Dealers saw overall profits for the average site fall 26% in September to around £57,000 compared to £77,000 average profitability in September last year. September is usually the second most profitable month of the year, however 2018 results were hit by the supply shortages caused by WLTP. Overall profits for the month were down by… Continue reading Dealers profits plummet 26% in September due to WLTP shortages
Author: Motor Trader Online News
Vindis refurbishes Volkswagen dealership in Cambridge
East Anglia dealer group Vindis has refurbished its Cambridge Volkswagen dealership. The family-owned motor dealer group represents Audi, Volkswagen, Bentley, Ducati, Skoda, Seat and Volkswagen commercial vehicles. Mark Hudson, VW Brand Director at Vindis, said: “We’re delighted to be launching the newly refurbished Cambridge VW as part of Vindis’ ongoing programme of development and customer… Continue reading Vindis refurbishes Volkswagen dealership in Cambridge
Dealers buy lower grade vehicles at auction to counter shortages
Dealers are buying lower grade used car stock at auction because of stock shortages and high demand for the best vehicles. That’s the view of the Vehicle Remarketing Association (VRA), which said dealers who would normally only acquire grade one or two cars were settling for grade three vehicles and then spending money on refurbishment.… Continue reading Dealers buy lower grade vehicles at auction to counter shortages
Dealers see high demand for used diesel cars
Demand for diesel cars in the used car market remain high as consumers seek out value cars offering high MPG. Diesel cars were the fastest selling used cars across the UK in September in sharp contrast to plummeting demand in the new car market because of fears over emissions, health, the environment and future taxation.… Continue reading Dealers see high demand for used diesel cars
Pendragon warns WLTP to hit vehicle sales and profitability
Pendragon warned today that the introduction of Worldwide Harmonised Light Vehicle Test Procedure (WLTP) on 1 September would damage its performance for 2018. Profits are set to decline about 17% to £50m compared to last time due to problems with supplies. “UK New Car market data for the month of September showed a decline of… Continue reading Pendragon warns WLTP to hit vehicle sales and profitability
Riverside Motors buys Harratts Volvo dealership in Wakefield
Yorkshire-based Riverside Motor Group has acquired Harratts Volvo in Wakefield for an undisclosed sum. The new business complements Riverside’s two existing Volvo dealerships in Doncaster and Hull. Riverside has represented the brand since1982. The Hull dealership won Volvo UK’s Dealer of the Year Award 2009, 2011 and 2013 while the Doncaster business took the accolade… Continue reading Riverside Motors buys Harratts Volvo dealership in Wakefield
Aston Barclay buys £39m-turnover The Car Buying Group
Aston Barclay has acquired the £39.1m turnover The Car Buying Group (TCBG) for an undisclosed sum. Aston Barclay already has a strong relationship with TCBG, selling used cars on its behalf at Donington and Chelmsford. TCBG claims to sell over 10,000 cars a year on behalf of car owners. The 10,000 cars will now be… Continue reading Aston Barclay buys £39m-turnover The Car Buying Group
September used car sales rise posted by UK dealers
UK car dealers enjoyed strong September sales, which increased year on year by 11% according to a survey by lead management business enquiryMAX. It canvassed more than 700 dealers. The survey data showed the average sale price of a used car dropped from £22,159 in 2017 to £20,369 this year. The average value of part… Continue reading September used car sales rise posted by UK dealers
Dealers see growing demand for longer warranties
This year is proving to be one of the most interesting years in the warranty sector for some time, with a number of key trends emerging, the biggest of which is increased demand for longer warranties. Over the last 12 months, we have seen a 10% drop in sales of three month warranties and a… Continue reading Dealers see growing demand for longer warranties
Car parking is biggest bugbear for consumers at dealerships
Customer parking continues to be the facility most in demand from consumers at dealerships. The latest NFDA Consumer Attitude Survey Autumn 2018 found that parking was the most expected facility by 73% of customers. It continues to be a major problem for dealers in urban areas who have to juggle customer expectations with in many… Continue reading Car parking is biggest bugbear for consumers at dealerships