Citygate has bought Volkswagen dealerships in Brentford and Twickenham from Inchcape. the Brentford business becomes its largest dealership with a 1.6-acre site, four floors and 28 service bays. Twickenham will undergo a refit to become a brand-new SEAT dealership offering SEAT and Volkswagen servicing. Citygate CEO, Jonathan Smith, said: “We are delighted to have completed… Continue reading Citygate buys two Volkswagen dealerships in London from Inchcape
Author: Motor Trader Online News
Dealers must match online experience with dealership to succeed
Dealers must offer as good a digital experience through online as they do in the dealership if they are to continue to target and win new customers, according to a new CDK Global white paper. The first in a series of Dealership Dilemmas papers shows that an average of 10 hours is spent by car… Continue reading Dealers must match online experience with dealership to succeed
FCA approves Opteven acquisition of WMS Group
The FCA has given its approval to Opteven’s acquisition of The WMS Group. The deal was officially signed on 8 January. Opteven already has an operational presence in UK, managing the approved used warranty programme on behalf of Volkswagen Financial Services UK. The group has ambitions to continue to grow their presence throughout Europe. WMS… Continue reading FCA approves Opteven acquisition of WMS Group
New compliance solution to show areas of concern for dealers
A new compliance solution division for leasing companies, brokers, dealers and lenders has been launched by APD Global. The solution, Compliance 360, has been developed to monitor customer feedback in line with FCA guidelines to ensure suppliers proactively process responses in areas of non-compliance such as commissions, transparency and affordability. APD monitors feedback from customers… Continue reading New compliance solution to show areas of concern for dealers
Warranties become more important to dealers’ reputation
Warranties are becoming increasingly central to dealer reputation management because of the power of online reviews. According to the RAC Dealer Network the warranty provided with a used car plays a key role in how many post-sales issues are eventually resolved. It found that online reviews in which dealers and their customers tended to be… Continue reading Warranties become more important to dealers’ reputation
Pendragon sells JLR dealership in California for £31m
Pendragon confirmed today that it had sold its Jaguar Land Rover dealership in Newport Beach, California. The transaction is in line with the group’s strategy of disposing of its US motor businesses. Pendragon is currently seeking to fill the vacant role of CEO, following the departure of Mark Herbert after just three months in the… Continue reading Pendragon sells JLR dealership in California for £31m
Simonstone Motor Company’s Bristol dealership ceases trading
Simonstone Motor Company’s Bristol dealership has stopped trading. The site is a multi-brand car dealership on Bath Road, Brislington, representing Alfa Romeo, Abarth, Fiat and Jeep. Bristol Live reported that vehicles for sale have been taken away to other dealerships. The publication claims that a number of customers awaiting new cars are now unsure where… Continue reading Simonstone Motor Company’s Bristol dealership ceases trading
Used car values up 4.7% at auction in November says BCA
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
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