With increasingly complex functions in customer interaction, aftersales, used car management as well as constant developments in the advancement of vehicles, “retailers remain a cornerstone,” reports the latest Cox Automotive Insight Quarterly. “The question is not whether dealers are necessary, but how they can adapt to the ongoing agency model debate and continually prove their […]
Read More →John Grose Group has reported a profit before tax of £6.3m for the year ended December 2023. This is down from the previous year’s profit of £8.3m. According to the directors, auto retail had benefitted from steady growth and consumer demand despite continued supply chain issues and inflationary pressures on new vehicle prices. Turnover increased […]
Read More →Bumper, a payment specialist, have announced their intention to grow sales by a further £460m by the end of this year after achieving £500m in April. Some dealer groups who are now offering interest free loans to customers for car servicing through Bumper. Glyn Hopkin, Yeomans, Sinclair and Ancaster are among those offering the deal. […]
Read More →The first Fisker retailer has opened in Nottingham, as the new entrant goes from a direct sales to a hybrid sales model. A Lotus and Morgan retailer, Central GB, is the first Fisker retailer partner in the UK. In a battle to stave off bankruptcy Fisker is currently undergoing a restricting.
Read More →Marshall Motor Group has appointed two new group MDs who will divide the retailer’s brands between them, in a move believed to be similar to that of Pendragon with its Stratstone and Evans Halshaw branches. Mark Robinson, former CEO and founder of Vantage Motor Group, and Trevor Fussey, former Stratstone boss, were last week both […]
Read More →Vertu has given a positive outlook for the year ahead despite “stalled” EV demand in its latest full-year results. In line with market expectations, the group revealed an adjusted profit before tax of £37.8 million, down on last year’s £39.3m for the year ended 29 February 2024. Turnover for the group hit a record £4.7 […]
Read More →Mark Robinson, the former Chief Executive and founder of Vantage Motor Group, has been appointed Group Managing Director of Marshall Motor Group. Robinson had been interim Group Managing Director at Marshall Motor Group for four months until this became a permanent role. “After four months in the interim role of Group Managing Director at Marshall […]
Read More →Following fears the new ICE market may slow in the second half of 2024, due to potential sales restrictions from brands eager to meet ZEV Mandate targets, there are fresh hopes used cars could take up some of the slack for retailers. Although Cox Automotive is maintaining its baseline forecast of 7.4m used cars sales in 2024, […]
Read More →Suzuki GB has appointed Jon Coles as its new general manager for dealer development. He will take on responsibility for all four dealer divisions which are Automobile, Motorcycle, Marine and All-Terrain Vehicle (ATV). Taking over from Mark Hallam who retired in March, Coles will lead a team of eight and will be responsible for all […]
Read More →Chippenham Motor Company has been put on the market for offers in excess of £5m. Sanderson Weatherall is handling the sale of the site on Bumpers Way in Wiltshire. The Wiltshire site, which was recently refurbished at a cost of £1.1m, extends to 1.9 acres, with 25% building coverage. It commands an annual rent of £300k, or […]
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