOG: HMRC email targets motor dealers and SAOs
In an unusual move, HMRC have directly targeted motor dealers with an educational email and video aimed at reducing the frequent VAT errors discovered on VAT inspections. Many businesses have been left much to their own devices while HMRC have been distracted by the twin challenges of Brexit and COVID, VAT enquiries at motor retailers… Continue reading BLOG: HMRC email targets motor dealers and SAOs
CitNOW expands dealer offer with Auto Imaging acquisition
Supplier of digital video services to the motor sector CitNOW Group has bought Auto Imaging for an undisclosed sum. Auto Imaging is a supplier of digital solutions for the UK motor industry, enabling dealers to capture more consistent vehicle imagery, provide immediate quality control of imagery, automated stock video, and accelerate their deployment within online… Continue reading CitNOW expands dealer offer with Auto Imaging acquisition