Online used car dealer Cazoo lost £549.2 million before tax during 2021, according to the firm’s annual results. Turnover for the year stood at £667.8m, up from £162.2m in 2020 when it ‘only’...
Read more2020 proved a phenomenally profitable time for UK motor retailers, with the average business increasing their EBITDA by 41% when compared to the prior year. There were a large number of ‘winners’,...
Read moreFebruary always represents a tough month for UK motor retailers, albeit 2021 brought about a non-traditional set of challenges. While February retained the challenge of being a short month, with a low...
Read moreNow that motor retail is up and running across the country we can start to decipher the cost of the pandemic shutdown to dealerships. I paused the detailed commentary during the lockdown, however we...
Read moreWith the industry allowed to open the showroom doors from 1 June we are starting to see the recovery and will be able to determine the shape of that recovery over the coming weeks. There should be...
Read moreAs he looks to fulfil his promise of getting the network to 1.5% return on sales, Citroen managing director Karl Howkins is losing faith with the bottom quartile of dealers, who are dragging the rest...
Read moreAs we went through the course of 2017 we knew that the financial results for the month of December would come under pressure and this has undoubtedly been proved to be the case. The average UK motor...
Read moreAs expected the average UK motor retailer had a tough November, posting a loss of £18,700 per site for the month. November is always a poor performing month as a result of being mid-quarter and with...
Read moreAnew market that fell 5% in 2017 and challenging conditions going into 2018 do not seem to have seen much of a relaxing in manufacturer targets, with 95% of retailers citing new car sales as a...
Read moreAs expected the average UK motor retailer had a tough November, posting a loss of £18,700 per site for the month. November is always a poor performing month as a result of being mid-quarter and with...
Read moreA dramatic decline in October saw the UK new car market fall by over 12%, with double digit falls in both private and fleet registrations. October marked the seventh consecutive month of falling...
Read moreAugust is always a tough month for UK motor retailers and 2017 proved no exception, with the average site posting a loss of just under £17,000 for the month. This marked a deterioration of just over...
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 moreLooking back you would probably give September (and the whole of the third quarter) about a score of seven out of ten. Results were mixed and failed to live up to the heady heights of the previous...
Read moreThe average dealer lost just under £15,000 in August 2016, the worst result for the year. While, on a headline basis, this does not look great, the result was paradoxically better than expected....
Read moreOn the face of it, the first month of post-Brexit trading does not make pretty reading for the average UK motor retailer with average losses of £6,500 for the month. This contrasts markedly with a...
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 moreWhile we are well past the days when December was an exercise in minimising losses, the result for December 2015 was still slightly disappointing, with the average dealer posting a profit of £14,600...
Read moreNovember always feel like the calm before the storm. We barely close the financial month before we receive the registration data for December and all eyes look towards the year end position. This year...
Read moreJaguar Land Rovers UK sales director Chris Newitt has refuted claims that the Land Rover franchise is propping up its loss-making retailer Jaguar counterpart and called on dealers representing the...
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