Retailers could see improved profit from finance sales once the legislation around commission payments has been clarified and finalised, according to Auto Trader CEO Nathan Coe. Speaking to Auto Retail Agenda, Coe said the “finance situation will work itself out, in future it will be more transparent and better for the consumer.” He said that finance was […]
Read More →Gravells Limited saw profit before tax in the year ended December 2023 grow from £2.4m to £4.6m – a return of 3.6%, up from 2.3%. Turnover was also up, from £107m to £130m. The Wales and Hereford retailer said growth has been helped by new value-added products and services, investment in its underlying systems and […]
Read More →Renault retailers can expect to add a fifth brand to their showrooms from next year with the launch of Mobilize. Mobilize is the French firm’s finance house, but is also the division that will sell the Twizy replacement called Duo, and commercial vehicle version called Bento. Mobilize will sit alongside Renault, Dacia, Pro+ and Alpine […]
Read More →Mercedes-Benz UK CEO Gary Savage has questioned the latest NFDA Dealer Attitude Survey for its relevancy to the agency model. Dealer attitude decline As highlighted in the October issue of Auto Retail Bulletin, under true agency agreements, all stock is held by the national sales company, which means there is zero pre-registration by retailers. However, Mercedes retailers […]
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 →Arnold Clark is to invest £23m to install more than 500 electric vehicle chargers across the UK. They will be available 24/7, be “totally secure” and Arnold Clark customers will get preferential rates. The ambitious new Arnold Clark Charge network will use rapid DC chargers from Finnish company Kempower. Around 500 units, offering charge speeds […]
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