Smaller dealers with the ‘wrong’ brands look set to bear the brunt of the semi-conductor crisis in the second half. That’s the view of Steve Young, managing director of ICDP, who said that larger dealer groups will fare better across a range of brands. The SMMT new car sales figures for July reveal the winners… Continue reading Smaller dealers with ‘wrong brands’ face tough H2
Author: Motor Trader Online News
Dealers see surge in part-exchange vehicles
It’s boom time for motorists right now, with the value of their cars continuing to rise alongside the number of used car sales increasing by 6.6% on pre-pandemic levels as revealed by the SMMT. Our data shows that between the first and second quarters of 2021, the average price of used cars shot up by… Continue reading Dealers see surge in part-exchange vehicles
Volkswagen’s new SUV coupé ID.5 GTX to hit dealers next year
Volkswagen is set to introduce its SUV coupé ID.5 GTX as a disguised concept at the IAA Munich Motor Show. The first SUV coupé based on the Modular Electric Drive Matrix (MEB), the ID.5 GTX is fully connected, can receive updates over-the-air and is fitted with Car2X technology. The ID.5 GTX is the first all-electric… Continue reading Volkswagen’s new SUV coupé ID.5 GTX to hit dealers next year
Dealers turn in £100k profits in June to round off record H1
June saw the average UK motor retailer make profits of over £100,000 to round off a record performance for the first half of the year. The June figure is in stark contrast to the losses recorded in the H1 2020 of £55,000, according to dealer profitability specialist ASE. “This marks the end of a phenomenally… Continue reading Dealers turn in £100k profits in June to round off record H1
Stoneacre Motor Group acquires Toyota Durham and Sunderland from Jardine
Stoneacre Motor Group has announced its acquisition of Toyota Durham and Toyota Sunderland from Jardine Motors Group for an undisclosed sum on 30th July 2021. It now represents Toyota in seven locations: Stockton-on-Tees, Darlington, Northallerton, Newcastle-upon-Tyne, Gateshead, Durham and Sunderland and Lexus in Newcastle-upon-Tyne and Stockton-on-Tees. The latest acquisitions increase manufacturer representation to 29 franchises… Continue reading Stoneacre Motor Group acquires Toyota Durham and Sunderland from Jardine
Peugeot, Ford and Jaguar dealers hardest hit in July new car sales
The SMMT new car sales figures for July reveal the winners and losers in the current market, with the supply chain hit by the shortage of semiconductors. In an overall market down 29.5%, MG Motor turned in a strong performance with registrations up 31% in July. Hyundai also performed strongly with registrations up 9.8%. At… Continue reading Peugeot, Ford and Jaguar dealers hardest hit in July new car sales
Lloyd Motor Group buys York JLR dealership from Inchcape
Lloyd Motor Group has bought the Jaguar Land Rover dealership in York from Inchcape for an undisclosed sum. The acquisition increases the number of Lloyd Jaguar Land Rover retailers to six, with York joining Ripon Land Rover, Carlisle Land Rover, Kelso Land Rover and Carlisle Jaguar. Lloyd Motor Group, founded in 1976, operates in twenty-nine… Continue reading Lloyd Motor Group buys York JLR dealership from Inchcape
Automotive Transformation Group buys Salesmaster
Automotive Transformation Group has bought software supplier SalesMaster for an undisclosed sum. Founded in 2009 and headquartered in the UK, SalesMaster serves franchised dealer sites in its domestic market. Its key products are inventory stock management tool Stockbook, vehicle booking system Demo Diary and Fleetbase, its fleet order management platform. The company saw losses of… Continue reading Automotive Transformation Group buys Salesmaster
Nissan dealers prepare for sales of the new Qashqai in its biggest market
MT checks out the state of play at the Nissan franchise as dealers prepare for sales of the all new Qashqai What a year to take up the new job. Andrew Humberstone was appointed as managing director of Nissan Motor GB in January 2020. By the time he had got his feet under the desk… Continue reading Nissan dealers prepare for sales of the new Qashqai in its biggest market
Bristol Street Motors acquires Renault Dacia in Leicester
Bristol Street Motors has acquired the Renault Dacia business in Leicester from Renault Retail Group UK Limited. The new dealership, the seventh Renault dealership in the Group, has been introduced at the Group’s former Citroen dealership based on Raw Dykes Road. It will showcase a range of new and used cars as well as offering… Continue reading Bristol Street Motors acquires Renault Dacia in Leicester