Back in January, I suggested that it is time to build a strategic model of what the next 10 years are going to look like from an aftersales business point of view due to the impact of the EV...
Read moreFor franchised retailers, delivering an overall net profit from core business traditionally involves carefully juggling multiple revenue and cost drivers across the three pillars of new, aftersales...
Read moreAftersales performance in July saw no great changes when compared to the rest of 2023, with the only notable drop being in absorption rates which fell to a low for the year of 41%. This drop in...
Read moreRetailers saw average used car sale values increase 3.7% in March, up to £19,260 from £18,573 in the same month last year. Average days to sell also reduced markedly, down from 52 to 46, and it has...
Read moreThe short-lived ‘growth at all costs’ doctrine introduced by Liz Truss and Kwarsi Kwartang in recent weeks was said to be a challenge to the orthodoxies of HM Treasury economics. The ‘markets’...
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 moreIn outright registrations, Hyundai saw a greater increase than any other brand in 2021 with a gain of more than 22,000 cars to a total just shy of 70,000. Its market share was 4.23% and the network...
Read moreBloomberg and Reuters reported last week that the National Grid had sent an alert asking power plant operators to increase production to meet electricity demand. Such warnings are sent automatically...
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 moreWith Lockdown 3 entering its second month in February, there were obvious challenges for the used car sector. Showrooms remained physically closed and test drives were a grey area legally. The...
Read moreAs we start 2021 this is certainly going to be a first quarter like no other that we have seen. We are going to spend the entire quarter, usually our busiest of the year, with the showrooms locked...
Read moreChange within the automotive retail sector through 2020 was been dynamic, with the industry progressing five years in as many months through the first half of the year. So says Mark Raban, CEO at...
Read moreFord expects to maintain a price premium for electric vehicles for almost 10 years, even if the price of battery technology comes down. Instead, as battery technology becomes less expensive Ford will...
Read moreBuying habits are putting retailers and manufacturers under pressure, but that is not the only problem for retailers. Rising property costs driven by local business rates and wage growth, as well as...
Read moreMazda Motors UK’s strategy of elevating the brand’s and its franchise’s status – with the new 3 playing a pivotal role in that process – could lead to a handful of dealers deciding not to...
Read moreHyundai is still assessing the best way to run its shopping centre-based digital stores following the sale of the Westfield operation by Motorline to Endeavour. Speaking to Auto Retail Bulletin,...
Read moreIn a retail market that is typified by tight margins, it is vital that the part-exchange process is seamless for the customer and dealer alike. The ability to instantly appraise and value a vehicle in...
Read moreA busy March saw a number of retailers reporting their results, turning in some very different performances in a more difficult market. First came Vertu with its preliminary results to 31 January...
Read moreManufacturer-retailer relationships have improved again with a second consecutive uplift in overall satisfaction scores, according to the latest NFDA Dealer Attitude Survey. From the record low of 5.3...
Read moreSsangyong will cast off its role as a front for used car operations or rural agricultural equipment businesses as the UK importer’s managing director Nick Laird targets 10,000 annual sales within...
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