Cap hpi is predicting a “relatively strong” Q4 for used car values despite the impact of WLTP. Derren Martin, head of current valuations with cap hpi said some carmakers were likely to register lower volumes than usual in September and this could stretch into Q4 and beyond, with a positive impact on values. “With fewer… Continue reading Cap hpi forecasts ‘good’ Q4 for used car values
Author: Motor Trader Online News
Connected cars and the add-on opportunities for dealers
Dealers are set to benefit from a valuable new revenue stream from the unlocking of telematics data generated by new cars. Telematics have been a standard feature of cars for decades but recent developments with the rollout of connected cars, harnessing the power of the internet, have transformed the richness and timeliness of data. This… Continue reading Connected cars and the add-on opportunities for dealers
Lookers invests £3m in Guildford Audi dealership
Lookers has invested £3m in the refurbishment of its Guildford Audi dealership. The revamp, due for completion by October, will feature a Customer Private Lounge (CPL), enabling customers to configure and customise their car on 80-inch projector screens. There is also a larger car display space and workshop capacity has been increased by four ramps.… Continue reading Lookers invests £3m in Guildford Audi dealership
Volkswagen Financial Services pilots rental scheme with dealers
Volkswagen Financial Services is now running a pilot car rental scheme with a handful of UK dealerships being used as collection and drop off points. Progress ŠKODA in Northampton, is one of the first UK retailers to offer Volkswagen Financial Services UK, Rent-a-Car service. Other dealers listed on the VFS rental website are Citygate Volkswagen,… Continue reading Volkswagen Financial Services pilots rental scheme with dealers
Dealers reduce exposure to used diesel stock
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
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