Blue Motor Finance has announced the launch of a new tailored stock lending product to support SME motor dealers. Blue developed the new product to provide dealers with a simple and flexible route to accessing stock finance. The new lending facility will enable dealers to finance new stock investments and is a form of secured… Continue reading Blue Motor Finance simplifies stock lending for dealers
Author: Motor Trader Online News
Scottish dealers sell cars faster than the rest of the UK
Data shows that used cars sell six days faster in Scotland than the nationwide average. CarGurus have shown that cars spend just 25 days on dealer forecourts in Scotland compared with to the average of 31 days across the UK. In comparison, Wales was the slowest selling region, averaging 35 days. In Scotland, the Vauxhall… Continue reading Scottish dealers sell cars faster than the rest of the UK
Dealers increased used stocks in March but sold faster
Dealers increased used stocks in March 2019, but sold cars faster than they did 12 months ago. Motors.co.uk found that despite the new 19-plate, used forecourts were busy in March with dealers stocking an average of 66 cars, eight more than 12 months ago, and seeing their average days in stock fall from 41 to… Continue reading Dealers increased used stocks in March but sold faster
Hendy breaks through £1bn turnover with Westover acquisition
Hendy Group has bought south coast-based Westover Group for an undisclosed sum. The deal sees the Hampshire-based group break through the £1bn turnover barrier for the first time. It now employs 2,000 people. Westover Group employs more than 725 people and represents 15 carmakers from 26 showrooms across Dorset and Wiltshire. Hendy now operates 26… Continue reading Hendy breaks through £1bn turnover with Westover acquisition
Nissan unveils new City Hub dealership concept in Paris
Nissan’s first City Hub has been unveiled today, marking a new approach to dealerships for the manufacture. The new approach sees the convergence of e-commerce and a concept store. It is making its debut in Velizy 2, a shopping center just outside Paris. The Nissan City Hub features 88m2 of screen surface and displays, five… Continue reading Nissan unveils new City Hub dealership concept in Paris
Dealers held more used car stock in February
Dealers held higher levels of used car stock in February 2019 than the previous year. On average, dealers held on average 66 used cars in February, which is up 12% year-on-year. Also, the latest Market View from Motors.co.uk shows that independents sold used cars faster and held lower stock levels than their counterparts in the… Continue reading Dealers held more used car stock in February
Halliwell Jones seeks more storage for Warrington dealership
Halliwell Jones BMW in Warrington has submitted planning applications to the local council to use derelict land to store 150 cars. To be used on a temporary basis, the company proposes to use the land for a maximum of 2 years. The storage of 150 vehicles has been referred to as “the worst case scenario… Continue reading Halliwell Jones seeks more storage for Warrington dealership
Dealers held 12% more used car stock in February
Dealers held higher levels of used car stock in February than they did in the same month last year. The monthly analysis, from Motors.co.uk shows the average dealer increased year-on-year stock levels in February from 59 to 66 cars, while average days in stock remained unchanged at 44. Stock levels in franchised sites averaged 62… Continue reading Dealers held 12% more used car stock in February
Suzuki dealership celebrates its 40th anniversary
Colin Appleyard Ltd. is marking the 40th anniversary of the unveiling of its first Suzuki car dealership in the UK. The business was established in 1970 by the 34-year-old apprentice mechanic and entrepreneur, Colin Appleyard MBE, who sold motorcycles as a one-man band from premises in Keighley, West Yorkshire. He then opened Cornmill Garage in… Continue reading Suzuki dealership celebrates its 40th anniversary
TMS Motor Group pumps £1.7m into Coventry Volvo dealership
TMS Volvo, the family-owned Volvo retailer, has completed a £1.7m refurbishment of its Volvo dealership in Coventry. The new showroom includes a greater display of Approved Used Volvo Selekt models on the forecourt. The Volvo Retail Experience places a focus on improving the space and design of the dealership. TMS Volvo Coventry is also in… Continue reading TMS Motor Group pumps £1.7m into Coventry Volvo dealership