Dealers are ‘optimistic’ about the used car sector in the next 12-18 months with almost half(47.1%) believing that the market will see growth. Nearly a third (29.1%) see the market as unchanging and just over a fifth (22.8%) predict limited negative growth, according to research from Startline Motor Finance. The used car market in 2019… Continue reading Dealers ‘optimistic’ about used car prospects in 2020
Author: Motor Trader Online News
FRF Volvo invests £1.8m in Swansea dealership
FRF Volvo, the family-owned and run business in Swansea is investing £1.8m in its dealership in Swansea. As well as relocating, the Swansea-based retailer is also expanding, with a larger showroom, including a greater display of Approved Used Volvo Selekt models on the forecourt and increased customer parking. Dominic Hall, Sales Manager at FRF Volvo… Continue reading FRF Volvo invests £1.8m in Swansea dealership
Glyn Hopkin group rolls out new pricing platform to dealerships
Glyn Hopkin has implemented Indicata’s real time pricing platform across its network. All 35 dealerships and 13 franchises will use Indicata after it was successfully piloted first within its Honda franchise and then across its Nissan dealer business. Glyn Hopkin has recently begun to sell used cars online and will use the platform to price… Continue reading Glyn Hopkin group rolls out new pricing platform to dealerships
Toyota dealers top profitability charts for electric and plug-in cars
The Toyota dealer network is the most satisfied with the profit they are making on electric and plug-in cars compared to petrol and diesel models. That’s a key conclusion of the latest Electric Vehicle NFDA Dealer Attitude Survey which looked at those networks who currently have at least one new plug-in hybrid or pure electric… Continue reading Toyota dealers top profitability charts for electric and plug-in cars
Vospers sells former Fiat and Alfa Romeo dealership in Exeter
A former Vospers motor dealership in Exeter has been sold for £1.7m to Ability Matters Group. The site is a former Fiat and Alfa Romeo showroom, comprising two showrooms totalling 12,246 sq ft. Will Jolly, consultant within the automotive and roadside department at colliers international, which brokered the deal, said: “This deal highlights the ongoing… Continue reading Vospers sells former Fiat and Alfa Romeo dealership in Exeter
Stoneacre Doncaster becomes MG Motor’s 100th UK dealership
MG Motor UK has opened its 100th UK dealership in Stoneacre Doncaster. The new premise increases the brand’s footprint in the region and becomes Stoneacre Motor Group’s fourth MG site. Philip Wade, franchise and development director, Stoneacre Motor Group, said: “Stoneacre opened its first MG site in Hyde at the start of the year and… Continue reading Stoneacre Doncaster becomes MG Motor’s 100th UK dealership
MG Motor UK adds new West Wales dealership to its network
MG Motor UK has added OC Davies Group to its UK network. The Cardigan dealership builds on the group’s West Wales presence, with existing MG sites in Carmarthen and Neyland, and takes MG’s Welsh dealer count up to 11 locations. Morlais Davies, OC Davies managing director, says: “It’s been fantastic to see our existing dealerships… Continue reading MG Motor UK adds new West Wales dealership to its network
Falling pay, Top 50 used car dealers, motor finance
Motor dealers have seen a fall in their pay over the past year as commissions and incentives were cut. This is not surprising given the pressure on the new car market. Even the used car market has felt the pain in recent months with a fall in values hitting the bottom line. The pay pain… Continue reading Falling pay, Top 50 used car dealers, motor finance
EVs seen as the biggest future challenge by used car dealers
Used car dealers view electric vehicles as the biggest challenge facing them in the future. According to research by Startline Motor Finance EVs were named as a concern by 37.7% of dealers, compared to compliance (18.9%), negative equity in diesel cars (13.2%), consumer expectations (11.3%) and the impact of revised commission structures (7.5%). Also, 13.2%… Continue reading EVs seen as the biggest future challenge by used car dealers
Sytner sells four Volkswagen dealerships to Johnsons
Sytner has sold four of its Volkswagen dealerships to Johnsons Volkswagen. The sites are located in Liverpool, Stafford, Stoke-on-Trent and Warrington. The ex-Sytner dealerships will join Johnsons’ existing showrooms in Birmingham, Birmingham Bullring, Solihull, Sutton Coldfield, Tamworth and Willenhall. Sytner Group achieved a profit before tax of £113,266,000 in 2018, up 14.27% on 2017. It… Continue reading Sytner sells four Volkswagen dealerships to Johnsons