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
Author: Motor Trader Online News
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
Dealers offer bigger discounts to shift large SUVs
Dealers are offering bigger discounts on large SUVs to keep the metal moving. That’s the conclusion of the latest quarterly Target Price from What Car? which found that discounts in the large SUV segment rose by 6% in the three months to August. Falling demand for big SUVs and the fall-out from diesel were leading… Continue reading Dealers offer bigger discounts to shift large SUVs
Dealers turn in strong profit performance in August
The average UK motor retailer made a profit of £200 in the month of August, a marked contrast to the traditional result for the month, which last year produced an average loss of just under £17,000. This was all produced by pre-WLTP deadline activity, with significant incentives being provided to move cars prior to the… Continue reading Dealers turn in strong profit performance in August
Snows acquires Perrys’ Portsmouth multi-franchise site
South of England-based Snows has taken over a Perrys site selling Fiat, Mazda and Peugeot in Farlington, Portsmouth. The showrooms now have Snows branding and the company will sell Abarth models for the first time from the Fiat facility. “This is another strategic acquisition for the business, further strengthening our offering to discerning customers in… Continue reading Snows acquires Perrys’ Portsmouth multi-franchise site
Donnelly Group acquires Shaws Citroen Bangor operation
The Donnelly Group, claimed to be Northern Ireland’s biggest family-owned new and used vehicle retailer, has taken over Bangor-based Shaws Citroen. This brings Donnelly’s dealer portfolio to nine sites and gives the company a presence in Bangor for the first time. It plans to run the site as a duel franchise operation, as the company… Continue reading Donnelly Group acquires Shaws Citroen Bangor operation