Fears are growing among retailers for profitability through the first half of 2024 and beyond, with an increased number (34% versus 31% six months ago) anticipating that profit will be down. The...
Read moreBusiness costs, particularly around energy and wages, have risen sharply, but all the headlines about these being ‘unprecedented’ is nonsense. So says Vertu CEO Robert Forrester, with a reminder...
Read moreThere has been a lot of analysis and press recently around the performance of Cazoo, both in terms of its recent trading announcements and its share price performance. Since floatation the share price...
Read more2021 is going to go down as a record year for motor retail profitability. Indeed it is probably one which is never going to be surpassed in terms of collective profits earnt. While retailers are busy...
Read moreIncreases in inflation, interest rates and higher cost of raw material and staffing have knocked the early optimism for a swift bounce back in the automotive industry, and fleets and automotive...
Read moreWith the Bank of England expecting inflation to hit 7% and the inevitable wage inflation that could follow, motor retailers are facing many of the headwinds impacting the UK economy. This has been...
Read moreRetailers have found themselves in something of a purple patch over the last year, despite the shortage in supply of new vehicles, reaping the benefits of an increasingly strong used car market. And...
Read moreToday, many companies are struggling with multiple challenges. They are working to provide engaging, more personalised customer experiences that offer compelling reasons for customers to come back. At...
Read moreThe global Covid-19 pandemic has brought many challenges to the automotive industry, and there’s not a clear end in sight, especially when it comes to the supply chain. The end of furlough and an...
Read moreA key expectation for EVs is that they will require fewer repairs than conventionally fuelled vehicles, but research looking at tens of millions of vehicles and billions of service events over the...
Read moreWith a number of sector-specific sticking points, and EU concern about a level playing field where the UK might be able to undercut European standards but still have access to the market, a Brexit...
Read moreCovid-19 has been tough for the dealer community, but looking at things optimistically, it can be the catalyst for positive change. It is time for dealers to seize the initiative, re-engineer their...
Read moreAs we look ahead into the prospects for 2020 and beyond for the dealers, the near-term economic environment has got no clearer ahead of the UK General Election on 12 December. Never have the manifesto...
Read moreIndependent retailers in both the used and franchised sectors could add as much as £15,000 to their bottom line profit by learning how to squeeze more money from their businesses and embrace new ways...
Read moreAn explosion in the number of digital marketing channels, combined with a virtual search engine arms race, is leading to increased confusion among retailers, resulting in rising costs. And in many...
Read moreData collected and analysed by WhoCanFixMyCar.com looking at Ford, Volkswagen and Vauxhall models revealed a small difference in average maintenance costs overall across the brands, but highlighted...
Read moreThe Federation of Small Businesses (FSB) has warned that legislation forcing companies to enrol staff into a pension scheme will cost the average small businesses at least £2,550 a year....
Read moreWho does your deliveries for a corporate handover? It could be an employee, a driver from a group-wide pool, a self-employed driver or an outsource from a specialist company. Nowadays, due to the...
Read moreWhether it’s sending information about your next promotional event, vehicle service reminders or even letting people know what documentation they need to bring in when buying/collecting a car,...
Read moreIt is pretty unanimous that 2009 is going to be a tough year. Any improvements in profit are highly unlikely to result from increased sales, and manufacturers will not be writing out huge bonus...
Read more