Hyundai Motor (UK) has pulled the plug on plans to develop its flagship dealership in Brentford adjacent to the M4. It said it had axed the development to focus on “the improvement of business efficiencies ensuring sustainable growth for the future.” Avison Young and TT&G Partners have been instructed to sell the freehold interest in… Continue reading Hyundai axes plans to develop its flagship dealership in London
Author: Motor Trader Online News
MG Motor UK sets implements EV standards across UK dealers
MG Motor UK has rolled out its Hybrid and Electric Vehicle Standards to support its network of dealerships across the UK. The new standards include an overview of hybrid and electric vehicle training, as well as requirements for electric vehicle charging at dealership sites. They are designed to equip MG’s existing sales staff and technicians… Continue reading MG Motor UK sets implements EV standards across UK dealers
Motorway launches new dealer stock acquisition platform
Motorway has today announced the launch of its dealer stock acquisition platform Motorway Pro, as well as an £11m funding round from technology investors. Motorway Pro platform allows consumer sellers to see offers from dealers, alongside instant prices from online car buyers. Dealers can bid for a vehicle submitted by seller over a 24 hour… Continue reading Motorway launches new dealer stock acquisition platform
Dealers struggle to take stock images in good time
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
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