Reconditioning work is the biggest delaying factor in getting a vehicle on sale according to 85% of dealers. The results of Manheim’s latest dealer sentiment survey show that 42% of dealers said that it takes an average of 3-4 days to list a newly-sourced vehicle, while just under a quarter reported an average of 5-6… Continue reading Dealers cite reconditioning work as the biggest barrier to a fast sale
Author: Motor Trader Online News
LEVC expands UK network with three new dealerships
The London EV Company (LEVC) has increased its regional presence across the UK by opening three new dealerships. The new retailers in Nottingham, Slough and Southampton will offer sales and aftersales support. LEVC’s existing retail network is spread across 12 UK cities. The new dealers will help underpin local authorities’ efforts to improve urban air… Continue reading LEVC expands UK network with three new dealerships
NFDA provides dealers with EV range guide for buyers
The National Franchised Dealers Association (NFDA) and Low Carbon Vehicle Partnership (LowCVP) have together produced a ‘Know Your Electric Range’ guide for consumers to help overcome range anxiety. NFDA will distribute the guide to its dealer members across the UK to help showroom buyers understand that the improved electric range figures for the latest fully… Continue reading NFDA provides dealers with EV range guide for buyers
Auto Trader buys £5.5m-turnover KeeResources software group
Auto Trader Group has bought KeeResources for an undisclosed sum. KeeResources provides software, data and services to the automotive industry, including a detailed vehicle taxonomy dataset for new and used cars which Auto Trader uses to power its platform. The group had £800,000 operating profit and £5.5m turnover in 2018. Auto Trader CEO-designate, Nathan Coe, said: “KeeResources has… Continue reading Auto Trader buys £5.5m-turnover KeeResources software group
Carwow looks to dealers to invest in business
Carwow is looking for dealers to invest in a crowdfunding move to help it expand. This follows the announcement in August of a £25m strategic funding round led by Daimler. So far the business has raised £55m from venture capital investors including Accel, Balderton, Episode 1 and Vitruvian. Carwow said that following the Daimler round… Continue reading Carwow looks to dealers to invest in business
JCT600 opens newly refurbished Mitsubishi dealership
JCT600 has opened a new Mitsubishi Motors dealership on Sticker Lane in the city, following a six figure investment. The new dealership is expected to create 16 jobs. After extensive refurbishment, the new JCT600 Mitsubishi Bradford dealership features elements of the latest Mitsubishi Motors corporate design. It also has the capacity to display six new… Continue reading JCT600 opens newly refurbished Mitsubishi dealership
Dealers miss out on record volumes of cars going through MoT
New research carried out in the first half of 2019 found that franchised workshops, on average, retained just 31.4% of MOT custom where no scheduled service was due compared to 46.3% of scheduled servicing work. Marketing Delivery, electronic customer relationship management provider, conducted a nationwide analysis of over 245,000 customer records. The company found that… Continue reading Dealers miss out on record volumes of cars going through MoT
Marshall Group opens new Nissan dealership in Lincoln
Marshall Group has opened a new Nissan dealership in Lincoln combining sales, aftersales, service and used car facilities together in one modern state of the art facility. The new dealership includes a new customer Re:Fuel lounge where visitors can relax with a hot or cold drink, and an innovative design lab. Here, customers can explore… Continue reading Marshall Group opens new Nissan dealership in Lincoln
Dealers should prepare ahead of SM&CR introduction
MotoNovo Finance is encouraging all senior leaders within dealerships to access whether they are ready for the introduction of the Senior Managers & Certification Regime (SM&CR). SM&CR aims to increase the personal accountability of everyone working in financial services but particularly those in senior roles, including motor dealers offering finance. All dealers offering finance must… Continue reading Dealers should prepare ahead of SM&CR introduction
Dealers urged to stay focused on used cars in September
Dealers should maintain a focus on used cars during the September plate change as searches for part-exchange values increase in the preceding weeks. Data from Honchō shows that in both August and September there was a 57% rise in searches for the term “part-exchange” since 2015. It also advises dealers to retain some of their… Continue reading Dealers urged to stay focused on used cars in September