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
Author: Motor Trader Online News
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
New car demand down, dealers use pre-registrations to meet targets
The September plate-change new car market was tough. Consumer confidence was hit, demand for new cars declined and dealers pre-registered cars to meet quarterly targets. New car registrations rose 1.3% to 343,255 units. The SMMT said it was a below-par performance following the -20.5% decline in the same month in 2018, when new emissions regulations… Continue reading New car demand down, dealers use pre-registrations to meet targets
Dealers see falling consumer demand in October
Dealers had a tough market in October with a slowdown in demand and lower footfall compared to a year ago. Modix, the digital marketing arm of Cox Automotive, said October was a “challenging” month. Its monthly dealer sentiment survey found that 55% of dealers believed demand was down year on year and 59% reported that… Continue reading Dealers see falling consumer demand in October
MG Motor UK opens new dealership in Hemel Hempstead
MG Motor UK has opened a new site in Hemel Hempstead. With more than 20 years of experience in the industry, Palmers Motor Company represent eight manufacturers across two independent sites. Dan Branch, operations director at Palmers Motor Company, said: “We’re always striving to work with developing brands and, with MG’s commitment to bring a… Continue reading MG Motor UK opens new dealership in Hemel Hempstead