Author: Motor Trader Online News

Aston Barclay launches digital tools to help dealers process used cars

Aston Barclay has launched Cascade, a suite of digital tools to help dealers process used cars. Cascade includes a vehicle appraisal App, which helps dealers to more accurately appraise incoming vehicles using cap used car data or customers’ own pricing data. All data captured, including inspection reports and images, is saved in a back-office platform,… Continue reading Aston Barclay launches digital tools to help dealers process used cars

Dealers must comply with new HMRC VAT digital record rules

Dealers are being urged to ensure they are compliant with the Government’s new Making Tax Digital service, designed to make it easier for businesses to get their tax right and keep on top of their affairs. From 1 April 2019, all VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) are required to… Continue reading Dealers must comply with new HMRC VAT digital record rules

Jardine pumps £1m into Bury St Edmunds BMW dealership

Jardine Motors Group has pumped £1m into redeveloping its BMW dealership in Bury St Edmunds. The overhaul has seen Jardine install BMWi and M product presentation stands. Three new technicians are being recruited to bring the headcount to 15. Andrew Maund, head of business at Bury St Edmunds, said: “We are very excited to have… Continue reading Jardine pumps £1m into Bury St Edmunds BMW dealership

Dealers see surge in used cars sold on finance over past year

The UK has seen a surge in used cars sold on finance over the past year. According to the latest figures from the Finance & Leasing Association the number of used cars sold on dealer finance in the 12 months to November rose 7% to 1,454,568 while their value surged 13% to £17.5bn. The number… Continue reading Dealers see surge in used cars sold on finance over past year

Used car values to ‘flatline’ in 2019 following surge last year

Used car prices are expected to ‘flatline’ in 2019 following the surge in values experienced in 2018. Average used petrol prices rose 15.5% and by nearly £1,400 to £10,370 during 2018 according to analysis of used cars sold online by Autorola UK. Petrol cars started 2018 in Q1 at £8,978 and rose to £10,370 in… Continue reading Used car values to ‘flatline’ in 2019 following surge last year

WLTP causes ‘wide variance’ in dealers’ financial performance

The new WLTP rules impacted that came into force in Q3 impacted the market in November with wide variances in performance between franchises. According to dealer profitability specialist ASE November 2017 was a poor month, with retailers clocking up record losses as they coped with the cooling market. “This has not been replicated in 2018,… Continue reading WLTP causes ‘wide variance’ in dealers’ financial performance

Vertu Motors buys online van and car broker for £7.5m

Vertu has bought online van retailer www.vansdirect.co.uk based in Newport, South Wales for £7.5m. The Vans Direct business was founded in 1999, billing itself as a specialist in the supply of new vans, finance, contract hire, hire purchase, offering direct delivery across the UK. For the year ended 31 October 2017, it reported revenues of… Continue reading Vertu Motors buys online van and car broker for £7.5m

Hendy buys Seward dealerships in Portsmouth and Havant

South coast automotive group Hendy has bought Hampshire based Seward Group for an undisclosed sum. Chief executive Paul Hendy said the purchase of the group, which has two dealerships in Portsmouth and Havant, was a strategic move for the company and consolidated Hendy’s strong position in the area. “The Portsmouth region is hugely important for… Continue reading Hendy buys Seward dealerships in Portsmouth and Havant

Dealers warned to check out the terms of the contracts they sign

Reading long, tedious contracts is no-one’s idea of fun. Who doesn’t click to say they have read and accept the terms when they buy something on the Internet? But when you buy something for your business, you probably wouldn’t take such a casual attitude. Or would you? Buying something online, even if it’s a piece… Continue reading Dealers warned to check out the terms of the contracts they sign