Three quarters of the dealers are satisfied with their current stock turn according to research by NextGear Capital. When posed the question “are you satisfied at the speed at which you can convert the used vehicles you buy into a sale?”, 74% confirmed that they were happy with their average days to sell being between… Continue reading 74% of UK dealers are happy with current stock turn
Author: Motor Trader Online News
Motorline Nissan to open new dealership in Reading
Motorline Nissan will open a new dealership in Reading next week, in an attempt to solidify its presence throughout Berkshire and Oxfordshire. The new dealership replaces Motorline Nissan Reading’s temporary Bath Road showroom, which it has operated from since taking over the town’s Nissan franchise three years ago. It represents a seven-figure investment by Motorline.… Continue reading Motorline Nissan to open new dealership in Reading
Europe’s largest Mercedes-Benz dealership to open in Stockport
LSH Auto UK will open a new Mercedes-Benz dealership in Stockport, which will be the largest in Europe. It will create 55 new jobs in the local area, and will open in July 2019. The 10.5-acre site will hold 140 vehicles, and incorporate a dedicated AMG suite and display 100 approved used Mercedes-Benz vehicles in… Continue reading Europe’s largest Mercedes-Benz dealership to open in Stockport
Suzuki adds seventh dealership in Northern Ireland
Suzuki GB PLC has expanded its dealer network by appointing Greg Mitchell Motors in County Tyrone. This brings the total number of Suzuki dealerships in Northern Ireland to seven, and to 157 locations across the UK. The dealership has also been enlarged and modernised to create a state-of-the-art 12-car showroom. It features a handover bay… Continue reading Suzuki adds seventh dealership in Northern Ireland
Marshall becomes UK’s largest ŠKODA retailer in new acquisition
Marshall Motor Group has acquired four ŠKODA dealerships in Bedford, Northampton, Letchworth and Harlow from Progress Bedford Limited. This acquisition has made Marshall the UK’s largest ŠKODA retailer, with a total of 11 locations. Daksh Gupta, chief executive of Marshall, said: “These acquisitions are an exciting milestone for Marshall. The acquired businesses have good potential… Continue reading Marshall becomes UK’s largest ŠKODA retailer in new acquisition
Dealers fall short when explaining autonomous features
Just 35% of buyers feel that autonomous features are clearly explained to them during visits to dealerships, and only a third received a demonstration, according to a new Auto Trader market report. It states that upon receiving an explanation in the showroom, 72% of car buyers said they were more likely to buy the car,… Continue reading Dealers fall short when explaining autonomous features
Westover Group refurbishes Lexus dealership in Poole
Westover Group has invested £200,000 in the refurbishment of its Lexus dealership in Poole, Dorset. The motor dealership on West Quay Road has undergone a 10-week programme of internal cosmetic work. Westover Group is rated 48 in the Motor Trader Top 200 Dealer Groups with annual turnover of £334.4m. Established in 1923, it currently employs… Continue reading Westover Group refurbishes Lexus dealership in Poole
Dealers work harder to boost finance as used car margins fall
Dealers are pushing harder on used car finance business to offset falling margins on used cars. That’s the view of online technology specialist iVendi, which said values of high quality stock remaining high but retail prices were under pressure. It said there was “a definite increase” in activity designed to create additional profits around the… Continue reading Dealers work harder to boost finance as used car margins fall
The options open to dealers after termination
Losing a franchise is a major blow for any dealer. You will ave likely invested many years, let alone a lot of money, in the brand and suddenly you can’t use it any more. Or can you? First, though, why would you want to? You cannot obtain supplies of new cars from the manufacturer any… Continue reading The options open to dealers after termination
Dealers see decline in volumes of nearly new diesel cars
Dealers are beginning to see a decline in the numbers of nearly new diesel cars in the market as a result of dieselgate three years ago. Diesel sales have been falling steadily and the nearly new diesel used car parc has shrunk as a result. “The dawn of dieselgate three years ago had a relatively… Continue reading Dealers see decline in volumes of nearly new diesel cars