Dealers have reduced their exposure to diesel holding less stock than they did a year ago. Analysis carried out by Cox Automotive in May found that diesel accounted for 50% of total dealer stock in May compared to 57% a year ago. Dealers are now stocking more petrol cars, accounting for 48% of stock in… Continue reading Dealers reduce exposure to used diesel stock
Author: Motor Trader Online News
Trust Ford to transform four dealerships into Ford Stores
Trust Ford, the factory-owned dealer group has announced the redevelopment of four dealerships into Ford Stores. Work to turn sites in Cribbs Causeway and Staines into new format Ford Stores is underway, with the revamped developments expected to open in autumn. Sites in Newtownards Road and Lisburn, Northern Ireland, will also become Ford Stores, with… Continue reading Trust Ford to transform four dealerships into Ford Stores
Perrys opens £8.5m Ford dealership in Chesterfield
Perrys Group is holding the public launch of an £8.5m Ford dealership in Chesterfield on 21 June. Paul Rogers, Perrys regional director of East Midlands, said: “We are so delighted to be welcoming the people of Chesterfield, and the local area, to our launch event. “The £8.5m investment we have made to create this new… Continue reading Perrys opens £8.5m Ford dealership in Chesterfield
Large ‘mothership’ dealerships to play pivotal role in the future
Large dealerships are set to play a pivotal role in delivering new mobility solutions to consumers. Big dealerships will be the “mothership” for introduction of EV, shared driving and autonomous technology because they offer the route to market for much of technology. That’s the view of Automotive Property Consultancy (APC) which said the current trend… Continue reading Large ‘mothership’ dealerships to play pivotal role in the future
Dealers see average profit of £9,300 in April
A strong used car performance helped the average UK motor retailer deliver a strong performance for the month of April. Dealers saw an average £9,900 increase in profits compared to April 2017, which saw profits of just £600, which was hit by a combination of the Easter holiday falling in April in 2017 and a… Continue reading Dealers see average profit of £9,300 in April
Dealers see surge in online finance quotes
Dealers are seeing a surge in online finance as consumers take the digital route to market. Online technology specialist iVendi said it is generating online motor finance quotes for buyers on around 250,000 vehicles every month. “At a time when it is still possible to find people in the industry who deny the relevance of… Continue reading Dealers see surge in online finance quotes
Hendy Group acquires used car outlet in Portsmouth
Hendy Group is set to expand its used vehicle business with the acquisition of the Unbeatablecar Portsmouth outlet for an undisclosed sum. Hendy already operates Ford, Honda, Kia and commercial vehicle businesses in the city. The new site will be rebranded and open for business as Hendy Car and Van Store on 1 July. The site… Continue reading Hendy Group acquires used car outlet in Portsmouth
MotorVise: Dealerships committing “database suicide” with opt-in
Automotive retail solutions provider MotorVise has claimed that a series of dealerships and dealer groups have been misinformed by leading industry consultants, manufacturers and associations with regards to GDPR compliance. These companies are reported to have advised that dealerships need customers to ‘opt in’ to continue to receive marketing communications. According to MotorVise director Fraser… Continue reading MotorVise: Dealerships committing “database suicide” with opt-in
Waylands expands Volvo business with Newbury acquisition
Waylands Automotive, the dealer group set up by ex-Ridgeway CEO John O Hanlon (pictured right), has bought Fawcetts Garage’s Volvo business in Newbury. Waylands, which already runs a Volvo business in Reading, took ownership of Fawcetts earlier this month. O’Hanlon returned to the motor trade in November last year with the launch of Waylands .… Continue reading Waylands expands Volvo business with Newbury acquisition
PSA sells ex-management used cars through PSA Direct
PSA has launched a used car programme selling ex-management Peugeot, Citroen and DS cars. The PSA Direct programme, successfully piloted in 2017, will offer a centrally advertised pool of cars and allow the customer to choose their dealer of choice. PSA said the programme will give dealers access to a wider range of specifications and… Continue reading PSA sells ex-management used cars through PSA Direct