A predicted surge in market share for electric vehicles is the single biggest change to the Dealership of Tomorrow report, said author Glenn Mercer as he presented his annual update to his long...
Read moreFCA URGES FINANCIAL REPORTS DELAY AUDITORS WARN OF ‘ACCOUNTING CHAOS’ INCHCAPE SUSPENDS £150m SHARE BUYBACK CORONAVIRUS: AUTO INDUSTRY ROUND-UP GET YOUR AUTO RETAIL AT HOME EU...
Read moreThere is certainly going to be a lot of change as we go through 2020. We are going to see a huge amount of electric and hybrid product hit the market, which retailers are increasingly going to be...
Read more2019 was undoubtedly a tough year for UK motor retailing. The industry is going through a number of seismic changes as customers change what cars they are going to buy, how they buy them and...
Read moreIt would be very easy, given the negative press around at the moment and the profit warnings issued by some of the listed motor retailers, to assume that the sector was having a pretty dreadful time...
Read moreMore than 60 best practice seminars will form the heart of the learning experience at NADA Show 2020, taking place in Las Vegas, February 14 to 17. New for 2020 is the Digital Super Track series of...
Read moreMarch is a vital month for UK motor retail. With the launch of the new registration plate it is the top month of the year, both in terms of retailer turnover and profitability. Over the past two...
Read moreTraditionally February produces the largest losses for UK motor retailers and, unless we have a crash later in the year, 2019 looks like being no different. The average dealership lost £19,600 during...
Read moreFollowing its decision to withdraw its appeal following the decision of the European Court of Justice in HMRC versus Mercedes Benz Financial Services in October 2017, HMRC has published advice to the...
Read more2018 has certainly been a year when the UK motor sector has had to cope with a significant amount of change and disruption. At the start of the year all we had really to deal with was a set of...
Read moreThe power of disruptive marketing through social media platforms, such as Google, Facebook and Twitter, will be just one of the super-session topics at NADA Show 2019, which is taking place in San...
Read moreThe UK motor retail sector is used to coping with temporary shocks and market distortions. Historically we have managed choppy periods phenomenally well and I have no doubt that the current...
Read moreAuto Retail Network is joining forces with global automotive profitability expert ASE to promote their annual trip to the NADA Show. Recognised internationally as the world’s leading automotive...
Read moreThe average UK motor retailer produced a steady start to the third quarter of 2018, recording a marginal loss for the month of £1,600. While this represents a step backwards from 2015 and prior,...
Read moreThe first quarter of 2018 has been a tough one for the UK’s motor retailers. They have been dealing with a market which has been declining, effectively for a year, and they have been doing this...
Read moreThe first quarter of 2018 has been a tough one for the UK’s motor retailers. They have been dealing with a market which has been declining, effectively for a year, and they have been doing this...
Read moreGoing into February 2018 there was not much to be over-optimistic about in the UK motor retail sector. February is always a tough month, with the multiple problems of a lack of working days, frequent...
Read moreThe average UK motor dealer produced a stunning result for March, with an average site profit of over £114,000 for the month. This represents a significant increase on the result for the same month...
Read moreLooking at the market and performance in January you could be forgiven for thinking that we were still in 2016. Predictions and forecasts of significant reductions in volumes of cars registered have...
Read moreIf you were looking at the results for the average motor retailer in 2016 you would probably give them a B+. Good, but not great. Coming in with an annual profit of £177,000 sees dealers suffer their...
Read more