Most dealers have performed better than expected during the first full month of trading in England post lock down., That’s the view of dealer analyst Mike Allen at Zeus Capital who said the key areas of pent up demand had been in used cars and aftersales, with private new car demand also “reasonable” given the… Continue reading Dealers perform ‘better than expected’ post lockdown
Author: Motor Trader Online News
ASE warns dealers to get numbers right on furlough claims
Dealer profitability specialist ASE has warned dealers to ensure they have the right paperwork in place claiming for staff on furlough. Chairman Mike Jones told Motor Trader that the government had done a good job in getting money to dealer groups but dealers needed to get their claims right to avoid penalties. “That’s something that… Continue reading ASE warns dealers to get numbers right on furlough claims
Dealers see surge in demand for low mileage lease deals
Dealers are seeing a surge in demand for low mileage car leasing deals as a result of the lockdown. Leasing.com, the platform that provides leasing deals from franchised motor dealerships, independent brokers, motor manufacturers and leasing companies, said it has seen a 40% increase in demand for sub-5,000 mile contracts. Changes in lifestyle, commutes and… Continue reading Dealers see surge in demand for low mileage lease deals
Majority of buyers still prefer contactless services from dealers
Demand for contactless services from dealers remains, with 76% of prospective buyers looking for virtual dealer appointments, at-home test drives, or home delivery. CarGurus reports that the number of car buyers delaying their car purchases decreasing from 87% in April to 77% in June, while only 2% of those who planned to buy this year before the… Continue reading Majority of buyers still prefer contactless services from dealers
Ford to launch Fleet Management solution at UK dealerships
Ford and ALD Automotive have signed a shareholder agreement to create an integrated leasing and fleet management solution for European customers. The new company, which will be called Ford Fleet Management, will see both parties collaborate to develop the capabilities to provide a integrated leasing and fleet management offer. Both commercial vehicles and passenger vehicles… Continue reading Ford to launch Fleet Management solution at UK dealerships
Cazoo acquires independent retailer Imperial Car Supermarkets
Cazoo has acquired independent used car retailer Imperial Car Supermarkets. The company says that the deal will accelerate the transformation of the UK used car market by providing Cazoo with a national network of storage, distribution, after sales and collection hubs. Imperial Car Supermarkets was established in 2006 and has grown to 18 retail sites across… Continue reading Cazoo acquires independent retailer Imperial Car Supermarkets
Peter Cooper Motor Group acquires Think Cars in Dorset
Peter Cooper Motor Group has acquired the £14m-turnover Think Cars used car business and SsangYong franchise in Dorset. All 12 staff, including MD Kristian Robinson, are being retained. Robinson will move into a wider group buying role while also maintaining a hands-on role at Think Cars. Peter Cooper employs 245 staff and reported a turnover… Continue reading Peter Cooper Motor Group acquires Think Cars in Dorset
TMS Group finalises acquisition of Leicester Kia dealership
TMS Motor Group finalised its acquisition of Sandicliffe Leicester Kia dealership for an undisclosed sum. The move takes its representation with the Korean brand up to two sites. The group is keeping on all existing staff at the dealership as part of the acquisition. TMS Motor Group has already operated the Hinckley Kia dealership for… Continue reading TMS Group finalises acquisition of Leicester Kia dealership
Strong used car sales offer dealers support in tough trading
Dealers and pundits have given a mixed response to car sales figures in June which fell 35%. Mike Jones, chairman of dealer accountancy form ASE said the momentum was building with a strong performance in used car sales. “The retail drop, at 19%, shows that customer demand was strong, with fleets and leasing companies taking… Continue reading Strong used car sales offer dealers support in tough trading
Pentagon shuts Alfa and Jeep dealership in Doncaster
Pentagon Motor Group has closed its Alfa Romeo and Jeep Dealership at Wheatley Hall Road in Doncaster. The group said it had been impacted by the pandemic and the site was not viable in the current market. Pentagon Motor Group was established in March 1991 with one Vauxhall dealership at in Derby. Today, the business… Continue reading Pentagon shuts Alfa and Jeep dealership in Doncaster