One-third of dealers say that time is the biggest issue they face when it comes to getting imagery and listing a vehicle online. Research from Manheim shows that inconsistent image quality and the time taken to prepare the vehicle for photographing are a problem for 78% and 71% of respondents respectively. Manheim found that, on… Continue reading Dealers struggle to take stock images in good time
Author: Motor Trader Online News
Lenders tighten their rules and turn away more dealers
Prime lenders appear to be tightening their lending rules says Startline. This comes at a point in time when used car retailers need greater flexibility from their motor finance, as lenders respond to an economy that is “starting to stall”, acco4rding to Startline CEO Paul Burgess. “In many ways, this is to be expected. Motor… Continue reading Lenders tighten their rules and turn away more dealers
Dealers see average profit of £5,000 in April
The average UK motor retailer made a profit of £5,000 in April a “marginal improvement” on last year, according to dealer profitability specialist ASE. It said the result represented a “good return” given the reduction in tactical activity and reduced overall new car registration levels. “With new car volumes remaining under pressure as a result… Continue reading Dealers see average profit of £5,000 in April
JCT600 to open new Mitsubishi dealership in Bradford
JCT600 has appointed a new Mitsubishi Motors dealership in Bradford. The dealership will be fully open from 1 July, but a pop-up sales office is currently open for enquiries. Located at 99 Sticker Lane, the addition of a Mitsubishi Motors dealership will expand customer choice with a full range of cars, SUVs and pick-up trucks… Continue reading JCT600 to open new Mitsubishi dealership in Bradford
Dealers stock more used cars but sell slower in May
UK dealers stocked 15% more used vehicles in May than 12 months ago, according to the latest Market View from Motors.co.uk. Dealers’ average stock levels rose from 60 to 69 cars. However, cars took two days longer to sell in May than 12 months ago increasing from 38 to 40 days. May also marked a… Continue reading Dealers stock more used cars but sell slower in May
Dealers see enquiries for used cars grow by 5.6% in May
Dealers saw enquiries for used vehicles increase by 5.6% in May. Overall sales from used operations also increase by 4.2%, according to Dealerweb. It also reports that finance sales increased by 1.4% against the same month in 2018, while GAP insurance sales fell by 8.9% and paint protection by 0.2%. Finance penetration for used vehicles… Continue reading Dealers see enquiries for used cars grow by 5.6% in May
New JLR dual-arch dealership plans revealed for Nottingham
A new Jaguar Land Rover (JLR) will go ahead in Nottingham after plans for the dual-arch dealership were revealed yesterday. Pendragon has announced its plans to open the site upon completion in December 2019. Planning permission was granted for the site in 2018. The plans go against Pendragon’s 2017 announcement that it was to reduce… Continue reading New JLR dual-arch dealership plans revealed for Nottingham
Sytner Group opens new Mercedes-Benz dealership in Carlisle
Sytner Group is to open a £6.5m flagship Mercedes-Benz showroom and workshop at Kingmoor Park in Carlisle. Replacing a previous facility in Rosehill Industrial Estate, the dealership includes an 18-bay workshop and an approved used display area for 90 cars. John Buchan, group project manager at Sytner Group, said: “We are delighted with our new… Continue reading Sytner Group opens new Mercedes-Benz dealership in Carlisle
Renault considers FCA merger proposal
The Renault board is running the rule over the merger proposal it received from Fiat Chrysler Automobiles (FCA) last week. The deal proposed the new entity – which would have annual sales of £150bn – would be 50% owned by FCA shareholders and 50% by Groupe Renault shareholders. FCA said the deal would create the… Continue reading Renault considers FCA merger proposal
Cambria opens McLaren dealership in Hatfield
Cambria Automobiles has opened a new McLaren showroom in Hatfield, North London., trading under its Grange arm. McLaren’s UK network now comprises nine sales outlets with outlets in Ascot, Birmingham, Bristol, Glasgow, London, Manchester, Leeds and New Forest. It recently celebrated the production of the 20,000th car in Woking, Surrey. Last year the group built… Continue reading Cambria opens McLaren dealership in Hatfield