Average used car values surged during November 2019, rising by £453 (4.7%) during the month to reach £10,101, the third highest figure on record. BCA reported a that the year-on-year headline figure was up by £235, equivalent to a 2.4% increase in average values despite both average age and mileage rising – a result reflecting… Continue reading Used car values up 4.7% at auction in November says BCA
Author: Motor Trader Online News
Sytner completes new £9m BMW car dealership in Cardiff
Sytner Group has completed the building of a new £9m BMW car dealership in Cardiff. The new 43,000 sq ft development will replace an existing dealership in the city. The new two-storey dealership will stock new and pre-owned BMW vehicles, including electric cars from BMW’s ‘i’ division. Keir Edmonds, managing director of MCS Group, the… Continue reading Sytner completes new £9m BMW car dealership in Cardiff
Marshall buys Volkswagen and Skoda dealerships from Jardine
Marshall Motor Holdings has bought Volkswagen and Skoda car and CV businesses from Jardine Motor Group for £9.3m. The deal, for £22.3m cash with £13m of inventory, includes six Volkswagen car franchises in Aylesbury, Harlow, Letchworth, Loughton, Milton Keynes and St Albans, a Volkswagen commercial vehicle franchise and bodyshop in Loughton and a Skoda passenger… Continue reading Marshall buys Volkswagen and Skoda dealerships from Jardine
Baylis Group sells part-exchange cars through Aston Barclay
Baylis Group has awarded Aston Barclay a solus remarketing contract for 2,000 cars a year Baylis is one of the largest independent Vauxhall dealer groups in the UK with eight branches across Gloucestershire, Herefordshire and Worcestershire. The group is rated 126 in the Motor Trader Top 200 Dealer Groups with annual turnover of £86.4m. As… Continue reading Baylis Group sells part-exchange cars through Aston Barclay
Inchcape opens new Jaguar Land Rover dealership in Derby
Inchcape has opened a new Jaguar Land Rover (JLR) dealership in Derby. The six acre site combines the previous Jaguar dealership next to the former Derby Cattle Market and the Land Rover dealership at Pride Park. Marcus Jones, our head of business at Derby said: “Having worked with the brand for over 20 years, it… Continue reading Inchcape opens new Jaguar Land Rover dealership in Derby
Dealers to wage war on costs in 2020 – ASE
The new year is expected to see a war on costs as dealers strive to maintain profitability in a weak new car market. That’s the view of Mike Jones, chairman of ASE, who said overheads had risen at dealerships during 2019. “Over the past year we have seen an increase in general overheads of 3%.… Continue reading Dealers to wage war on costs in 2020 – ASE
SsangYong Motors UK appoints new dealership to its network
SsangYong Motors UK has added Broadstone Cars to its UK dealer network. The dealership will retail SsangYong’s range of 4x4s and SUVs from its premises in Bridgnorth. Broadstone Ssangyong, a family run business with over 50 years of trading, is situated in the historic town of Bridgnorth in Shropshire bordering the West Midlands, Staffordshire, Herefordshire,… Continue reading SsangYong Motors UK appoints new dealership to its network
Dealers see longer lead times for new cars
Motorists must wait longer than ever for new cars to be built, with only one popular model now available to buy new from a physical dealership and receive in time for Christmas. BuyaCar.co.uk researchers investigated ‘lead times’ – how long it takes between ordering a new car and receiving it – for a number of… Continue reading Dealers see longer lead times for new cars
Lookers opens new JLR dealership, replacing three nearby sites
Lookers has opened a new Jaguar Land Rover (JLR) site in Buckinghamshire. The new 16,193 sq ft development in Aston Clinton is the most recent JLR ‘Arch’ concept to open to the public. The Arch design concept is a 50:50 split between Jaguar and Land Rover. The new multi-million-pound dealership involved the closure of the nearby Lookers Jaguar site in Amersham, Lookers… Continue reading Lookers opens new JLR dealership, replacing three nearby sites
Dealers must experience life with an EV to sell them
Dealers must themselves experience living with an EV in order to retail them properly, claims Oliver Larkin, head of group corporate and public relations at Volkswagen Group UK. At the NFDA’s EV Marketplace Seminar, Larkin said that it is not enough for dealers to just drive an EV once or twice, or over a period… Continue reading Dealers must experience life with an EV to sell them