Retailers need to sell 23% more cars under an agency model to see equal profitability with the franchised system, according to John O’Hanlon, founder of Waylands. O’Hanlon, speaking at last week’s Vehicle Remarketing Association conference about future challenges facing the industry, said: “We need to sell over 23% extra cars just to stand still under the agency […]
Read More →Broad Oak’s Nissan dealership in Canterbury Kent has won a Global Award from the manufacturer, as the best-performing Nissan franchise in the UK. The Canterbury dealership was rated against businesses in key Nissan markets globally and impressed the assessors with both its excellent customer service and its showcasing of the Nissan selection of vehicles. Broad […]
Read More →The latest ICDP: European Top 50 Dealer Groups 2022 has concluded that carmakers are increasingly attracted to working with fewer, larger dealer groups who are more process driven with superior IT systems. The report detailed the consolidation taking place across Europe with larger groups acquiring smaller owner-operators. Report authors Steve Young and Peter Bailey said: […]
Read More →It has been announced that the SLM Group has bought SMC Motor Group for an undisclosed sum. New Brands SLM Group operates dealerships in East Sussex, Kent and East Anglia, including five Toyota, one Vauxhall, one Suzuki, one GMW ORA dealerships. They also operate two used car SLM Select businesses and two body repair Centres. […]
Read More →Auto Retail Network will help retailers explore the solutions and steps necessary to protect their business from the risk of cyber criminal activity at a conference in London on 17 January 2024. Held in partnership with Salesforce, each session is designed to address the business concerns of retailers, delivering advice in a ‘non techy’ and […]
Read More →MG Motor plans to complete its UK dealer network by the end of 2023. The company aim to fill nine open points. Commercial Director Guy Pigounakis commented: “We will fill every major open point we have in the UK,” before adding that his company had benefitted from established manufacturers appearing to consider moves away from […]
Read More →Jaguar to launch ‘Second Life Leasing’ for used EVs Jaguar is set to launch a corporate used car leasing product, possibly called Second Life Leasing. It’s developing the product with its financial partner Lex Autolease and is expected to launch it in September, before opening to salary sacrifice customers by Q1 2024. The product would […]
Read More →Ford is planning to cut more than half its current retailer network in time to for a switch to agency sales, according to Auto Retail Agenda sources. It is understood the network was issued with termination notices last year and it was known a cut back was planned. However, final numbers for those that will survive […]
Read More →The Peter Vardy Group is to hold launch events for its new MG dealerships in Edinburgh and Kirkcaldy on Saturday 12 August. The portfolio expansion to its MG dealerships is part of Peter Vardy’s pledge to offer customers a wider choice of cars. “We are delighted to introduce the MG brand to Edinburgh and Kirkcaldy,” […]
Read More →Constellation, through its Cinch Holdco UK business, has withdrawn its support for the Alpha Auto’s bid for Lookers and now intends to vote against the deal. Constellation, parent company to Marshal Motors, Cinch, BCA and We Buy Any Car, owns a 19.2% share in Lookers. Canadian firm Alpha Auto Group initially made an offer of 120p a […]
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