Scottish auto retail group, Eastern Western has reported a rise in profits of almost 7% to £9.6 million in its latest results for 2016. Like-for-like new car sales grew by 3% and used car sales by...
Read moreVolvo has recognised Marshall Cambridge as its outstanding retailer for 2016, awarding it the overall Dealer of the Year title. Marshall Cambridge picked up a regional award in Volvos six-monthly...
Read morePendragon has seen its profit-before-tax for 2016 drop 7.6% to £73.0 million on a turnover that has increased 1.9% to £4.54 billion, in its latest full-year financials. However, the group claims the...
Read moreThe UK new car market achieved another record year in 2016 despite a fall in the December figures Annual registrations climbed for the fifth year in a row to reach almost 2.7 million, but the growth...
Read moreLook past the raw numbers from the recent 2016 new registration announcement and one comment from SMMT chief Mike Hawes stood out for me. Along with predicting a five percent decline for 2017, he...
Read moreThe all-important lead-up to the final Christmas bricks-and-mortar retail push lacked sparkle according to an industry report. Boxing Day proved to be particularly disappointing; footfall was down...
Read moreRelationships between retailers and manufacturers have improved slightly, according to the latest NFDA Dealer Attitude Survey, but are still a cause for concern. A 0.1 point increase in the key...
Read moreModern technology has been embraced by motor retailers, with parallel retailing directing customers to bricks and mortar sites. Cars cannot be serviced remotely, and customers still overwhelmingly...
Read moreFleet operators are growing in confidence, with 43% believing that the total number of cars and vans they run will increase over the next three years. This sense of optimism is strongest among smaller...
Read more2016 is definitely the year of the quarter-ends. We are seeing increasingly volatile performance as dealers move through the first two months of the quarter making losses as they strive for targets,...
Read moreMarch 2016 was a record month for average dealer profitability in the UK, with retailers nearly making £100,000 in the month. The profit of £98,861 represents the highest single monthly profit we...
Read moreOver the last six months I’ve used the Uber ride-sharing app in three different world cities: Jaipur, Melbourne and Las Vegas. I’ll admit, I’m a convert. Why? There are lots of...
Read moreCar registrations in January climbed 2.9% compared with the same month in 2015 to reach an 11-year high of 169,678 units the highest number since January 2005 which saw 181,474 new cars registered....
Read moreCap Black Book is predicting 2016 will be a challenging year in the used car marketplace, as volumes continue to rise thanks to record levels of new car registration. Stability in the market will rest...
Read moreThe 2016 New Years Honours list contained a handful of auto retail industry figures. Northern Irish motor trade entrepreneur Gilbert Tunney, 81, is honoured with an MBE for services to the motor...
Read moreThe turkey is probably a distant memory and I imagine plans are already in place to take down the Christmas decorations – both at home and at work. If the weather has been a disappointment, at...
Read moreThe IoD has warned that any interest rate rise in 2016 will harm company profits. Furthermore, the business group has stated that company profits peaked in 2015, as part of its downbeat outlook for...
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