Pendragon has struck deals to sell off two Jaguar Land Rover dealerships in California for £60m as part of its strategy announced two years to pull out of the US. The group has sold Mission Viejo to Lithia Motors for £29m in cash and Newport Beach for £31m. Lithia Auto had previously bought Pendragon’s Aston… Continue reading Pendragon to sell two JLR dealerships in California for £60m
Author: Motor Trader Online News
EMaC launches aftersales academy for dealers
Service plan provider EMaC has launched an Aftersales Academy, offering free training to dealers on their books to help them maximise aftersales opportunities. The programme includes on-site workshops, webinars, incentives, hosted events and awards for star performers. Modules offer interactive group activities, discussions and self-directed learning to support individuals’ personal development. The academy has been… Continue reading EMaC launches aftersales academy for dealers
Suzuki GB opens its second Midlands dealership in Redditch
Suzuki GB PLC has announced the opening of Startin Suzuki Redditch, This brings its dealer network count for the UK to 159 locations and is the second Suzuki franchise to be opened by the Startin Group in the Midlands. The dealership will serve motorists in the key catchment area covering Alcester and Bromsgrove, through to… Continue reading Suzuki GB opens its second Midlands dealership in Redditch
Blue Motor Finance simplifies stock lending for dealers
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
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